US Banknote Production Tops 784.6 Million in October

by CoinNews.net on November 27, 2015 · 2 comments

US Money, $100sMoney production ramped up in October from a month earlier but slowed from a year ago, data from the agency responsible for producing U.S. currency shows. The combined value of the notes jumped sharply against both periods.

784.6 million in $1s, $2s, $5s, $10s, $20s and $100s crossed printing presses last month for a combined value of more than $26.2 billion, according to Bureau of Engraving and Printing (BEP) production figures published on Wednesday, Nov. 25. These levels compare to September tallies of 678.4 million notes worth over $18.8 billion.

In month-over-month percentage comparisons, October saw 15.7% more banknotes and their combined value advanced 39.6%. In other monthly differences, there were:

  • 40.2% fewer $1s;
  • 200% more $2s;
  • 38.1% more $5s;
  • 114.3% more $10s;
  • 205.5% more $20s; and
  • 44.4% more $100s.

No $50s were printed last month. The BEP produced $2s for a second straight month following a seven-month dry spell.

Compared to a year earlier, the number of notes dropped 25.5% from 1,053,056,000 but their combined value surged 52% from $17,280,000,000.

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

October 2015 BEP Banknote Production

Facility at Washington, DC

BEP Money Production in Washington DC, October 2015

Facility at Fort Worth, TX

BEP Money Production in Fort Worth TX, October 2015

The BEP printed millions of star notes across $1s, $5s and $20s. 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, and are also so indicated by quantities in the images above. 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

October 2015

Banknotes Total Printed Total Value ($)
$1.00 195,200,000 195,200,000
$2.00 19,200,000 38,400,000
$5.00 70,720,000 353,600,000
$10.00 96,000,000 960,000,000
$20.00 195,520,000 3,910,400,000
$50.00
$100.00 208,000,000 20,800,000,000
Totals 784,640,000 26,257,600,000

 

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.

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

 

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

 

For 2016, the Fed has ordered 7.6 billion banknotes.

{ 2 comments… read them below or add one }

Larry Miceli November 28, 2015 at 10:11 am

Excellent report! Do u also have an official report showing exactly how much currency was removed from circulation?

Whistler December 2, 2015 at 5:07 pm

Removed, they removed only the $ given to Syrian refugees….no the M1 is out of cotrol, eventually the $$ will hit a wall, as a fiat $$ good faith only goes so far….

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