How much coin and currency is in circulation? How are coins and currency put into circulation?ĭepository institutions get coins and currency from their Reserve Banks. They store coin in their vaults and at coin terminals operated by armored carriers. Reserve Banks submit monthly coin orders and 12-month rolling coin-order forecast. The United States Mint makes coin at its production facilities in Philadelphia and Denver. There is more than $1 trillion worth of Fed notes in circulation. The Fed pays for the cost of printing new currency and moving it from the BEP facilities in Washington, D.C., and Fort Worth, Texas, to Reserve Bank cash offices.

Each year, the Board of Governor’s submits a print order based on their assessment of the growth rates for payments of currency to and receipts of currency from circulation. Treasury’s Bureau of Engraving and Printing (BEP) prints currency. With 28 cash offices nationwide, the Fed services approximately 8,400 banks, savings and loans, and credit unions. Reserve Banks distribute, receive and process Fed notes, and distribute and receive coin through depository institutions. Treasury’s Bureau of Engraving and Printing prints currency. Does the Fed print bank notes or mint coins?

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