Bureau of Engraving and Printing

Infobox Government agency
agency_name = Bureau of Engraving and Printing

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seal_width = 140px
seal_caption =
formed = August 29, 1862 [http://www.treasury.gov/offices/treasurer/bep-overview.shtml]
headquarters = Washington, D.C.
employees = 2,169 (2006)
budget =
chief1_name = Larry R. Felix
chief1_position = Director
parent_agency = Department of the Treasury
website = [http://www.moneyfactory.gov www.moneyfactory.gov]
footnotes =The Bureau of Engraving and Printing (B.E.P.) is a government agency within the United States Department of the Treasury that designs and produces a variety of security products for the United States Government, most notable of which is paper currency for the Federal Reserve. In addition to paper currency, the B.E.P. produces Treasury securities; military commissions and award certificates; invitations and admission cards; and many different types of identification cards, forms, and other special security documents for a variety of Government agencies. The B.E.P. does not produce coins; all coinage is produced by the United States Mint. With production facilities in Washington, DC, and Fort Worth, Texas, the Bureau of Engraving and Printing is the largest producer of Government security documents in the United States. Tours are offered at both the Washington DC and the Fort Worth facility. The tour features the various steps of currency production, beginning with large, blank sheets of paper, and ending with wallet-ready bills.

History

The Bureau of Engraving and Printing has its origins in legislation enacted to help fund the Civil War. In July 1861, Congress authorized the Secretary of the Treasury to issue paper currency in lieu of coin due to the lack of funds needed to support the conflict. The paper notes were essentially Government IOUs and were called Demand Notes because they were payable “on demand” in coin at certain Treasury facilities. At this time the Government had no facility for the production of paper money so a private firm produced the Demand Notes in sheets of four. These sheets were then sent to the Treasury Department where dozens of clerks signed the notes and scores of workers cut the sheets and trimmed the notes by hand. Gradually, more and more work involving currency and Government obligations, including engraving and printing, devolved to the Treasury.

Initially, the currency processing operations in the Treasury were not formally organized. When Congress created the Office of Comptroller of the Currency and National Currency Bureau in 1863, currency-processing operations were nominally subordinated to that agency and designated the “First Division, National Currency Bureau.” For years,however, the currency operations were known by various semi-official labels, such as the “Printing Bureau,” “Small Note Bureau,” “Currency Department,” and “Small Note Room.” It was not until 1874 that the “Bureau of Engraving and Printing” was officially recognized in congressional legislation with a specific allocation of operating funds for fiscal year 1875.

From almost the very beginning of its operations, the Bureau of Engraving and Printing designed and printed a variety of products in addition to currency. As early as 1864, the offices which would later become the B.E.P. made passports for the State Department and money orders for the Post Office Department. Other early items produced by the B.E.P. included various Government debt instruments such as interest-bearing notes, refunding certificates, compound interest Treasury notes, and bonds. The production of postage stamps began in 1894, and for almost the next century the B.E.P. was the sole producer of postage stamps in the country.

Production

The Bureau of Engraving and Printing officially took over production of postage stamps for the United States Government in July 1894. Paper currency was later produced on hand presses around 1918, utilizing plates capable of printing four notes per sheet.

Postage Stamp Production

The Bureau of Engraving and Printing officially took over production of postage stamps for the United States Government in July 1894. The first of the works printed by the B.E.P. was placed on sale on July 18, 1894 and by the end of the first year of stamp production, the B.E.P. had printed and delivered more than 2.1 billion stamps.111 years of printing stamps at the B.E.P. came to an end in 2005 when all stamp production was ceased.

Currency Production

Plate capacity on power presses increased from four to eight notes per sheet in 1918 in order to meet greatly expanded production requirements related to World War I.With the dramatic redesign of currency in 1929ndash the first major change since paper currency was first issued in 1861ndash note design was not only standardized but note size was also significantly reduced. Due to this reduction in size, the Bureau was able to convert from 8-note printing plates to 12-note plates. The redesign effort came about for several reasons, chief among them a reduction in paper costs and improved counterfeit deterrence through better public recognition of currency features.A further increase in the number of notes per sheet was realized in 1952 after breakthrough developments in the production of non-offset inks. Beginning in 1943, the B.E.P. experimented with new inks that dried faster, therefore obviating the need to place tissues between sheets to prevent ink from offsetting to other sheets. The faster drying ink also enabled printed sheets of backs to be kept damp until the faces were printed, thereby reducing distortion caused by wetting, drying, and re-wetting of the paper (sheets needed to be dampened before each printing).By reducing the distortion that increases proportionally with the size of the sheet of paper, the Bureau was able to convert from 12-note printing plates to plates capable of printing 18 notes in 1952. Five years later in 1957, the Bureau began printing currency via the dry intaglio method that utilizes special paper and non-offset inks, enabling a further increase from 18 to 32 notes per sheet. Since 1968, all currency has been printed by means of the dry intaglio process, whereby wetting of the paper prior to printing is unnecessary.

Currency has since been printed primarily by the intaglio method, whereby fine-line engravings are transferred to steel plates from which an impression is made on sheets of distinctive paper. Ink is applied to the platesndash each plate containing 32 note impressionsndash and then wiped clean, leaving ink in the engraved lines. The plate is pressed against the sheet of paper with such pressure as to actually press the paper into the lines of the plate to pick up the ink. Both faces and backs are printed in this manner, the backs being produced first. After the faces are printed, the sheets are then typographically overprinted with Treasury Seals and serial numbers.

Locations

The Bureau of Engraving and Printing has two locations: one in Washington, DC, and another in Fort Worth, Texas.

District of Columbia location

The Washington D.C. facility comprises two adjacent buildings, the eldest of which is located between 14th and 15th Streets, SW. The architectural style of this, what is considered the ‘main building,’ is neoclassical. It has a steel superstructure with fireproof concrete, Indiana limestone, and granite trim exterior. The main façade of the building faces Raoul Wallenberg Place (15th St), the Tidal Basin, and the Jefferson Memorial, with stone columns spanning the 505-foot length of the building’s front. The building is 296 feet deep and 105 feet high with four wings that extend back toward 14th Street.

In May 1938, work was completed on an addition to the Washington D.C. facility to accommodate increases in personnel and production. The ‘annex building,’ as it is called, is located on 14th Street, between C and D Streets, SW, just opposite the main building. The building is 570 feet long, 285 feet wide, and made entirely of reinforced concrete with a limestone façade. The structure consists of a central “backbone” running from 14th Street to 13th Street with five wings extending north and south from the backbone.

Fort Worth location

In 1987, construction on a second facility, located in Fort Worth, Texas began. In addition to meeting increased production requirements, a western location was seen to serve as a contingency operation in case of emergencies in the DC metropolitan area; additionally, costs for transporting currency to Federal Reserve banks in San Francisco, Dallas, and Kansas City would be reduced. Currency production began in December 1990 at the Fort Worth facility, and the official dedication took place on April 26, 1991.

See also

*United States Department of the Treasury
*United States Mint
*Federal Reserve

External links

* [http://www.moneyfactory.gov/ United States Bureau of Engraving and Printing]
* [http://www.moneyfactory.gov/section.cfm/2/51 BEP Annual Production Figures]
* [http://www.bep.treas.gov/section.cfm/2/431 BEP Monthly Production Figures]
* [http://www.uspapermoney.info/ BEP production figures broken down by month, as well as some other currency-related articles]