Currency Print Orders

2022 Federal Reserve Note Print Order

The Board of Governors, as the issuing dominance for Federal Reserve notes, approved and submitted its financial year (FY) 2022 print club to the U.South. Treasury Section's Agency of Engraving and Printing (BEP) on July 30, 2021.1 The FY 2022 impress club is heavily influenced past the COVID-19 pandemic as the Federal Reserve continues to experience unprecedented demand for currency. To better address possible shifts in note demand and note production due to the pandemic, the FY 2022 print order is summarized below equally a range by denomination. During FY 2022, Board and BEP staff will conform production of each denomination within these ranges to best lucifer bachelor product with demand throughout the twelvemonth.

The print order reflects the Board's estimate of cyberspace demand for currency from domestic and international customers during FY 2022. It is adamant by several factors, including forecasted currency inventory volumes, destruction rates of unfit notes, trends in net payments, and other operational impacts.2 The table below reflects the denominational breakdown of the Board'due south FY 2022 impress order and the range of notes planned for each denomination.

FY 2022 Federal Reserve Note Print Order
Denomination Impress Order (000s of pieces) Dollar value (000s)
$1 800,000 to 2,297,600 $800,000 to $2,297,600
$2 102,400 to 204,800 $204,800 to $409,600
$v 403,200 to 601,600 $two,016,000 to $three,008,000
$x 256,000 to 601,600 $two,560,000 to $6,016,000
$twenty 2,361,600 to 2,598,400 $47,232,000 to $51,968,000
$50 752,000 to 851,200 $37,600,000 to $42,560,000
$100 two,201,600 to 2,499,200 $220,160,000 to $249,920,000
Total six,876,800 to 9,654,400 $310,572,800 to $356,179,200

The FY 2022 print guild ranges from half dozen.9 billion notes to 9.vii billion notes. The lower range of the order is a subtract of about 0.1 billion notes, or 1.6 percent, from the BEP's final delivery of 7.0 billion notes in FY 2021. The upper range of the order is an increase of about 2.seven billion notes, or 32.1 per centum, of the FY 2021 final delivery.

Currency in apportionment, a direct measure of demand for Federal Reserve notes, increased by four.0 billion notes or $212.eight billion dollars betwixt June 2020 and June 2021. In contrast, during the same flow the previous year, currency in circulation increased past 5.1 billion notes, or $226.iii billion dollars.

Appendix

Chart 1
Historical FY Print Orders


Accessible Version

Note: The 2022 bar represents the number of banknotes the BEP has committed to delivering in the fiscal year.

Footnotes

Dorsum to Meridian

Final Update: December sixteen, 2021