Which denominations of currency does the Federal Reserve issue? (2024)

FAQs

Which denominations of currency does the Federal Reserve issue? ›

Which denominations of currency does the Federal Reserve issue? The Federal Reserve Board currently issues $1, $2

American paper currency comes in seven denominations: $1, $2, $5, $10, $20, $50, and $100. The United States no longer issues bills in larger denominations, such as $500, $1,000, $5,000, and $10,000 bills.

The $100 bill is far and away the most common U.S. paper currency, dwarfing even the $1 bill. The number of bills bearing Benjamin Franklin's mug more than doubled between 2012 and 2022, faster growth than any other denomination, according to the most recent Federal Reserve data.

A Federal Reserve note is a term to describe the paper demand liabilities of the Federal Reserve, commonly referred to as "dollar bills," which circulate in the U.S. as legal tender. For practical purposes, the Federal Reserve note is the monetary unit of the U.S. economy.

To replace destroyed notes and to accommodate the growing demand for U.S. currency domestically and abroad, the Federal Reserve Banks issue newly printed currency each year. The U.S. Bureau of Engraving and Printing (BEP) (Off-site) prints new currency in its Washington, D.C. and Ft.

On July 14, 1969, the Department of the Treasury and the Federal Reserve System announced that currency notes in denominations of $500, $1,000, $5,000, and $10,000 would be discontinued immediately due to lack of use. Although they were issued until 1969, they were last printed in 1945.

The $10,000 bill featuring the portrait of President Lincoln's Secretary of the Treasury, Salmon P. Chase, was the highest denomination US currency ever to publicly circulate.

The world's highest denomination note is Hungary 100 Million B-Pengo (American 100 Quintillion Pengo)*, issued in 1946. That's 100,000,000,000,000,000,000 Pengo.

The $500 was officially discontinued by the U.S. Congress in 1969, although the Bureau of Engraving and Printing (BEP) has not printed one since 1945.

How much money is on a pallet of 100 dollar bills? ›

As an illustration, imagine you had $100 bills. A $10,000 stack of $100 bills would measure about one-half an inch thick. A pile of $100 bills totaling $1 million dollars would fit inside a standard school backpack, while $100 million would fit on a standard construction pallet.

Unless it has a unique feature, like a low serial number or misprint, a newer $2 bill likely isn't worth much more than $2, even if it's uncirculated.

No you cannot obtain a one thousand US dollar currency note or bill from any bank. This because the US government had terminated circulation of them in the late 1960's. They are still legal tender and all banks will accept one when it is presented to them. However, you can still purchase such a bill from other sources.

The $500 was officially discontinued by the U.S. Congress in 1969, although the Bureau of Engraving and Printing (BEP) has not printed one since 1945. While it is still a legal tender, a $500 bill could be worth much more than its face value. Today, they are mainly in the collections of numismatists or investors.

Issued 1963 - Present

The first $1 Federal Reserve notes were issued in 1963.

The notes were first issued in fiscal year 1916. One of the primary purposes of the Federal Reserve System, established in late 1913, was to eliminate the system of National Bank Notes and to replace it with a centrally controlled system of Federal Reserve Notes.