President Obama has appointed Rosa "Rosie" Gumataotao Rios, as treasurer of the United States. The only NON-Latina to hold the position in the last quarter century was Mary Ellen Withrow, who served in the last half of the Clinton administration. Also, there hasn't been a man in the position since 1949, a full sixty years.
Cool.... That is because women are much better with Money than men....all of us here are proof of that!! RickieB
awsome .. a new series to look out for... looks like i better start getting to the bank once again pulling notes out form my collection
Don't hold your breath for the new series, though. First the Senate will have to confirm the Rios nomination, which could take months if they're slow about it. Then once she's in office, it'll take the BEP about three months to produce new printing plates with her signature and get the first print run of the new series through the whole production process. And then after that it might take another month or two for the new notes to filter through the Federal Reserve and the banking system into circulation--and in some areas of the country it'll likely take a good bit longer than that. All told, I'd say it's likely to be pretty near the end of the year before we start to see Series 2009 notes in our wallets....
Not sure if new $2's are on the way... but the most recent series of them was 2003A (printed since 2006). They might not need any new ones yet; $2's aren't in demand as much so they skip series quite often. Don't think it will be much trouble getting Rios confirmed... the treasurer is a rather minor position so it's not like they'll be a political fight over it or not. However the fact that it's a minor position means the confirmation process might get delayed for the sake of more urgent matters (like the confirmation hearings for the new Supreme Court justice for example... more urgent and you can expect a longer fight over it). Then of course they have to make the plates, print the money, distribute it, etc... Realistically you probably won't see Series 2009 bills until 9 months to a year from now at the earliest.
For as much as I see $2's in circulation I'm surprised that the most recent series aren't the 1953 US Notes.
Troodon is right. While it is true that it typically takes 3 months for notes with a new signature to be printed, the past couple of series have broken that trend. Take for example Paulson and series 2006. Paulson was confirmed in July of 2006 but the first $1 bills weren't printed until March 2007 and the first $5 bills weren't printed until May 2007. That's 8 and 10 months from confirmation until actual printing! What this means if you are interested though are high-block letters. $1 H-D bills have recently been printed, a block not seen since series 1995. I am going to break from the T or U estimate from Numbers and will say that the highest block letter for 2006 will top out at L-W, such high letters have not been printed since series 1999. Of course if the BEP goes wild with San Francisco printings, X or Y blocks wouldn't be out of the question which is the highest that they can go. Only time will tell.
LOL I call that focus. Keeps me from trying to get everything. If you lived within a 100 miles of me you would! I make as many transactions with cash as I can. Even paid the $700 gas bill with 2's. :mouth:
Or a new Secretary! Dimon seen as successor to Geithner: report Mon Nov 23, 2009 4:52am EST (Reuters) - Several U.S. policy makers consider JPMorgan Chase & Co Chief Executive Jamie Dimon as a potential successor to U.S. Treasury Secretary Timothy Geithner, the New York Post said, citing sources. Dimon "would love to serve his country," the paper quoted people familiar with his thinking as saying. JPMorgan could not be immediately reached for comment by Reuters outside regular U.S. business hours. Geithner endured a grilling last week before the U.S. Congress over his role in the rescue of American International Group Inc in 2008, when he was president of the New York Federal Reserve Bank.
They removed a post I did for being too "political"....there were the "Barr notes" which were printed on one press, and in a hurry, because Barr was secretary of the treasury for about six weeks in 1968-69. The Treasurer's post had been vacant since 1966.
I hope my post isn't categorized as "political" -- I just reported the news I happened to see this afternoon since it may be relevant to when we see the next Series.
I doubt it'll affect *when* the next series comes out--the BEP has presumably been working on creating Rios-Geithner master plates ever since Rios was sworn in, and so that series will go into production on schedule even if Geithner's no longer around by then. But if Geithner were to leave office in the near future, the Series 2009 notes with his signature might not be in production for very long, and might not be printed for very many denominations. Sure, but 2006 $20's were printed in November 2006, three-and-a-half to four months after Paulson was sworn in. A new series is typically phased in on one denomination at a time, with a month or two passing between denominations. So the pace of the introduction of Series 2006 was really pretty typical; the only oddity was that the $1 came rather late in the cycle, instead of its more usual position at the head of the line: $20: November 2006 $50: December 2006 $100: January 2007 $1: March 2007 $5: May 2007 $10: September 2007 $2: looks like never From that list it *does* seem that the $10 was oddly delayed, but that only happened because no $10's were printed at all between October 2006 and September 2007.... The same sort of effect is likely to happen in Series 2009 as well: Assuming that the BEP still plans to print only $1's, $20's, and $100's in this fiscal year, as we heard back in January, it won't be possible for Series 2009 $2's, $5's, $10's, or $50's to be printed before October 2010. In particular, if Geithner doesn't last at least another eight-nine months, his signature will probably never appear on those four denominations. So, here's my vaguely educated guess on the Series 2009 first printings: $1: November-December 2009 $20: January-February 2010 $100: February-March 2010 $2, $5, $10, $50: late 2010 - early 2011 if Geithner's still around If the BEP decides to do the high-denomination bills before the $1 again, then it might be the $1 that doesn't make the changeover until March or so. But I very much doubt that it'd go longer than that.... Also, the $100 is due to get Kodachromed at some point in the (hopefully) near future, which might affect the schedule in some fashion--the BEP might decide not to change the $100's signatures until the new design is ready to go, for example, if it's only one or two months extra to wait.
Never say never on the colourized $100, I mean, look what they did with the colourized $5 in 2006, with a older version and a new colourized version - same date!
