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Thursday, September 12, 2013

Bureau of Engraving & Printing

This ATM gives out $100,000 notes!!
The Bureau of Engraving & Printing (BEP) is responsible for the design, engraving and printing of US paper currency.  When the BEP started in 1862, it was just six people who separated/sealed notes by hand in the basement of the Treasury building. The BEP moved to its present DC site in 1914. The Fort Worth, TX facility was created in 1991 to meet increased $ production demands.
  • FY12 BEP delivered ~35M notes a day with a face value of ~$1.5B.
  • FY12 BEP delivered ~8.4B notes at an average cost of 8.7 cents per note.
  • Between TX & DC facilities ~11.1 tons of ink per day were used during FY12. 
  • Over 90% of the notes BEP delivers each year are replace notes in circulation.


http://moneyfactory.gov/uscurrency/largedenominations.html
The largest note ever printed by the BEP was the $100,000 Gold Certificate, Series 1934. These notes were printed from Dec 18, 1934 through Jan 9, 1935 and were issued by the Treasurer of the US to Federal Reserve Banks (FRB) only against an equal amount of gold bullion held by the Treasury. These notes were used for transactions between FRBs and were not circulated among the general public.


"How Tall Are You in $100 Notes"
(233 Notes = 1in; Each Note = $100; 1in = $23,330)
Worth $1,607,700
Worth $1,712,550
 

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