 The
Federal Reserve turns its earnings
over (after paying its expenses) to
the U.S. Treasury. About 95 percent
of the Reserve Banks' net earnings
has been paid into the Treasury since
the Federal Reserve System began in
1914.
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Checks
move through the Dallas Fed's imaging equipment
at 20 miles per hour. That's faster than you
can blink! |
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| The southern
portions of Oklahoma and Arizona were once
part of the Eleventh Federal Reserve District. |
 |
| The
Eleventh Federal Reserve District, which
includes Texas, northern Louisiana and southern
New Mexico, encompasses approximately 350,000
square miles. |
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|
|
Alan Greenspan
became chairman of the Federal Reserve Board
of Governors in 1987. Originally appointed
by President Reagan, Mr. Greenspan was nominated
to a fourth four-year term in 2000. |
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|
The 1792 law that
established the U.S. Mint made coin defacement,
counterfeiting and embezzlement by Mint
employees punishable by death. |
 |
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|  Check
clearing, before the Fed, was a time-consuming,
costly process. One check drawn on a bank
in Sag Harbor, New York, and deposited in
Hoboken, New Jersey—93 miles away—traveled
for 10 days, covering 1,223 miles and passing
through 10 banks, before it cleared.
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|
Average
life span of a currency note: |
|
$100
$50
$20
$10
$5
$1 |
–
–
–
–
–
– |
9 years
9 years
4 years
3 years
2 years
1.5 years |
 |
|
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|
By the
end of the Civil War, between one-third and
one-half of all U.S. paper currency in circulation
was counterfeit. |
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|
If
you had $10 billion and you spent it at
a rate of $1 per second, it would take you
317 years to go broke. |
 |
|
 |
The
largest note ever printed by the Bureau
of Engraving and Printing was the $100,000
Gold Certificate, Series 1934. Today the
largest bill the BEP prints is $100. |
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