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Today all US paper money is issued under the authority of the Federal Reserve System, which is the US central bank. The Federal Reserve System operates 12 regional district banks, each of which is responsible for providing currency to private banks in its region, among many other economic duties.

As economic demand warrants, each district requests bills for its operations. The district banks don't actually print the money though - all bills are printed by the Bureau of Engraving and Printing at facilities in Washington and Fort Worth. Bills are then shipped to the district bank which distributes them to the rest of the banking system.

If you look at a bill you can tell which district ordered and distributed it. Each district has an identifying letter and number. For example, Boston is A/1, New York is B/2, Dallas is K/11, etc. $1 and $2 bills have the district letter in a circular seal and as the first character in the serial number; the district number is printed in each corner of the white area of the bill. On higher-value bills the letter is the second character of the serial number, and the letter and district number are repeated in one corner of the open area of the design.

What about the Mint?A lot of people believe that the US Mint makes paper money but that's not true. The Mint only makes coins. It's completely separate from the BEP.
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12y ago
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7y ago

The Bureau of Printing and Engraving.

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Q: Who issues U.S paper currency?
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