U.S. Currency in Circulation
As the issuing authority of U.S. currency, the Federal Reserve Board is responsible for ensuring that there is enough cash in circulation to meet the public’s demand domestically and internationally. Prices for goods and services, income levels, and the availability of alternative payment methods tend to guide the domestic demand for cash, while political and economic uncertainties generally shape foreign demand. As much as one-half of the value of U.S. currency is estimated to be circulating abroad.
The data tables below list the value and volume of U.S. currency in circulation calculated in billions. As of December 31, 2023, there was $2,259.3 billion in circulation, totaling 54.6 billion notes in volume.
Value of Circulating Currency
Value of currency in circulation, in billions of dollars as of December 31 of each year.
| $1 | $2 | $5 | $10 | $20 | $50 | $100 | $500 to $10,000 | TOTAL | |
|---|---|---|---|---|---|---|---|---|---|
| 2023 | $14.5 | $3.2 | $17.8 | $23.7 | $224.1 | $124.5 | $1,889.4 | $0.3 | $2,297.4 |
| 2022 | $14.3 | $3.0 | $17.5 | $23.3 | $230.2 | $124.2 | $1,846.6 | $0.3 | $2,259.3 |
| 2021 | $14.0 | $2.8 | $17.1 | $23.2 | $237.9 | $122.9 | $1,769.3 | $0.3 | $2,187.5 |
| 2020 | $13.1 | $2.7 | $16.1 | $22.5 | $234.9 | $114.2 | $1,636.8 | $0.3 | $2,040.7 |
| 2019 | $12.7 | $2.7 | $15.8 | $20.9 | $190.5 | $92.3 | $1,424.7 | $0.3 | $1,759.8 |
| 2018 | $12.4 | $2.5 | $15.3 | $20.1 | $188.5 | $89.2 | $1,343.5 | $0.3 | $1,671.9 |
| 2017 | $12.1 | $2.4 | $14.8 | $19.6 | $183.8 | $86.4 | $1,251.7 | $0.3 | $1,571.1 |
| 2016 | $11.7 | $2.3 | $14.2 | $19.2 | $177.2 | $83.5 | $1,154.8 | $0.3 | $1,463.4 |
| 2015 | $11.4 | $2.3 | $13.7 | $19.0 | $171.3 | $79.8 | $1,082.2 | $0.3 | $1,380.0 |
| 2014 | $11.0 | $2.2 | $13.1 | $18.9 | $162.2 | $76.9 | $1,014.5 | $0.3 | $1,299.1 |
| 2013 | $10.6 | $2.1 | $12.7 | $18.5 | $155.0 | $74.5 | $924.7 | $0.3 | $1,198.3 |
| 2012 | $10.3 | $2.0 | $12.2 | $17.7 | $148.9 | $72.5 | $863.1 | $0.3 | $1,127.1 |
| 2011 | $10.0 | $1.9 | $11.8 | $17.2 | $141.1 | $69.6 | $782.6 | $0.3 | $1,034.5 |
| 2010 | $9.7 | $1.8 | $11.5 | $16.6 | $130.6 | $66.9 | $704.6 | $0.3 | $942.0 |
| 2009 | $9.6 | $1.7 | 11.2 | $16.2 | 127.5 | $65.3 | $656.4 | $0.3 | $888.3 |
| 2008 | $9.5 | $1.7 | $11.0 | $16.3 | $125.1 | $64.7 | $625.0 | $0.3 | $853.2 |
| 2007 | $9.3 | $1.6 | $10.8 | $16.2 | $121.8 | $63.0 | $569.3 | $0.3 | $792.2 |
| 2006 | $9.0 | $1.5 | $10.5 | $16.0 | $119.2 | $62.8 | $564.1 | $0.3 | $783.5 |
| 2005 | $8.8 | $1.5 | $10.3 | $15.5 | $115.4 | $62.1 | $545.0 | $0.3 | $758.8 |
| 2004 | $8.3 | $1.4 | $9.8 | $15.1 | $107.6 | $60.6 | $516.7 | $0.3 | $719.9 |
| 2003 | $8.2 | $1.3 | $9.7 | $15.1 | $107.8 | $59.9 | $487.8 | $0.3 | $690.2 |
| 2002 | $8.0 | $1.3 | $9.4 | $14.9 | $103.7 | $58.5 | $458.7 | $0.3 | $654.8 |
| 2001 | $7.8 | $1.3 | $9.2 | $14.7 | $100.9 | $57.0 | $421.1 | $0.3 | $612.3 |
| 2000 | $7.7 | $1.2 | $8.9 | $14.5 | $98.6 | $55.0 | $377.7 | $0.3 | $563.9 |
| 1999 | $7.5 | $1.2 | $9.0 | $16.2 | $116.1 | $64.7 | $386.2 | $0.3 | $601.2 |
| 1998 | $7.0 | $1.2 | $8.0 | $14.3 | $90.9 | $50.5 | $320.1 | $0.3 | $492.2 |
| 1997 | $6.7 | $1.1 | $7.8 | $14.2 | $88.0 | $48.2 | $291.6 | $0.3 | $458.0 |
Includes Federal Reserve notes, U.S. notes, and currency no longer issued.
