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Bureau of Engraving company history timeline

1899

Relief printing of revenue stamps will last until 1899, when legislation restricts the use of automated presses.

1900

April 1900: The first issue of postage stamps in small booklets is produced.

1903

August 22, 1903: The Bureau of Engraving and Printing ships the first order of Philippine currency.

1908

February 1908: The Bureau of Engraving and Printing begins manufacturing postage stamps in coil form.

1910

July 1, 1910: Now authorized to carry arms and wear uniforms, BEP guards accompany daily deliveries of money and other securities to the Treasury Department.

1911

June 1, 1911: Bureau of Engraving and Printing personnel design and construct a paper-wetting machine that uniformly dampens paper prior to printing.

1912

June 30, 1912: A machine for laundering currency notes is designed and constructed by the Bureau of Engraving and Printing and put into operation at various Treasury facilities.

1914

October 28, 1914: The Bureau of Engraving and Printing begins printing Federal Reserve Notes for delivery to the new Federal Reserve Banks.

November 1914: The Bureau of Engraving and Printing produces revenue stamps using offset presses.

1918

July 26, 1918: Currency is produced on automated presses and the number of subjects per plate is increased from 4 to 8.

1920

July 1, 1920: Prince, the last horse in the BEP's stables, is sold at auction for $75.

1925

January 1925: The "High-etch" method for making offset plates is developed by Bureau of Engraving and Printing personnel.

1929

July 10, 1929: Small-sized currency notes with standardized designs are issued.

1934

The largest note ever printed by the BEP was the $100,000 Gold Certificate, Series 1934.

1938

May 17, 1938: Bureau of Engraving and Printing operations begin in the Annex Building.

1941

December 15, 1941: In accordance with national defense requirements, an emergency organization is formed in the Bureau of Engraving and Printing to protect the buildings against air raids.

1942

November 1942: Silver Certificates containing a yellow seal, instead of the usual blue seal, are produced for the invasion of North Africa (Operation Torch). Like the overprinted "Hawaii" notes, the modified Silver Certificates can be declared worthless, if necessary.

1946

July 1946: The Bureau of Engraving and Printing begins work on Military Payment Certificates for use overseas by United States troops.

1951

July 1, 1951: The Bureau of Engraving and Printing begins operating on a reimbursable basis in accordance with a legislative mandate to convert to business-type accounting methods.

1953

By September 1953, all currency will be produced from 18-subject plates.

1957

The first notes printed by this process are Silver Certificates, Series 1957.

1963

June 4, 1963: Silver Certificates are no longer authorized for issue.

1966

January 1966: The Bureau of Engraving and Printing opens renovated tour facilities throughout the main production area consisting of inter-connected, glass-enclosed galleries.

1969

July 14, 1969: The Treasury Secretary announces that currency in denominations larger than $100 will no longer be issued.

1971

June 15, 1971: Prototype currency overprinting and processing equipment (COPE) is installed.

1976

April 13, 1976: The $2 Federal Reserve Note is re-introduced on the 233rd anniversary of Thomas Jefferson's birth.

1980

June 1980: The Bureau of Engraving and Printing opens a new visitor center in the former lobby of the main building, where visitors can view exhibits and purchase souvenirs at the conclusion of their tour.

1981

December 25, 1981: The Bureau of Engraving and Printing begins "year end shutdown" (YES) whereby the entire BEP closes from Christmas through New Year's Day, a period when employees traditionally take time off.

1985

By 1985, officials at the Treasury Department had become aware of the need for a BEP facility west of the Mississippi River, which would reduce the cost of transporting notes to Federal Reserve banks in San Francisco, Dallas, and Kansas City.

1990

December 1990: The Western Currency Facility begins printing currency.

1992

The first notes produced on this press will be issued in July 1992.

1995

December 1995: Printing of currency on the web-fed press is halted.

1996

March 25, 1996: Redesigned $100 Federal Reserve Notes are issued with a larger portrait and new advanced counterfeit deterrence features.

1997

January 1997: An electronic inspection system is implemented to detect printing defects during currency and postage stamp production.

2004

April 26, 2004: The Western Currency Facility opens a visitor center and public tour of the currency manufacturing operations.

2006

August 2006: The first robotic "palletizer" is installed to load cash-packs on to pallets for shipping.

2010

April 21, 2010: The design of the new $100 Federal Reserve Note is unveiled.

2013

The Federal Reserve’s Centennial in 2013 marked 100 years of service in maintaining that confidence in United States currency.

2021

May 18, 2021 Remarks by Secretary of the Treasury Janet L. Yellen on A Better Deal for Americans to The United States Chamber of Commerce

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Founded
1898
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Headquarters
Minneapolis, MN
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Bureau of Engraving may also be known as or be related to Bureau Of Engraving Inc., Bureau of Engraving Inc and Bureau of Engraving, Inc.