The US Federal Reserve has released its 102nd Annual Report for the year 2015.
The report includes some interesting statistics on currency and coin (p. 96).
- The value of notes in circulation increased by nearly 6.2% in 2015 to $ 1,380 billion
- Demand for $100 notes grew by 6.7%
- Demand for $1 and $20 grew by 4.2%
- The Bureau of Engraving and Printing (BEP) produced 7.1 billion notes
- The Board of the Federal Reserve paid the BEP $637.3 million for production costs.
The report also mentions that in 2016, the Federal Reserve will pursue the deployment of a new cash automation platform – CashForward – that will replace legacy software, to better meet the cash industry’s needs and facilitate business continuity and contingency planning.