Bureau of Engraving and PrintingLast week, the Bureau of Engraving and Printing announced that the Federal Reserve had ordered the printing of 7.2 million Federal Reserve Notes for Fiscal Year 2015. This represents over $188 billion in currency.

According to the Federal Reserve, the number of notes they order depends on the predicted growth in demand and the predicted number of notes that have to be destroyed because they are not usable any more. Both growth and demand are predicted to include world-wide usage of the United States Federal Reserve Note as it is the standard currency for many transaction. In addition to the demand and destruction is the predicted replacement of the old $100 Federal Reserve Note with the new note that has more advanced currency features. While the Federal Reserve will not recall the old $100 notes, they are removing them from circulation as they arrive back into the Federal Reserve system.

The following table is how the Federal Reserve says they broke down their order for 2015:

Denomination Number of Notes Dollar Value
$1 2,451,200,000 $2,451,200,000
$2 32,000,000 $64,000,000
$5 755,200,000 $3,776,000,000
$10 627,200,000 $6,272,000,000
$20 1,868,800,000 $37,376,000,000
$50 220,800,000 $11,040,000,000
$100 1,276,800,000 $127,680,000,000
Total 7,232,000,000 $188,659,200,000

Included with the order are the notes that the Bureau of Engraving and Printing will sell to collectors. These are the same notes that collectors can purchase online at moneyfactorystore.gov and when the Bureau of Engraving and Printing attends shows.

As part of the announcement, the Federal Reserve released a video explaining how they decide the amount of currency to order.

[videojs mp4=”http://coinsblog.ws/library/videos/Question_4_FAQ_Video.mp4″ ogg=”http://coinsblog.ws/library/videos/Question_4_FAQ_Video.ogg” poster=”http://coinsblog.ws/library/videos/Question_4_FAQ_Video.jpg”]
Video courtesy of the Federal Reserve and the Bureau of Engraving and Printing

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