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<p>[QUOTE="lettow, post: 1992308, member: 6986"]The only reason that the $2.00 FRN is still printed is because the Federal Reserve asks for them to be printed.</p><p><br /></p><p>The BEP and the US Treasury do not print Federal Reserve Notes on their own. They only print what is ordered by the FED. If the FED did not ask for $2.00 notes, they would not be printed.</p><p><br /></p><p>Printing Federal Reserve Notes does not cost the taxpayer directly. The Federal Reserve System is a customer of the BEP. They place printing orders and those orders are paid for by the FED. The printed notes are not sold to the FED at face value but are paid for based on a contract price negotiated by the FED. The FED budgeted in excess of $800,000,000.00 for printing from the BEP for FY2014. None of the direct cost of printing Federal Reserve Notes is attributable to the appropriations made by Congress for the BEP.[/QUOTE]</p><p><br /></p>
[QUOTE="lettow, post: 1992308, member: 6986"]The only reason that the $2.00 FRN is still printed is because the Federal Reserve asks for them to be printed. The BEP and the US Treasury do not print Federal Reserve Notes on their own. They only print what is ordered by the FED. If the FED did not ask for $2.00 notes, they would not be printed. Printing Federal Reserve Notes does not cost the taxpayer directly. The Federal Reserve System is a customer of the BEP. They place printing orders and those orders are paid for by the FED. The printed notes are not sold to the FED at face value but are paid for based on a contract price negotiated by the FED. The FED budgeted in excess of $800,000,000.00 for printing from the BEP for FY2014. None of the direct cost of printing Federal Reserve Notes is attributable to the appropriations made by Congress for the BEP.[/QUOTE]
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