Been awhile since I looked it up.
You are correct about the US Mint. It mints coins.
But the FRB does not print anything.
The Bureau of Engraving and Printing prints the currency known as "Federal Reserve Notes."
Both the Mint and the BEP are agencies within the US Department of Treasury.
https://en.wikipedia.org/wiki/United_States_Department_of_the_Treasury#Structure
BTW ... I have heard (but not had time to really reasearch) that these two offices are NOT the same office:
- Secretary of the Treasury
- Treasury Secretary
Supposedly, they are two different offices, which is why both have signatures on each FRN (must have two parties to a contract).
One of them (forget which) is also an official of the IMF, and automatically loses US citizenship upon accepting the office.
But as I said ... not had a chance to research it.
If anyone has info ... let us know.
Been awhile since I looked it up.
You are correct about the US Mint. It mints coins.
But the FRB does not print anything.
The Bureau of Engraving and Printing prints the currency known as "Federal Reserve Notes."
Both the Mint and the BEP are agencies within the US Department of Treasury.
https://en.wikipedia.org/wiki/United_States_Department_of_the_Treasury#Structure
BTW ... I have heard (but not had time to really reasearch) that these two offices are NOT the same office:
- Secretary of the Treasury
- Treasury Secretary
Supposedly, they are two different offices, which is why both have signatures on each FRN (must have two parties to a contract).
One of them (forget which) is also an official of the IMF, and automatically loses US citizenship upon accpeting the office.
But as I said ... not had a chance to research it.
If anyone has info ... let us know.
Been awhile since I looked it up.
You are correct about the US Mint. It mints coins.
But the FRB does not print anything.
The Bureau of Engraving and Printing prints the currency known as "Federal Reserve Notes."
Both the Mint and the BEP are agencies within the US Department of Treasury.
https://en.wikipedia.org/wiki/United_States_Department_of_the_Treasury#Structure
BTW ... I haver heard (but not had time to really reasearch) that these two offices are NOT the same office:
- Secretary of the Treasury
- Treasury Secretary
Supposedly, they are two different offices, which is why both have signatures on each FRN (must have two parties to a contract).
One of them (forget which) is also an official of the IMF, and automatically loses US citizenship upon accpeting the office.
But as I said ... not had a chance to research it.
If anyone has info ... let us know.