US Banknote Production Climbs in February

by CoinNews.net on March 11, 2016 · 0 comments

US Money, 50 and 10U.S. money production advanced in February to a four-month high, figures from the agency responsible for printing currency shows.

521.6 million in $1s, $5s, $10s, $20s, $50s and $100s were produced last month for a combined value of just over $14 billion, according to data released on Mar. 8 by the Bureau of Engraving and Printing (BEP). These figures compare to January totals of 518.4 million notes worth nearly $12 billion.

In percentage comparisons from January to February, the BEP made 0.6% more banknotes for a combined value that is 16.8% higher. In other monthly differences, there were:

  • 11.1% more $5s;
  • 15.8% fewer $20s;
  • 15.4% fewer $50s; and
  • 44.4% more $100s.

The number of $1s was the same for a third month in a row. Snapping a longer streak, the lack of $2s was a first since August. Lastly, the BEP made $10s in February after presses for them were silent in January.

Compared to February 2015, the number of notes last month rose by 2.9% from 506,880,000 while their combined value surged 68.2% from $8,326,400,000.

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

February 2016 BEP Banknote Production

Facility at Washington, DC

BEP Money Production in Washington DC, February 2016

Facility at Fort Worth, TX

BEP Money Production in Fort Worth TX, February 2016

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

February 2016

Banknotes Total Printed Total Value ($)
$1.00 147,200,000 147,200,000
$2.00
$5.00 64,000,000 320,000,000
$10.00 38,400,000 384,000,000
$20.00 153,600,000 3,072,000,000
$50.00 35,200,000 1,760,000,000
$100.00 83,200,000 8,320,000,000
Totals 521,600,000 14,003,200,000

 

For comparison, four previous monthly money production tables follow.

January 2016

Banknotes Total Printed Total Value ($)
$1.00 147,200,000 147,200,000
$2.00 32,000,000 64,000,000
$5.00 57,600,000 288,000,000
$10.00
$20.00 182,400,000 3,648,000,000
$50.00 41,600,000 2,080,000,000
$100.00 57,600,000 5,760,000,000
Totals 518,400,000 11,987,200,000

 

December 2015

Banknotes Total Printed Total Value ($)
$1.00 147,200,000 147,200,000
$2.00 7,600,000 15,200,000
$5.00 44,800,000 224,000,000
$10.00
$20.00 166,400,000 3,328,000,000
$50.00 28,800,000 1,440,000,000
$100.00 67,200,000 6,720,000,000
Totals 462,000,000 11,874,400,000

 

November 2015

Banknotes Total Printed Total Value ($)
$1.00 160,000,000 160,000,000
$2.00 128,000 256,000
$5.00 60,800,000 304,000,000
$10.00 32,000,000 320,000,000
$20.00 198,400,000 3,968,000,000
$50.00
$100.00 76,800,000 7,680,000,000
Totals 528,128,000 12,432,256,000

 

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 2015 delivered about 7 billion notes at an average cost of 10 cents each, and needed about 8.7 tons of ink each day to print them. More than 90% of those printed are for replacing notes already in, or taken out of circulation.

As an aside and according to data from the Federal Reserve, there was approximately $1.4 trillion in circulation as of Feb. 18, 2016, of which $1.38 trillion was in Federal Reserve notes.

The BEP operates on a fiscal year that begins on October 1 and ends on September 30. For FY 2016, the Fed ordered 7.6 billion banknotes.

{ 0 comments… add one now }

Leave a Comment