Revised 2014 Currency Print Order
On July 22, 2014, the Board approved a revision to its FY 2014 order. The revised order reflects a reduction in the order for $2 and $100 notes and includes a total of 6.0 billion Federal Reserve notes valued at $121.7 billion. The reduction in the order for $2 notes allows the BEP to fix a minor production problem and the reduction in the order for $100 notes aligns BEP production with demand. Our issuance plan for the new-design $100 note was based on an aggressive replacement approach so that we ordered more $100 notes in FY 2014 than we anticipated we would need to ensure sufficient inventories following issuance. This reduction, therefore, does not indicate that demand for $100 notes has declined, but reflects the surplus of inventory that Reserve Banks are working through following issuance of the new-design $100 note on October 8, 2013.
| Denomination | Original Number of Notes (000s of pieces) |
Revised Number of Notes (000s of dollars) |
Difference (000s of dollars) |
|---|---|---|---|
| $1 | 2,278,400 | 2,278,400 | 0 |
| $2 | 44,800 | 32,000 | -12,800 |
| $5 | 563,200 | 563,200 | 0 |
| $10 | 486,400 | 486,400 | 0 |
| $20 | 1,785,600 | 1,785,600 | 0 |
| $50 | 220,800 | 220,800 | 0 |
| $100 | 2,400,000 | 649,600 | -1,750,400 |
| Total | 7,779,200 | 6,016,000 | -1,763,200 |
