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The Federal Reserve does not print US dollars, nor does it have the right or power. The US Mint and the Bureau of Engraving (both part of the Deptartment of t
by rprasad 16y ago
The Federal Reserve does not print US dollars, nor does it have the right or power. The US Mint and the Bureau of Engraving (both part of the Deptartment of the Treasury) produce coinage and print dollars at the advice and counsel of the Federal Reserve, and are the only agencies so empowered.
- narrator 16y agoEach dollar bill has the words "Federal Reserve Note" in big type at the top. That is because they represent debt of the federal reserve. The bureau of printing and engraving prints them for the federal reserve to hand out and is reimbursed for the cost of printing by the federal reserve. Federal reserve notes have the very handy attribute in that they are the only currency that can be used to settle U.S tax liabilities.