NYT: “Treasury Slows Its Presses”

Appelbaum, Binyamin. “As Plastic Reigns, the Treasury Slows its Printing Presses.” New York Times. 6 July 2011. The number of dollar bills rolling off the great government presses in Washington and in Fort Worth fell to a modern low in the last fiscal year. Production of $5 bills also dropped to the lowest level in 30 years. … Continue reading

GAO Reports on $1 Coin vs $1 Note

I just read both the 2011 GAO Report on the dollar coin (“US Coins: Replacing the $1 Note With a $1 Coin Would Provide a Financial Benefit to the Government”) and its 2012 followup, “US Coins: Alternative Scenarios Suggest Different Benefits and Losses from Replacing the $1 Note with a $1 Coin.” I’m not going … Continue reading

GAO Report 1998: Who takes care of currency?

From the 1998 GAO report (“Meaningful Competition Unlikely Under Current Conditions”), a nice breakdown of the different institutions involved in the production and security of United States Banknotes. Bureau of Engraving and Printing BEP, a bureau of the Department of the Treasury, buys currency paper from the private sector and prints the nation’s currency at … Continue reading

Dept. of the Treasury vs The Fed

Dept. of the Treasury The Department of the Treasury is an executive department and the treasury of the United States federal government. The Treasury prints and mints all paper currency and coins in circulation through the Bureau of Engraving and Printing and the United States Mint. The Department also collects all federal taxes through the … Continue reading