TREASURY ORDER 101-07

Date: December 13, 2024

SUBJECT: Delegations Related to the Design and Production of Federal Reserve Notes

  1. PURPOSE.  This Order delegates certain authorities and responsibilities related to the design and production of Federal Reserve notes that prioritize preserving the authenticity, integrity, and availability of Federal Reserve notes.
  2. SCOPE.  This Order applies to the Bureau of Engraving and Printing (“the Bureau”) and the Office of the Fiscal Assistant Secretary. The provisions of this Order shall not be construed to interfere with or impede the authorities or independence of the Department’s Inspectors General.
  3. DELEGATIONS.  By virtue of the authority vested in the Secretary of the Treasury, including the authority under 31 U.S.C. § 321(b)(2) and 12 U.S.C. §§ 418-420, I hereby delegate:
    1. To the Director, Bureau of Engraving and Printing ("the Director"), the authority and responsibility vested in the Secretary of the Treasury under 12 U.S.C. §§ 418 through 420, related to the production of Federal Reserve notes, including the engraving of plates and dies and, prioritizing security feature designs to guard against counterfeits and fraudulent alterations, and the printing of Federal Reserve notes in such quantities as may be required to supply and deliver to the Federal Reserve Banks. Federal Reserve notes are to be retained in the custody of the Bureau while awaiting currency shipment orders from the Board of Governors of the Federal Reserve System (the Federal Reserve Board). The Director may redelegate the authority and responsibility delegated herein in writing to an Associate Director of the Bureau.
    2. To the Fiscal Assistant Secretary, or in the absence of that official, the person designated to act in that capacity, the authority to represent the Secretary of the Treasury as the Chair of the Advanced Counterfeit Deterrence Steering Committee (“ACD Steering Committee”), and to forward recommendations and actions reserved to the Secretary in that capacity.
  4. RESPONSIBILITIES.
    1. The Director and the Chair of the ACD Steering Committee shall ensure that the primary consideration when redesigning currency is addressing counterfeiting and security concerns. That goal shall guide the timing, sequencing, and design of Federal Reserve notes.
    2. When considering Federal Reserve note redesign, the Director shall consult with the ACD Steering Committee, which includes senior officials from the Department, the Bureau, the Federal Reserve Board, and the U.S. Secret Service, regarding anti-counterfeiting and security strategies and recommendations.
    3. Each fiscal year, the Director shall provide the Secretary with a copy of the currency order from the Federal Reserve Board within fifteen days of receipt.
  5. AUTHORITIES.
    1. 12 U.S.C. §§ 418-420.
    2. 31 U.S.C. § 321(b)(2).
  6. CANCELLATION.  Treasury Order 101-07, "Delegation to the Director, Bureau of Engraving and Printing, for the Production of Currency Notes to Meet the Demands of the Federal Reserve Banks," dated September 6, 1996 (as amended January 4, 2021) is hereby superseded.
  7. OFFICE OF PRIMARY INTEREST.  Bureau of Engraving and Printing, Office of the Fiscal Assistant Secretary, and Office of the Treasurer.

 

/S/
Janet L. Yellen
Secretary of the Treasury