US Banknote Production Tops 631 Million in August

by CoinNews.net on October 2, 2015 · 0 comments

$100s

Millions more banknotes were produced in August than a month and year earlier, data from the agency responsible for printing U.S. currency shows. Their combined value edged down from July yet more than doubled from August of last year.

Over 631 million in $1s, $5s, $10s, $20s and $100s were printed during the month for a total of more than $19.3 billion, according to Bureau of Engraving and Printing (BEP) production figures published on Monday, Sep. 28. These levels compare to the prior month’s 566.6 million notes worth over $19.7 billion.

In month-over-month percentage comparisons, August saw 11.4% more banknotes while their combined value dipped 2.2%. In other monthly differences, there was:

  • 76.9% more $1s;
  • 10% fewer $5s;
  • 12.5% fewer $10s;
  • 47.4% fewer $20s; and
  • 4.2% more $100s.

The BEP has not produced $50s for eight straight months and presses for $2s have been silent for seven months in a row. In January, $2s were made for the first time since June 2014.

Compared to a year earlier, the number of notes jumped 9.6% from 576,000,000 and their combined value surged 127.1% from $8,512,000,000.

Below are images of the BEP’s latest monthly production report. They show the type of banknotes manufactured in August at each of the agency’s printing facility:

August 2015 BEP Banknote Production

Facility at Washington, DC

BEP Money Production in Washington DC, August 2015

Facility at Fort Worth, TX

BEP Money Production in Fort Worth TX, August 2015

In August, the BEP produced 640,000 in $100 star notes. These are indicated by the "*" designator in the money 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 and 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 2015

Banknotes Total Printed Total Value ($)
$1.00 294,400,000 294,400,000
$2.00
$5.00 57,600,000 288,000,000
$10.00 44,800,000 448,000,000
$20.00 64,000,000 1,280,000,000
$50.00
$100.00 170,240,000 17,024,000,000
Totals 631,040,000 19,334,400,000

 

As a perspective, the BEP in FY 2014 printed about 24.8 million banknotes a day with a face value of approximately $560 million. That pace accounts for about 8.9 tons of ink each day. The agency delivered approximately 6.2 billion notes at an average cost of 10 cents per banknote. The BEP indicates that more than 90% of paper notes printed each year are for replacing those already in, or taken out of circulation.

For comparison, four previous monthly money production tables follow.

July 2015

Banknotes Total Printed Total Value ($)
$1.00 166,400,000 166,400,000
$2.00
$5.00 64,000,000 320,000,000
$10.00 51,200,000 512,000,000
$20.00 121,600,000 2,432,000,000
$50.00
$100.00 163,456,000 16,345,600,000
Totals 566,656,000 19,776,000,000

 

June 2015

Banknotes Total Printed Total Value ($)
$1.00 160,250,000 160,250,000
$2.00
$5.00 64,000,000 320,000,000
$10.00 51,200,000 512,000,000
$20.00 128,000,000 2,560,000,000
$50.00
$100.00 172,800,000 17,280,000,000
Totals 576,250,000 20,832,250,000

 

May 2015

Banknotes Total Printed Total Value ($)
$1.00 118,400,000 118,400,000
$2.00
$5.00 57,600,000 288,000,000
$10.00 51,200,000 512,000,000
$20.00 150,720,000 3,014,400,000
$50.00
$100.00 160,128,000 16,012,800,000
Totals  538,048,000 19,945,600,000

 

April 2015

Banknotes Total Printed Total Value ($)
$1.00 185,600,000 185,600,000
$2.00
$5.00 64,000,000 320,000,000
$10.00 57,600,000 576,000,000
$20.00 179,200,000 3,584,000,000
$50.00
$100.00 108,928,000 10,892,800,000
Totals 595,328,000 15,558,400,000

 

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