Sheet of freshly-printed $20 bills.

7.2 billion. That is how many Federal Reserve Notes the Board of Governors ordered with the Treasury’s Bureau of Engraving and Printing (BEP) in 2015. What factors influence the Board’s decision when calculating how much new U.S. currency to order every year?

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Features

Economic Letter

Did Massachusetts Health-Care Reform Affect Prices?

Posted April 20, 2015

Recent evidence shows that Massachusetts health-care reform boosted payments to physicians from private insurers by 13% relative to other areas. This began immediately before the reform became law, suggesting that insurers raised payments in anticipation of the change. Reform also may have reduced consumers’ insurance premiums.

FedViews

FedViews: April 9, 2015

Posted April 13, 2015

Mary C. Daly, senior vice president and associate director of research at the Federal Reserve Bank of San Francisco, states her views on the current economy and the outlook.

The View from Here: 
The Economic Outlook and Its Implications for Monetary Policy

The View from Here: 
The Economic Outlook and Its Implications for Monetary Policy

Posted March 23, 2015

Presentation to Australian Business Economists

San Francisco, CA

Beige Book

Posted April 15, 2015

Summary of Commentary on Current Economic Conditions by Federal Reserve District

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American Currency Exhibit

Our district houses one of the most significant currency exhibits in the world.