25.28 million more U.S. banknotes were produced in September as compared to August, the Bureau of Engraving and Printing said Tuesday in a report that was published one month later than normal and after the close out of the agency’s fiscal year.
The monthly increase is the second straight for the BEP after a string of two consecutive declines.
The production data indicates that $5s were not printed for a second month. However, a small batch of $10s made an appearance for the first time since July 2009. $50s have remained silent since then.
The BEP produced 496,640,000 banknotes in September 2010 which translated to $29,677,440,000 across the various denominations. August figures indicated 471.3 million notes worth more than $22.3 billion were manufactured.
While September ranked only as sixth busiest month this year for the Bureau of Engraving and Printing, it made the top spot for the highest total value of bills produced during a month.
2010 Monthly Banknote Totals
# Notes (in millions) |
Total Value (in billions) |
|
January | 487.000 | $14.100 |
February | 504.476 | $14.098 |
March | 605.952 | $22.138 |
April | 519.136 | $21.735 |
May | 551.680 | $24.266 |
June | 547.840 | $22.275 |
July | 447.872 | $21.325 |
August | 471.360 | $22.394 |
September | 496.640 | $29.677 |
The large value increase was achieved due an enormous run of $100s. More than 25.2 million were produced in September versus August. The BEP did print fewer $1s and $20s, to the tune of 37.7 million and 16.3 million, respectively.
September 2010 BEP Money Production
Facility at Washington, DC
Facility at Fort Worth, TX
The BEP also produced a number of $1, $10, $20 and $100 star notes, as depicted by the "*" reference in the above images. Star notes are replacements for misprinted notes or certain serial numbers, like 000 000 000. As they are rarer, money collectors generally find them more desirable.
Bills by Denomination, Volume and Value
September 2010
Denomination | Total Printed | Total Value |
$1.00 | 77,440,000 | 77,440,000 |
$5.00 | 0 | 0 |
$10.00 | 3,200,000 | 32,000,000 |
$20.00 | 150,400,000 | 3,008,000,000 |
$50.00 | 0 | 0 |
$100.00 | 265,600,000 | 26,560,000,000 |
September 2010 Totals | 496,640,000 | 29,677,440,000 |
Spread across the 30 days in September, the BEP averaged over 16.5 million notes per day. Those bills averaged to a daily value of more than $989.24 million.
For reference, the prior month of production figures are included below:
August 2010
Denomination | Total Printed | Total Value |
$1.00 | 115,200,000 | 115,200,000 |
$5.00 | 0 | 0 |
$10.00 | 0 | 0 |
$20.00 | 166,720,000 | 3,334,400,000 |
$50.00 | 0 | 0 |
$100.00 | 189,440,000 | 18,944,000,000 |
August Totals | 471,360,000 | 22,393,600,000 |
My question is how the BEP will fix the mess with the new $100 bills. Of course it will come out of the tax payers pocket.