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<p>[QUOTE=&quot;Conder101, post: 3524564, member: 66&quot;]That is correct.</p><p><br /></p><p>The BEP prints the notes but they are just so much paper until the Federal Reserve purchases them at face value.&nbsp; At that point the seigniorage profit is entered into the general fund.&nbsp; Then when they issue them they become an obligation of the Federal Reserve not the US Government.&nbsp; Coins on the other hand are considered money from the moment they are struck.&nbsp; Seigniorage profit is credited to the general fund and even if the coins are just placed in storage they are considered an asset and obligation of the United States.[/QUOTE]</p><p><br /></p>

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