US Banknote Production Reaches 579.2 Million in March 2017

by CoinNews.net on April 25, 2017 · 0 comments

Different american dollars banknotes close-up. Background  textureBanknote production in March quickened to the highest level in 5 months, data from the agency responsible for printing U.S. currency shows.

The Bureau of Engraving and Printing (BEP) produced 579.2 million banknotes last month, the most since October, for a combined value of nearly $14.2 billion. By comparison, the BEP in February made 512 million notes worth a bit more than $13 billion.

In percentages from the prior month, March saw 13.1% more notes and their combined value was 9.1% higher. In other month-over-month comparisons, there were:

  • 18.5% more $1s;
  • 10% more $5s;
  • 7.7% fewer $10s;
  • 18.2% more $20s; and
  • 6.9% more $100s.

The BEP did not make $50s for a second month in a row after six straight months of pressing them. $2s have not been printed since July, and more are not expected for some time. The Federal Reserve noted that their FY 2016 order for $2s was enough to meet demand for "multiple years."

Compared to the same month in 2016, the number of notes grew 3.4% from 560,320,000 while their total value was 5.7% lower from $15,043,200,000.

BEP FY 2017 Production

The BEP has produced 3.285 billion notes since the start of its new fiscal year on Oct. 1. Going forward, more will be printed on average since the Fed ordered 7.1 billion banknotes for FY 2017.

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 2017 BEP Banknote Production

Facility at Washington, DC

BEP Money Production in Washington DC, March 2017

Facility at Fort Worth, TX

BEP Money Production in Fort Worth TX, March 2017

 

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 2017

Banknotes Total Printed Total Value ($)
$1.00 204,800,000 204,800,000
$2.00
$5.00 70,400,000 352,000,000
$10.00 38,400,000 384,000,000
$20.00 166,400,000 3,328,000,000
$50.00
$100.00 99,200,000 9,920,000,000
Totals 579,200,000 14,188,800,000

 

For comparison, four previous monthly money production tables follow.

Banknotes by Denomination: Total Printed and Values

February 2017

Banknotes Total Printed Total Value ($)
$1.00 172,800,000 172,800,000
$2.00
$5.00 64,000,000 320,000,000
$10.00 41,600,000 416,000,000
$20.00 140,800,000 2,816,000,000
$50.00
$100.00 92,800,000 9,280,000,000
Totals 512,000,000 13,004,800,000

 

January 2017

Banknotes Total Printed Total Value ($)
$1.00 166,400,000 166,400,000
$2.00
$5.00 80,000,000 400,000,000
$10.00
$20.00 140,800,000 2,816,000,000
$50.00 76,800,000 3,840,000,000
$100.00 92,800,000 9,280,000,000
Totals 556,800,000 16,502,400,000

 

December 2016

Banknotes Total Printed Total Value ($)
$1.00 163,200,000 163,200,000
$2.00
$5.00 57,600,000 288,000,000
$10.00
$20.00 109,120,000 2,182,400,000
$50.00 19,200,000 960,000,000
$100.00 74,240,000 7,424,000,000
Totals 423,360,000 11,017,600,000

 

November 2016

Banknotes Total Printed Total Value ($)
$1.00 185,600,000 185,600,000
$2.00
$5.00 70,400,000 352,000,000
$10.00
$20.00 154,240,000 3,084,800,000
$50.00 57,600,000 2,880,000,000
$100.00 70,400,000 7,040,000,000
Totals 538,240,000 13,542,400,000

 

Federal Reserve data indicates that there was approximately $1.54 trillion in circulation as of April 5, 2017, of which $1.49 trillion was in Federal Reserve notes.

"Recent estimates show that between one-half and two-thirds of the value of U.S. currency in circulation is held abroad," the BEP notes.

As a perspective, the BEP in FY 2016 delivered its 7.6 billion notes at an average cost of 10 cents each. More than 90% of those printed were for replacing those already in, or taken out of circulation.

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