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hello Im Michael Lambert Im the Associate Director with responsibility for the US currency program at the Federal Reserve [Music] at a reserve system consists of the Board of Governors right here in Washington DC and twelve district banks currency to us means the physical banknotes its its the actual some people call the bills we call them notes currency is the actual physical piece of paper that we the Federal Reserve Board issue to the public so today were were sitting in the boardroom and at the Federal Reserve Board and our job here at the board is to decide how much currency that that the public is going to need to order it from the Bureau and then we issue it by shipping it to the Reserve Banks so its through the banks both the Federal Reserve Banks and the nations X that we make our currency available to the public the Federal Reserve Board is the issuing authority so that gives us the legal authority to turn the pieces of paper that the Bureau of Engraving and printing
