US Government Prints 400.9 Million Banknotes in February 2014

by CoinNews.net on March 26, 2014 · 0 comments

New $100s

Fewer bills were pressed by the U.S. government in February than a month earlier and the combined value of the money was down as well, data from the agency responsible for printing American currency shows.

This up and then down monthly pattern has repeated since September.

400.96 million in $1s, $5s, $10s, $20s and $100s were manufactured in February for a total value of more than $9.3 billion, according to monthly production figures released Thursday, March 20, by the Bureau of Engraving and Printing (BEP).

In month-over-month comparisons, the quantity of banknotes declined 20.7% and the total dollar value dropped 26.2%. The type of banknotes printed almost matched those from January, the exception being a lack of $5’s in February. More $10s were printed last month but all the other denominations fell sharply from between 27% to 37%.

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

February 2014 BEP Banknote Production

Facility at Washington, DC

BEP Money Production in Washington DC for February 2014

Facility at Fort Worth, TX

BEP Money Production in Fort Worth TX for February 2014

Last month the BEP produced more than 7 million star notes across $1s, $5s and $100s. 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 February:

Banknotes by Denomination: Total Printed and Values

February 2014

Banknotes Total Printed Total Value ($)
$1.00 122,240,000 122,240,000
$2.00 0 0
$5.00 25,920,000 129,600,000
$10.00 83,200,000 832,000,000
$20.00 108,800,000 2,176,000,000
$50.00 0 0
$100.00 60,800,000 6,080,000,000
Totals 400,960,000 9,339,840,000

 

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 previous monthly money production tables follow.

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

 

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

 

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