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Annual Report to the Congress on the Presidential $1 Coin Program 2014

$1 Coin Inventories

Reserve Bank inventories of $1 coins decreased by about $50 million over the past year, to approximately $1.36 billion as of June 30, 2014 (see table).  Inventories are about $1.29 billion more than the Reserve Banks held before the start of the Presidential $1 coin program.  We believe Reserve Bank inventories will continue to decrease slowly over time.  We estimate that Reserve Banks currently hold about 30 years of $1 coin inventory, assuming continuation of current levels of demand.

Quarterly $1 Coin Inventories, Mint Orders, Receipts, & Payments
($ millions)
Quarter 1
Beginning
RB Inventory
2
Mint Orders
3
Receipts from Circulation
4
RB Payments to Circulation
5
Ending RB Inventory 1+2+3-4
Q1/2007 67 301 47 250 165
Q2/2007 165 201 69 223 212
Q3/2007 212 171 87 178 292
Q4/2007 292 144 85 153 368
Q1/2008 368 119 87 153 421
Q2/2008 421 109 82 137 475
Q3/2008 475 96 93 138 526
Q4/2008 526 104 88 138 580
Q1/2009 580 96 92 119 649
Q2/2009 649 87 88 122 702
Q3/2009 702 85 118 117 788
Q4/2009 788 77 123 110 878
Q1/2010 878 89 108 120 954
Q2/2010 954 72 92 105 1,013
Q3/2010 1,013 88 96 123 1,074
Q4/2010 1,074 96 97 130 1,137
Q1/2011 1,137 86 101 116 1,208
Q2/2011 1,208 88 101 124 1,273
Q3/2011 1,273 92 129 129 1,365
Q4/2011 1,365 95 103 143 1,420
Q1/2012 1,420 0 86 72 1,434
Q2/2012 1,434 0 58 60 1,432
Q3/2012 1,432 0 60 52 1,440
Q4/2012 1,440 0 50 62 1,428
Q1/2013 1,428 0 54 60 1,422
Q2/2013 1,422 0 53 66 1,409
Q3/2013 1,409 0 50 74 1,385
Q4/2013 1,385 0 49 55 1,379
Q1/2014 1,379 0 49 50 1,378
Q2/2014 1,378 0 50 70 1,358

Note: Reserve Bank payments to circulation do not include the $1 coins that the United States Mint has issued directly into circulation. The United States Mint has indicated that it issued directly to circulation $77 million Native American $1 coins through its Direct Ship program in 2011, and $1.4 million in 2012. The program was discontinued in early 2012. Return to table

Information on the Federal Reserve’s $1 coin inventory levels, payments to circulation, and receipts from circulation is available on the Board’s public website at http://www.federalreserve.gov/paymentsystems/coin_data.htm and is updated quarterly.

Last update: August 14, 2014

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