Federal Reserve notes of 2021 Series heading to circulation
- Published: May 8, 2023, 8 AM
Series 2021 Federal Reserve notes may be coming soon to a bank near you, particularly if you are in the Boston, New York, Cleveland, Chicago, or San Francisco Federal Reserve district.
The pictures of Treasury Secretary Janet Yellen and Treasurer Lynn Malerba at the Bureau of Engraving and Printing facility in Fort Worth, Texas, last December were not just a photo op. By the end of that month 108,800,000 Series 2021 notes had been printed and made ready for delivery to Federal Reserve Banks, after which they were to be distributed to commercial banks based on supply and demand.
The Bureau of Engraving and Printing’s monthly production reports from December 2022 through March 2023 show that most bills being printed are still Series 2017A notes, but the new 2021 series, the first to have the signatures of two women, are slowly making their way into the monetary system.
Until March, most printing of the new series was at the Western BEP facility in Fort Worth. The only $5 notes so far, 25,600,000 notes for the Boston bank and 57,600,000 for San Francisco, were made there in December. The serial number for both these notes starts with the series letter “Q” followed by “A” for Boston and “L” for San Francisco. Since the 1996 series, all notes except the $1 and $2 notes have two letters, not one, at the beginning of the serial number. The first, in this case Q for 2021, corresponds to the series of the note. The second letter continues to signify the issuing Federal Reserve Bank and ranges from A through L.
All other Series 2021 notes listed in the BEP reports are $1 bills, as follows, identified by district and amount printed:
Month BEP Facility District Amount printed
December 2022 Fort Worth New York 25,600,000
January 2023 Fort Worth Boston 38,400,000
Fort Worth New York 38,400,000
February 2023 Fort Worth Boston 32,000,000
Fort Worth New York 32,000,000
March 2023 Washington Chicago 38,400,000
Washington Chicago Star 3,200,000
Fort Worth Boston 57,600,000
Fort Worth Boston Star 640,000
Fort Worth New York 57,600,000
Fort Worth Cleveland 6,400,000
Fort Worth San Francisco 25,600,000
It may take weeks or months for the Series 2021 notes to be found in circulation nationwide.
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