US Government Prints 576 Million Banknotes in August 2014

by CoinNews.net on September 18, 2014 · 5 comments

$10s

For a second straight month, the US government in August printed more money for circulation than the prior month but the combined value of the notes declined.

576 million in $1s, $5s, $10s, $20s $50s and $100s were produced last month for a combined value of $8.512 billion, according to the latest monthly production figures published by the Bureau of Engraving and Printing (BEP), the agency responsible for producing US currency. In contrast, July’s totals summed to 535.68 million notes worth $11.088 billion.

The types of bills printed were the same for both months. In percentages, August saw 7.5% more notes compared to July but their combined value was 23.2% lower. In other month-over-month comparisons, there were:

  • 37.3% more $1s;
  • 50% more $5s;
  • 16.7% fewer $10s;
  • 0.4% fewer $20s;
  • 75.2% fewer $50s; and
  • 8.3% fewer $100s

In other notables:

  • In June, $2s appeared for the first time since November. Presses have been silent for them since.
  • $10s appeared for a third straight month after having not been printed since February.

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

August 2014 BEP Banknote Production

Facility at Washington, DC

BEP Money Production in Washington DC, August 2014

Facility at Fort Worth, TX

BEP Money Production in Fort Worth TX, August 2014

Atypically, the BEP did not produce any star notes last month. 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

August 2014

Banknotes Total Printed Total Value ($)
$1.00 224,000,000 224,000,000
$2.00
$5.00 115,200,000 576,000,000
$10.00 32,000,000 320,000,000
$20.00 153,600,000 3,072,000,000
$50.00 16,000,000 800,000,000
$100.00 35,200,000 3,520,000,000
Totals 576,000,000 8,512,000,000

 

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 notes that more than 90% of 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.

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

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

 

{ 5 comments… read them below or add one }

Whistler September 18, 2014 at 1:20 pm

ONE DAY…maybe sooner rather then later, but EVENTUALLY, the no interest Fed policy & massive overproduction of physical $$$ will cause a financial nightmare-> These $$ have to go somewhere the $$ has been devlaued beyond compare, just look @ the excessive sotck value. Last, not sure of Au & Ag will = protection with the rigger Fer Reserve game in play kids!!! Look for the new $1,000 bill!

Emmanuel September 19, 2014 at 5:21 am

This is getting scary isn’t it? the devaluation of currencies for examples Dollar and Pound Sterling is not going to end. In a country like U.S.A the Federal constitution said that only silver and gold coins must be used, but the Late President Nixion (RIP) deliberately stopped the use of silver and gold coins The gold and silver coins are legal tenders minted by governments. The U.K and the U.S.A economies are struggling because they do not have the heavy industries to employ their people, the two countries import much more than they export, they do not have balance of trade with most countries. I love to continue with my points, but on this occasion I will advise people to look for a to earn second incomes, and to start collecting, preserving gold, silver, and platinum coins now.

Gold, and Silver coins are Almighty God’s money, and they precious metals..

You can learn more on how to better your finances by clicking on the link Emmanuel at the top of this comments now.

RonnieBGood September 19, 2014 at 8:36 am

Those who have not been afraid to stay in the stock market are very happy.
Those who have bet against the USA have lost big. We are on a slow but continual move upward and the economy is getting better every month.

Munzen September 20, 2014 at 12:40 pm

Emmanuel (what a handle!) I respect your right to rant, but not to make up facts. Gold coinage ended under Franklin Roosevelt, and silver coinage ended under Lyndon Johnson. Nixon (NOT “Nixion”, sheesh) was responsible for suspending distribution of high-value bills.

bobby September 20, 2014 at 4:42 pm

prior to new cameras Kodak set the mark for silver at $5 bucks give or take some change. on paper you could buy when they bought and sell in a week? and make a few bucks. any new ideas you may want to share?.

Leave a Comment