US Government Prints 560 Million Banknotes in April 2014

by CoinNews.net on May 20, 2014 · 0 comments

$100 notes

The BEP printed more notes in April than in March. The quantity of $100s matched.

More money was printed by the U.S. government in April than a month earlier and the combined value of the bills climbed as well, data from the agency responsible for producing U.S. currency shows.

560 million in $1s, $5s, $20s $50s and $100s were made last month for a total value of $10.656 billion, according to latest round of monthly production figures from the Bureau of Engraving and Printing (BEP). By comparison, March saw 509.4 million notes worth just over $9.1 billion.

$50s appeared in April for the first time since October. In other month-over-month changes, 10.3% fewer $1s were made while other denominations increased by 77.8% for $5s and 22.8% for $20s. In a rarity, the amount of $100s printed in April match the previous month.

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

April 2014 BEP Banknote Production

Facility at Washington, DC

BEP Money Production in Washington DC for May 2014

Facility at Fort Worth, TX

BEP Money Production in Fort Worth TX for May 2014

In April, the BEP printed 3.2 million $20 star notes. 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

April 2014

Banknotes Total Printed Total Value ($)
$1.00 224,000,000 224,000,000
$2.00 0 0
$5.00 51,200,000 256,000,000
$10.00 0 0
$20.00 220,800,000 4,416,000,000
$50.00 12,800,000 640,000,000
$100.00 51,200,000 5,120,000,000
Totals 560,000,000 10,656,000,000

 

As a perspective, the BEP in Fiscal Year 2013 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.

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

 

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

 

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