US Banknote Production in March Quickest Since October

by CoinNews.net on April 26, 2016 · 3 comments

$10sU.S. money production in March picked up for a third straight month, running the quickest since October and faster than a year earlier, data from the agency responsible for printing American currency shows.

A bit more than 560.3 million in $1s, $5s, $10s, $20s and $100s were produced last month for a combined value of just over $15 billion, according to the latest monthly figures from the Bureau of Engraving and Printing (BEP). In contrast, February levels registered at 521.6 million notes worth just over $14 billion.

In percentage comparisons from the previous month, the BEP made 7.4% more banknotes for a combined value that is also 7.4% higher. In other monthly differences, there were:

  • 28.3% more $1s;
  • 20% more $5s;
  • 66.7% fewer $10s;
  • 12.7% more $20s; and
  • 30.8% more $100s.

Presses were silent for $50s for the first time since November and there was a lack of $2s for a second month in a row after seeing them for five straight months.

Compared to March 2015, the number of notes last month climbed by 5.7% from 529,920,000 while their combined value soared 69.6% from $8,870,400,000.

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.

March 2016 BEP Banknote Production

Facility at Washington, DC

BEP Money Production in Washington DC, March 2016

Facility at Fort Worth, TX

BEP Money Production in Fort Worth TX, March 2016

The BEP printed 3.52 million in star note spread between mostly $1s and some $20s. Star notes are replacements for misprinted or 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 star notes 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

March 2016

Banknotes Total Printed Total Value ($)
$1.00 188,800,000 188,800,000
$2.00
$5.00 76,800,000 384,000,000
$10.00 12,800,000 128,000,000
$20.00 173,120,000 3,462,400,000
$50.00
$100.00 108,800,000 10,880,000,000
Totals 560,320,000 15,043,200,000

 

For comparison, four previous monthly money production tables follow.

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

 

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

 

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 the banknotes printed are for replacing those already in, or taken out of circulation.

As an aside and according to data from the Federal Reserve, there was approximately $1.45 trillion in circulation as of April 6, 2016, of which $1.4 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.

{ 3 comments… read them below or add one }

Seth Riesling April 27, 2016 at 11:05 am

Mike Unser –

On another subject, the U.S. Mint on it’s website has sales figures as of April 24 of the 2016-W Winged Liberty Head dime Uncirculated regular business strike gold coins as at 122,510 sold. That means there was not a sellout of this coin. Have you been able to verify if this is a correct current figure? When does the Mint plan on offering the 2,490 coins that did not sell? Hope you can get an answer from Michael White or Tom Jurkowsky or someone at the Mint. Thanks!

I missed not seeing a daily precious metals report for yesterday April 26 here.

-NumisDudeTX

Michael Roy April 30, 2016 at 2:06 pm

The facility in Texas is printing 2009 bills still for the $100 dollar bill???

Tell Janet yellen hi for me!!!

Are you guy’s ready for GRAND THEFT LANDO THE FEDERAL RESERVE RESET

It’s going to be the greatest show on earth!!!!!

Seth Riesling May 5, 2016 at 12:56 pm

Michael Roy –

If you attempt “Grand Theft” from a Federal Reserve Bank, I guarantee you will get to meet Fed Chairwoman Janet Yellen in person – in Federal court! ! Lol.

-NumisDudeTX

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