US Government Prints 505.6 Million Banknotes in January 2014

by CoinNews.net on February 10, 2014 · 5 comments

American MoneyMore money came from U.S. government presses in January than the previous month, and the total value of the bills printed was also higher, data from the agency responsible for manufacturing U.S. currency shows.

505.6 million in $1s, $10s, $20s and $100s were produced in January for a total value of more than $12.6 billion, according to monthly production figures released Friday, Feb. 7, by the Bureau of Engraving and Printing (BEP).

In month-over-month comparisons, the quantity of banknotes jumped 47.6% and the total dollar value increased 19.2%. The type of banknotes printed last month matched those from December, with the quantity of $100s actually matching as well. The biggest differences between the two months were across-the-board gains in January for the other bills — 54.24 million more $1s; 19.2 million more $10s; and 89.6 million more $20s.

Here are images of the BEP reports showing the type of banknotes manufactured during the month:

January 2014 BEP Banknote Production

Facility at Washington, DC

BEP Money Production in Washington DC for January 2014

Facility at Fort Worth, TX

BEP Money Production in Fort Worth TX for January 2014

Last month the BEP produced 6.4 million $1 star notes. These are indicated by the "*" designator in the above money production chart. Star notes are replacements for misprinted notes or certain serial numbers, like 000 000 000. Money collectors find them more desirable since they are more difficult to find.

The following table lists the type, the amount and the total value of notes printed by the BEP in January:

Banknotes by Denomination: Total Printed and Values

January 2014

Banknotes Total Printed Total Value ($)
$1.00 179,200,000 179,200,000
$2.00 0 0
$5.00 0 0
$10.00 70,400,000 704,000,000
$20.00 172,800,000 3,456,000,000
$50.00 0 0
$100.00 83,200,000 8,320,000,000
Totals 505,600,000 12,659,200,000

 

As a measuring stick of sorts, the BEP reported that in Fiscal Year 2013 it delivered about 26 million banknotes a day with a face value of about $1.3 billion. Approximately 6.6 billion notes went out for the year at an average cost of 10 cents per. The BEP also reported that more than 90% of the banknotes printed each year are to replace those already in, or taken out of circulation.

For comparison, four prior monthly money production tables are below:

December 2013

Banknotes Total Printed Total Value ($)
$1.00 124,960,000 124,960,000
$2.00 0 0
$5.00 0 0
$10.00 51,200,000 512,000,000
$20.00 83,200,000 1,664,000,000
$50.00 0 0
$100.00 83,200,000 8,320,000,000
Totals 342,560,000 10,620,960,000

 

November 2013

Banknotes Total Printed Total Value ($)
$1.00 234,100,000 234,100,000
$2.00 19,840,000 39,680,000
$5.00 0 0
$10.00 44,800,000 448,000,000
$20.00 115,200,000 2,304,000,000
$50.00 0 0
$100.00 128,000,000 12,800,000,000
Totals 541,940,000 15,825,780,000

 

October 2013

Banknotes Total Printed Total Value ($)
$1.00 192,000,000 192,000,000
$5.00 19,200,000 96,000,000
$10.00 96,000,000 960,000,000
$20.00 128,480,000 2,569,600,000
$50.00 3,200,000 160,000,000
$100.00 3,200,000 320,000,000
Totals 442,080,000 4,297,600,000

 

September 2013

Banknotes Total Printed Total Value ($)
$1.00 332,800,000 332,800,000
$5.00 169,600,000 848,000,000
$10.00 2,176,000 21,760,000
$20.00 6,400,000 128,000,000
$50.00 57,600,000 2,880,000,000
$100.00 615,040,000 61,504,000,000
Totals 1,183,616,000 65,714,560,000

 

{ 5 comments… read them below or add one }

Stewart February 10, 2014 at 8:20 pm

Thank goodness they haven’t wasted millions of dollars making $1 coins for the past 15 years that will never ever ever never be used…..oh wait…they have. (Sarcastic guffaw) Stop making the paper $1 bill, it has to go. 21st century has arrived, and I imagine a billion presidential and Sacagawea dollars are being held in banks across the nation. Shoot, just hand every American their share to get them into the economy.

Joe February 10, 2014 at 8:59 pm

You have my vote.

Munzeb February 11, 2014 at 6:41 pm

And mine. One-third of those 505M bills were $1s. What a waste of resources.

Stewart February 11, 2014 at 10:28 pm

If you really want to throw up a wee bit, just take a peek at the historical mintages of just the P & D mints only that I was quickly able to find on the net. Never mind the S mint coins, that will never be used. Billions of wasted dollars, all sitting in banks around the nation, never ever to be spent. Stop the madness, dump the paper bill.
http://presidentialdollarguide.com/presidential-dollar-mintages/

Stewart February 11, 2014 at 10:32 pm

Or those unused Sacajawea dollars, PDS mints, unused forever. Millions/ Billions on shelves….arrrgh.

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