Who Prints our Federal Reserve Notes?


The United States Treasury Prints ALL Legal Tender Notes that we call money; BUT - The Federal Reserve Notes are printed as “ordered” by the Federal Reserve System:

How Much does the Federal Reserve Pay for the Federal Reserve Notes? The Federal Reserve Banks PAY for the notes at the cost of production:




Cost of Production

$1 and $2

5.5 cents per note


10.9 cents per note


9.9 cents per note

$20 and $50

10.6 cents per note


14.3 cents per note


Source, US Treasury


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