US Government Prints 509.4 Million Banknotes in March 2014

by CoinNews.net on May 5, 2014 · 1 comment

$10 banknote

The BEP printed no $10 banknotes in March

More money came from U.S. government presses in March than the previous month but the total value of the banknotes printed was down from February, data released Thursday from the agency responsible for manufacturing U.S. currency shows.

509.44 million in $1s, $5s, $20s and $100s were manufactured in March for a total value of just above $9.1 billion, according to production figures published monthly by the Bureau of Engraving and Printing (BEP). The prior month came in at 400.96 million notes worth over $9.3 billion.

In month-over-month percentage comparisons, the quantity of banknotes jumped 27.1% while the total dollar value declined 2.5%. No $10s were printed last month, unlike in February, and 15.8% fewer $100s were made. Other denominations increased:

  • 104.2% for $1s,
  • 11.1% for $5, and
  • 65.3% for $20s

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

March 2014 BEP Banknote Production

Facility at Washington, DC

BEP Money Production in Washington DC for March 2014

Facility at Fort Worth, TX

BEP Money Production in Fort Worth TX for March 2014

In March, the BEP printed 3.84 million star notes across $5s and $20s. These are indicated by the "*" designator in the production chart above. Star notes are replacements for misprinted notes or certain serial numbers, like 000 000 000. Money collectors find them desirable since they are more difficult to find.

The following table lists the type, the amount and the total value of banknotes printed by the BEP for the month:

Banknotes by Denomination: Total Printed and Values

March 2014

Banknotes Total Printed Total Value ($)
$1.00 249,600,000 249,600,000
$2.00 0 0
$5.00 28,800,000 144,000,000
$10.00 0 0
$20.00 179,840,000 3,596,800,000
$50.00 0 0
$100.00 51,200,000 5,120,000,000
Totals 509,440,000 9,110,400,000

 

As a measuring stick, the BEP reported that in Fiscal Year 2013 it manufactured 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 banknote. The BEP also reported that more than 90% of the paper notes printed each year are to replace those already in, or taken out of circulation.

For comparison, four previous monthly money production tables follow.

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

 

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

 

{ 1 comment… read it below or add one }

Joe May 6, 2014 at 10:22 am

New star notes. Nice to find not worth much. 3.84 million $5 & $20 dollar bills. Good luck.

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