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<p>[QUOTE=&quot;GDJMSP, post: 370849, member: 112&quot;]I have no need to look it up, I am well aware that the Federal Reserve is not a govt. agency. But you might want to look up who prints our currency as it is NOT the Federal Reserve. The BEP prints our currency and they sell it to the Federal reserve just like the mints sells coins to the Fed. </p><p><br /></p><p><br /></p><p><br /></p><p>Yes, when the Fed turns in worn out notes or damaged coins to the mint or the BEP - they get new notes and coins back at no cost. But that&#039;s the only time they get them at no cost. </p><p><br /></p><p>They BUY the $1 notes that cost the BEP a few cents to make for $1 - just like they buy the coins that cost the mint a few cents. Both the BEP and the Mint make a profit on the notes and coins they sell.</p><p><br /></p><p>You are correct, you and I exchange a dollar for a dollar. But the Federal Reserve does not - they exchange a dollar for something cost a few cents.[/QUOTE]</p><p><br /></p>

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