US Banknote Production in June Lowest in Four Months

by CoinNews.net on August 11, 2017 · 1 comment

$10sU.S. paper money production slowed to a four-month low in June, according to data published Aug. 8 by the agency responsible for printing American currency.

The Bureau of Engraving and Printing (BEP) produced 547.52 million banknotes in June for a combined value of more than $13.2 billion. By comparison, May levels registered at 634.56 million notes, the most since October, worth over $18.1 billion.

In percentage breakdowns, June saw 13.7% fewer notes than May for a 27% lower combined value. In other month-over-month comparisons, there were:

  • 15.6% fewer $1s,
  • 40% more $5s,
  • 21.4% fewer $20s, and
  • 31.3% fewer $100s.

The number of $10s matched in both months. The BEP did not make $50s for a fifth month in a row after six straight months of pressing them. Also, $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 fell 16.5% from 656,000,000 and their total value dropped 2.9% from $13,632,000,000.

BEP FY 2017 Production

The BEP has produced 5,101,440,000 notes since the start of its new fiscal year on Oct. 1. About 2 billion more will be printed through September as 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.

June 2017 BEP Banknote Production

Facility at Washington, DC

BEP Money Production in Washington DC, June 2017

Facility at Fort Worth, TX

BEP Money Production in Fort Worth TX, June 2017

The BEP produced 320,000 $20 star notes. 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 are 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

June 2017

Banknotes Total Printed Total Value ($)
$1.00 172,800,000 172,800,000
$2.00
$5.00 89,600,000 448,000,000
$10.00 51,200,000 512,000,000
$20.00 141,120,000 2,822,400,000
$50.00
$100.00 92,800,000 9,280,000,000
Totals 547,520,000 13,235,200,000

 

For comparison, four previous monthly money production tables follow.

May 2017

Banknotes Total Printed Total Value ($)
$1.00 204,800,000 204,800,000
$2.00
$5.00 64,000,000 320,000,000
$10.00 51,200,000 512,000,000
$20.00 179,520,000 3,590,400,000
$50.00
$100.00 135,040,000 13,504,000,000
Totals 634,560,000 18,131,200,000

 

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

 

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

 

Federal Reserve data indicates that there was approximately $1.56 trillion in circulation as of July 12, 2017, of which $1.52 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.

{ 1 comment… read it below or add one }

Joe Brown August 12, 2017 at 2:16 am

gooddarection* no princeappell no print$ = payed+* 2/3 – *us aboard.

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