Revised 2014 Currency Print Orders

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

Appendix

Chart 1
Historical FY Print Orders

Accessible Version

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Last Update: October 19, 2016