Does the Fed Print Money?
Michael Lambert, associate director for the U.S. Currency Program at the Federal Reserve Board, discusses who prints U.S. currency.
Michael Lambert, associate director for the U.S. Currency Program at the Federal Reserve Board, discusses who prints U.S. currency.
Michael Lambert, associate director for the U.S. Currency Program at the Federal Reserve Board, discusses how U.S. currency gets into circulation.
Michael Lambert, associate director for the U.S. Currency Program at the Federal Reserve Board, discusses how the annual order for new currency is determined.
Get a brief overview of U.S. currency, including the denominations and series in circulation, as well as the design process.
A security thread and microprinting are introduced in Federal Reserve notes to deter counterfeiting by copiers and printers. The features first appear in Series 1990 $100 notes. By Series 1993, the features appeared on all denominations except $1 and $2 notes.
Because United States notes no longer served any function not already adequately met by Federal Reserve notes, their issuance was discontinued and, beginning in 1971, no new United States notes were placed into circulation.