US Government Prints 535.68 Million Banknotes in July 2014

by CoinNews.net on August 15, 2014 · 0 comments

US Money and Chart

The US government printed more money for circulation in July than in June, data from the agency responsible for producing U.S. currency shows, but the combined value of the notes declined.

535.68 million in $1s, $5s, $10s, $20s $50s and $100s were produced last month for a combined value of $11.088 billion, according to the latest tallies of monthly production figures published by the Bureau of Engraving and Printing (BEP). In contrast, June’s totals summed to 528 million notes worth $11.696 billion.

In percentages, July saw 1.5% more notes compared to the previous month but their combined value was lower by 5.2%. In other month-over-month comparisons, there were:

  • 21.4% more $1s;
  • 4% fewer $5s;
  • 0.4% more $20s;
  • 1% more $50s; and
  • 14.3% fewer $100s

In other notables:

  • In June, $2s appeared for the first time since November. Presses were silent for them ounce again in July.
  • $10s appeared for a second straight month after having not been printed since February. Their totals in June and July matched.

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

July 2014 BEP Banknote Production

Facility at Washington, DC

BEP Money Production in Washington DC, July 2014

Facility at Fort Worth, TX

BEP Money Production in Fort Worth TX, July 2014

The BEP last month produced star notes in denominations of $1s, $20s and $50s. These are indicated by the "*" designator in the money production charts above. Star notes are replacements for misprinted notes or certain serial numbers, like 000 000 000. Money collectors find them desirable since they are rarer, making them 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

July 2014

Banknotes Total Printed Total Value ($)
$1.00 163,200,000 163,200,000
$2.00
$5.00 76,800,000 384,000,000
$10.00 38,400,000 384,000,000
$20.00 154,240,000 3,084,800,000
$50.00 64,640,000 3,232,000,000
$100.00 38,400,000 3,840,000,000
Totals 535,680,000 11,088,000,000

 

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.

June 2014

Banknotes Total Printed Total Value ($)
$1.00 134,400,000 134,400,000
$2.00 12,800,000 25,600,000
$5.00 80,000,000 400,000,000
$10.00 38,400,000 384,000,000
$20.00 153,600,000 3,072,000,000
$50.00 64,000,000 3,200,000,000
$100.00 44,800,000 4,480,000,000
Totals 528,000,000 11,696,000,000

 

May 2014

Banknotes Total Printed Total Value ($)
$1.00 204,800,000 204,800,000
$2.00 0 0
$5.00 70,720,000 353,600,000
$10.00 0 0
$20.00 236,800,000 4,736,000,000
$50.00 60,800,000 3,040,000,000
$100.00 44,800,000 4,480,000,000
Totals 617,920,000 12,814,400,000

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

 

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

 

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