Source: https://www.federalreserve.gov/paymentsystems/coin_currcircvalue.htmVolume of Circulating Currency
Volume of currency in circulation, in billions of notes as of December 31 each year.
| $1 | $2 | $5 | $10 | $20 | $50 | $100 | $500 to $10,000 | TOTAL | |
|---|---|---|---|---|---|---|---|---|---|
| 2023 | 14.5 | 1.6 | 3.6 | 2.4 | 11.2 | 2.5 | 18.9 | 0.0004 | 54.6 |
| 2022 | 14.3 | 1.5 | 3.5 | 2.3 | 11.5 | 2.5 | 18.5 | 0.0004 | 54.1 |
| 2021 | 14.0 | 1.4 | 3.4 | 2.3 | 11.9 | 2.5 | 17.7 | 0.0004 | 53.2 |
| 2020 | 13.1 | 1.4 | 3.4 | 2.3 | 11.7 | 2.3 | 16.4 | 0.0004 | 50.3 |
| 2019 | 12.7 | 1.3 | 3.2 | 2.1 | 9.5 | 1.8 | 14.2 | 0.0004 | 44.9 |
| 2018 | 12.4 | 1.3 | 3.1 | 2.0 | 9.4 | 1.8 | 13.4 | 0.0004 | 43.4 |
| 2017 | 12.1 | 1.2 | 3.0 | 2.0 | 9.2 | 1.7 | 12.5 | 0.0004 | 41.6 |
| 2016 | 11.7 | 1.2 | 2.8 | 1.9 | 8.9 | 1.7 | 11.5 | 0.0004 | 39.8 |
| 2015 | 11.4 | 1.1 | 2.7 | 1.9 | 8.6 | 1.6 | 10.8 | 0.0005 | 38.1 |
| 2014 | 11.0 | 1.1 | 2.6 | 1.9 | 8.1 | 1.5 | 10.1 | 0.0005 | 36.4 |
| 2013 | 10.6 | 1.0 | 2.5 | 1.8 | 7.7 | 1.5 | 9.2 | 0.0005 | 34.5 |
| 2012 | 10.3 | 1.0 | 2.4 | 1.8 | 7.4 | 1.5 | 8.6 | 0.0005 | 33.0 |
| 2011 | 10.0 | 0.9 | 2.4 | 1.7 | 7.1 | 1.4 | 7.8 | 0.0005 | 31.3 |
| 2010 | 9.7 | 0.9 | 2.3 | 1.7 | 6.5 | 1.3 | 7.0 | 0.0005 | 29.5 |
| 2009 | 9.6 | 0.9 | 2.2 | 1.6 | 6.4 | 1.3 | 6.6 | 0.0005 | 28.5 |
| 2008 | 9.5 | 0.8 | 2.2 | 1.6 | 6.3 | 1.3 | 6.3 | 0.0005 | 27.9 |
| 2007 | 9.3 | 0.8 | 2.2 | 1.6 | 6.1 | 1.3 | 5.7 | 0.0005 | 26.9 |
| 2006 | 9.0 | 0.8 | 2.1 | 1.6 | 6.0 | 1.3 | 5.6 | 0.0005 | 26.4 |
| 2005 | 8.8 | 0.7 | 2.1 | 1.6 | 5.8 | 1.2 | 5.4 | 0.0005 | 25.6 |
| 2004 | 8.3 | 0.7 | 2.0 | 1.5 | 5.4 | 1.2 | 5.2 | 0.0005 | 24.2 |
| 2003 | 8.2 | 0.7 | 1.9 | 1.5 | 5.4 | 1.2 | 4.9 | 0.0005 | 23.8 |
| 2002 | 8.0 | 0.7 | 1.9 | 1.5 | 5.2 | 1.2 | 4.6 | 0.0005 | 22.9 |
| 2001 | 7.8 | 0.6 | 1.8 | 1.5 | 5.0 | 1.1 | 4.2 | 0.0005 | 22.1 |
| 2000 | 7.7 | 0.6 | 1.8 | 1.5 | 4.9 | 1.1 | 3.8 | 0.0005 | 21.3 |
| 1999 | 7.5 | 0.6 | 1.8 | 1.6 | 5.8 | 1.3 | 3.9 | 0.0005 | 22.5 |
| 1998 | 7.0 | 0.6 | 1.6 | 1.4 | 4.5 | 1.0 | 3.2 | 0.0005 | 19.3 |
| 1997 | 6.7 | 0.6 | 1.6 | 1.4 | 4.4 | 1.0 | 2.9 | 0.0005 | 18.6 |
Includes Federal Reserve notes, U.S. notes, and currency no longer issued.
Source: https://www.federalreserve.gov/paymentsystems/coin_currcircvolume.htm