US Banknote Production Hits 678.4 Million in September

by CoinNews.net on October 21, 2015 · 2 comments

$10sMarkedly more banknotes were printed in September than a month and year earlier, data from the agency responsible for printing U.S. currency shows. Their combined value, however, was mixed — modestly lower than in August but sharply higher than in September 2014.

678.4 million in $1s, $2s, $5s, $10s, $20s, $50s and $100s were printed during the month for a combined value of more than $18.8 billion, according to Bureau of Engraving and Printing (BEP) production figures published on Monday, Oct. 19. These levels compare to the prior month’s 631 million notes worth over $19.3 billion.

In percentage comparisons from August to September, there were 7.5% more banknotes but they had a 2.8% lower total value. In other monthly differences, there were:

  • 10.9% more $1s;
  • 11.1% fewer $5s; and
  • 15.4% fewer $100s.

The number of $10s and $20s matched. Also in September, the BEP pressed $2s for the first time since January and $50s for the first time since December.

Compared to a year earlier, the number of notes surged 39.3% from 487,040,000 and their combined value soared 287.1% from $4,857,600,000.

Below are images of the BEP’s latest monthly production report. They show the type of banknotes manufactured in September at the agency’s two printing facilities.

September 2015 BEP Banknote Production

Facility at Washington, DC

BEP Money Production in Washington DC, September 2015

Facility at Fort Worth, TX

BEP Money Production in Fort Worth TX, September 2015

Atypically, no star notes were printed last month. Star notes are replacements for misprinted/damaged notes and for certain serial numbers like 000 000 000. Star notes have serial numbers that end with a star "*" designation. Money collectors usually find them more desirable since they can be harder 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 2015

Banknotes Total Printed Total Value ($)
$1.00 326,400,000 326,400,000
$2.00 6,400,000 12,800,000
$5.00 51,200,000 256,000,000
$10.00 44,800,000 448,000,000
$20.00 64,000,000 1,280,000,000
$50.00 41,600,000 2,080,000,000
$100.00 144,000,000 14,400,000,000
Totals 678,400,000 18,803,200,000

 

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.

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

 

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

 

{ 2 comments… read them below or add one }

Munzen October 21, 2015 at 3:20 pm

It’s interesting that $2 production has seen an uptick. IIRC this is the first time in many years that two print runs have been made in a calendar year.

Of course the whole question would be moot if Congress weren’t beholden to Crane Paper and the “don’t ever change anything about our money” crowd.

Whistler October 22, 2015 at 5:35 pm

M1 $ supply is larger than King Kong……the # of $$ in circulation is ridiculous- but to those who have gold & silver one day, sooner tather than later, you’ll be rewarded, the inflation books are cooked, & the Fed is sham…they maise rates, they may go negative….as George Costanza would say: “Prognosis negative…”

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