The document discusses 7 things you may not know about U.S. currency: 1) The dollar became the official currency in 1792 with the Mint Act; 2) Paper money was first issued in 1861 during the Civil War; 3) Banks lost the ability to print their own money in 1929; 4) The currency we use today started in 1913 with the Federal Reserve Act; 5) "In God We Trust" began appearing in 1957 for anti-communist reasons; 6) Around 40% of bills printed each year are $1 bills; 7) The largest bill ever printed was a $100,000 gold certificate in 1937 featuring Woodrow Wilson.

1. Proprietary and Confidential
U.S. Currency
7 Things You Probably Didn’t
Know

2. Proprietary and Confidential
1. When Did The Dollar Become
The Official Unit of Currency?
1792: With the passage of the
“Mint Act” on April 2 1792, the dollar
became the U.S.’s official currency and
the US Government began officially
minting coins.
Fun Fact: With the adoption of the
mint act, the U.S Became the first
nation on earth to have currency on a
decimal system

3. Proprietary and Confidential
2. When Did The U.S. Start Issuing
“Paper” Money
1861: With the onset of the Civil War the
Federal Govt. needed funds, and thus
authorized the department of the Treasury to
print and circulate paper money.
Fun Fact: Between 1793 and 1861 state banks were
allowed to print their own paper currency—yielding over
10K different US currencies

4. Proprietary and Confidential
3. When Did Banks Loose The
Ability To Print Their Own Money?
1929: Though the Treasury
was printing currency as of 1861,
The National Bank Act also
allowed banks to print their own
currency from 1863 to 1929
Fun Fact: Unlike the old “state bank notes”
the new national bank notes were printed
with a standard design on on paper
distributed and approved by the U.S.
Treasury.

5. Proprietary and Confidential
4. When Did The U.S. Start Using
The Currency We Use Today
1913: With the passage of the Federal
Reserve Act, the newly created Federal Reserve
System was given the authority to print Federal
Reserve Notes—the form of currency in use
Fun Fact: Federal Reserve Notes Represent 99% of the
money in circulation today

6. Proprietary and Confidential
5. When Did “In God We Trust”
Start Appearing On U.S. Money?
1957: With the break-out of the
Red Scare in the late 1950’s, the U.S.
Government began putting “In God We
Trust” on paper currency as an anti-
communist statement
Fun Fact: All money issued after 1963 has “In
God We Trust Stamped on it.

7. Proprietary and Confidential
6. What Percentage of Paper
Money Issued Is $1 Bills?
FROM COINBASE
~40%: With though the
exactly percentage will vary
from year-to-year, around 40
percent of bills printed each
year are ones.
Fun Fact: In 2009 the exact
percentage was 42.3%,, in 2011 it was
43.2%.

8. Proprietary and Confidential
7. How Much Was The Largest Bill
Ever Printed Worth?
8 |
100K: Technically a
Gold Certificate, the largest
bills ever printed was minted
in 1937. These notes were
for inter-bank commerce and
never circulated amongst the
general public.
Fun Fact: In Woodrow Wilson was
pictured on them.