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US notes in circulation increased by 6.2% in value in 2015 - Federal Reserve System Annual Report

by Guillaume Lepecq | Jun 01, 2016
FED_report_2016_borderThe US Federal Reserve has released its 102nd Annual Report for the year 2015.

The report includes some interesting statistics on currency and coin (p. 96).

  • The value of notes in circulation increased by nearly 6.2% in 2015 to $ 1,380 billion
  • Demand for $100 notes grew by 6.7%
  • Demand for $1 and $20 grew by 4.2%
  • The Bureau of Engraving and Printing (BEP) produced 7.1 billion notes
  • The Board of the Federal Reserve paid the BEP $637.3 million for production costs.
The report also mentions that in 2016, the Federal Reserve will pursue the deployment of a new cash automation platform - CashForward - that will replace legacy software, to better meet the cash industry's needs and facilitate business continuity and contingency planning.

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