US Government Prints 487 Million Banknotes in September 2014

by CoinNews.net on October 22, 2014 · 0 comments

US Money - $1, $5, $10 and $20

The US government printed less money for circulation in September than in any month since February, data from the agency responsible for producing U.S. currency shows, and the combined value of the notes was the lowest in almost a year.

487.04 million in $1s, $5s, $10s, $20s and $100s were made last month for a combined value of over $4.8 billion, according to monthly production figures published by the Bureau of Engraving and Printing (BEP) on Monday, Oct 20. The monthly amount was the lowest since the government ordered 400.96 million notes in February and the combined value the weakest since the October 2013 total of $4,297,600,000.

In month-over-month comparisons, September saw 15.4% fewer notes than in August and their combined value was 42.9% lower. By denomination, there were:

  • 2.9% fewer $1s;
  • 16.7% more $5s;
  • 45.8% fewer $20s;
  • 43.6% fewer $100s

In other notables:

  • No $50s were produced for the first time since March.
  • The amount of $10s in September matched the previous month.
  • In June, $2s appeared for the first time since November. Presses have been silent for them since.

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

September 2014 BEP Banknote Production

Facility at Washington, DC

BEP Money Production in Washington DC, September 2014

Facility at Fort Worth, TX

BEP Money Production in Fort Worth TX, September 2014

In September, the BEP printed 640,000 $100 star notes. These are indicated by the "*" designator in the production chart directly above. Star notes are replacements for misprinted notes or certain serial numbers, like 000 000 000. Money collectors find them more desirable since they are rarer, making them 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

September 2014

Banknotes Total Printed Total Value ($)
$1.00 217,600,000 217,600,000
$2.00
$5.00 134,400,000 672,000,000
$10.00 32,000,000 320,000,000
$20.00 83,200,000 1,664,000,000
$50.00
$100.00 19,840,000 1,984,000,000
Totals 487,040,000 4,857,600,000

 

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.

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

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

 

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