Ferguson, assistant director of research and development at the Bureau of Engraving and Printing
. In fact, "an awful lot of people don't know about the [deterrent] features already in the bill-most of us have never gotten a counterfeit.
* The Bureau of Engraving and Printing
redeems partially destroyed or badly damaged currency as a free public service.
The new $50 note was unveiled at the Bureau of Engraving and Printing
's Western Currency Facility (WCF) in Fort Worth, Texas, and the occasion also marked the grand opening of the WCF's new Visitor Center.
Further information can be obtained from Cynthia Duncan, Supervisory Contract Specialist at the Department of the Treasury, Bureau of Engraving and Printing
(BEP), Office of Procurement, 14th & C Streets, S.W., Washington, DC, 20228, USA.
"The objective of the new currency program is a safer, smarter, and more secure currency and its smooth transition into daily commerce," said Tom Ferguson, Director of the Treasury's Bureau of Engraving and Printing
The Bureau of Engraving and Printing
plans to issue a solicitation for operation and maintenance services at the Western Currency Facility in Fort Worth, TX.
Treasury Department's Bureau of Engraving and Printing
, joined Michael Lambert, financial services manager of the Federal Reserve Board, to mark this historic milestone.
Treasurer Rosario Marin; Tom Ferguson, Director of the Treasury's Bureau of Engraving and Printing
, which produces U.S.
currency every seven to ten years, the Department of the Treasury's Bureau of Engraving and Printing
(Bureau) and the Federal Reserve Board announced on June 20, 2002, plans to release the next generation of redesigned notes, with improved security features to deter counterfeiting.
Each year the Federal Reserve Board determines the need for new currency and submits an order to the Treasury's Bureau of Engraving and Printing
My statement will address three matters: our view of the quality and quantity of $50 notes currently being produced by the Bureau of Engraving and Printing
, the options we are looking into for handling the imperfect notes, and steps we are taking jointly with the Bureau of Engraving and Printing
to better ensure that we are both satisfied with notes produced by the Bureau in the future.
In addition, the production cost for higher-denomination notes would rise because fixed costs at the Bureau of Engraving and Printing
would be spread over a smaller production volume.