US Banknote Production Hits 633.92 Million in April

by CoinNews.net on May 22, 2017 · 0 comments

US Money, 50 and 10U.S. paper money production picked up for a second straight month, ran the quickest in six months, and climbed ahead of figures from a year earlier, data from the agency responsible for printing American currency shows.

The Bureau of Engraving and Printing (BEP) produced 633.92 million banknotes last month, the most since October, for a combined value of $17.096 billion. By comparison, March levels tracked at 579.2 million notes worth nearly $14.2 billion.

In percentages from the prior month, April saw 9.5% more notes and their combined value was 20.5% higher. In other month-over-month comparisons, there were:

  • 12.5% more $1s;
  • 0.5% more $5s; and
  • 29% more $100s.

The amount of $10s and $20s matched the previous month. The BEP did not make $50s for a third 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 1.6% from 624,000,000 while their total value was 8.6% higher from $15,740,800,000.

BEP FY 2017 Production

The BEP has produced 3.919 billion notes since the start of its new fiscal year on Oct. 1. Nearly 3.185 billion more notes will be printed through September 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.

April 2017 BEP Banknote Production

Facility at Washington, DC

BEP Money Production in Washington DC, April 2017

Facility at Fort Worth, TX

BEP Money Production in Fort Worth TX, April 2017

The BEP printed 6.72 million star notes, split across $1s and $5s. Star notes are replacements for misprinted or damaged notes and for certain serial numbers like 000 000 000. They 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

April 2017

Banknotes Total Printed Total Value ($)
$1.00 230,400,000 230,400,000
$2.00
$5.00 70,720,000 353,600,000
$10.00 38,400,000 384,000,000
$20.00 166,400,000 3,328,000,000
$50.00
$100.00 128,000,000 12,800,000,000
Totals 633,920,000 17,096,000,000

 

For comparison, four previous monthly money production tables follow.

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

 

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

 

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.

{ 0 comments… add one now }

Leave a Comment