Cash Highlights

On June 18, Treasury Secretary Jacob J. Lew announced a redesigned $10 bill that will feature a woman. Planned for unveiling in 2020, the new note is set to celebrate the 100th anniversary of the 19th Amendment, which gave women the right to vote. Who would you like to see on the redesigned note? Let the Treasury know using #TheNew10 on Twitter, Facebook, and Instagram.

Once printed by the Bureau of Engraving and Printing, new Federal Reserve notes make their way to the public through the 12 Federal Reserve Banks and their network of cash operations. Learn how by watching the latest video on the website.

Did you know that consumers who generally prefer debit or credit cards are 49 percent likely to use cash for purchases less than $20? View the infographic based on a working paper by the Federal Reserve Bank of San Francisco’s Cash Product Office.


With the increase in electronic payments, it has been difficult to determine how personal preferences impact the demand for cash as a payment instrument. By analyzing data on demographics and stated payment preferences, this FedNotes paper provides evidence on the determinants of cash usage for small value payments, and particularly how consumers’ stated payment instrument preference and the amount of the purchase affect their propensity to use cash.