Did You Know...?
- The Secret Service was established in 1865 as a bureau of the U.S. Treasury for the purpose of deterring counterfeiters.
- In 2003, the Secret Service was integrated into the Department of Homeland Security.
- There is approximately $1.38 trillion of U.S. currency in circulation throughout the world.
- Up to two-thirds of all U.S. currency ends up outside of the United States.
- It costs just over $0.12 to print each $100 bill.
- It would take about 4,000 double folds (forward and back) before a Federal Reserve note would tear.
- The largest note ever printed by the Bureau of Engraving and Printing was the $100,000 Gold Certificate, Series 1934, for use only by Federal Reserve Banks.
- In 1929, the first major redesign of U.S. currency took place to standardize the size and design.
- The security thread and microprinting were added to the design of U.S. bills in 1990.
- The Money Museum hosted about 48,000 visitors in 2015.
- Over 8,000 people visited the Money Museum over one weekend in 2015 as part of the Open House Chicago event.
- Every day the Chicago Fed and the Detroit Branch shred about $28 million in worn out currency, for a total of nearly $7 billion in 2016.
- The Chicago Fed counted about $43 billion in currency in 2016.
- Each year the Money Museum gives away approximately $36.4 million in shredded money as souvenirs.
- The Chicago Fed found about 51 counterfeit bills each day as of 2016.
- The Grand Watermelon is a $1,000 bill from 1890 on display in the Money Museum with a collectible value of over $3 million!
- Total number of bank holding companies and state member banks supervised in 2016 is 899, which is the greatest number in any single Federal Reserve District.
- The total number of depository institutions in Seventh District in 2016 is 1,778. This includes banks, savings and loans institutions, credit unions and others; some of these are not regulated by this bank.
Sources: Federal Reserve Board; U.S. Department of the Treasury, Bureau of Engraving and Printing; newmoney.gov; Robert Young, 1998, Money (Household History), Minneapolis: Carolhoda Books, Inc.