US Government Prints 519 Million Banknotes in October 2010

by CoinNews.net on December 14, 2010 · 0 comments

BEP Production FiguresThe start of a new fiscal year for the Bureau of Engraving and Printing in October 2010 translated into a delayed release of banknote production figures for the month.

New numbers are now available. The government agency responsible for printing U.S. money reported that it produced 22.4 million more notes in October than in September. However, the value of those notes was the smallest, by far, than in any other month in this year.

The Bureau of Engraving and Printing rolled out 519,040,000 banknotes in October 2010 which amounted to only $5,769,600,000 across four denominations. As a comparison, September stats showed 496.6 million notes that were worth more than $29.6 billion.

2010 Monthly Banknote Totals

# Notes
(in millions)
Total Value
(in billions)
January 487.000 $14.100
February 504.476 $14.098
March 605.952 $22.138
April 519.136 $21.735
May 551.680 $24.266
June 547.840 $22.275
July 447.872 $21.325
August 471.360 $22.394
September 496.640 $29.677
October 519.040 $5.769

 

The biggest change between the two months was the lack of $100s. 243+ million fewer were produced in October versus September. What made the BEP busier was the increase of $1s and $10s — nearly 214 million and almost 84 million more, respectively. $10s have now been produced for two months in a row. Previously, they had not made an appearance in the production tables since July 2009. $50s have remained silent since then. $5s were not printed for a third straight month.

October 2010 BEP Money Production

Facility at Washington, DC

BEP Note Production in October 2010 at Washington, DC

Facility at Fort Worth, TX

BEP Note Production in August 2010 at Fort Worth, TX

The BEP also produced millions of $1, $10, $20 and $100 star notes. Those are referenced by the "*" indicators in the above production charts. Star notes are replacements for misprinted notes or certain serial numbers, like 000 000 000. Money collectors generally find them more desirable since they are harder to find.

Bills by Denomination, Volume and Value

October 2010

Denomination Total Printed Total Value
$1.00 291,200,000 291,200,000
$5.00 0 0
$10.00 87,040,000 870,400,000
$20.00 118,400,000 2,368,000,000
$50.00 0 0
$100.00 22,400,000 2,240,000,000
October 2010 Totals 519,040,000 5,769,600,000

 

Spread across the 31 days in October, the BEP averaged over 16.7 million notes per day for an average daily value of more than $186.1 million.

The previous monthly production figures are shown below:

September 2010

Denomination Total Printed Total Value
$1.00 77,440,000 77,440,000
$5.00 0 0
$10.00 3,200,000 32,000,000
$20.00 150,400,000 3,008,000,000
$50.00 0 0
$100.00 265,600,000 26,560,000,000
September 2010 Totals 496,640,000 29,677,440,000

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