US Federal Reserve

Every day, the US Federal Reserve creates 35 million new bills with an average face value of $18.57, and takes 4 million bills out of circulation. What’s happening to the other 31 million notes per day? Some are lost, some are saved, some are misplaced. (Your author once bought a box of second-hand books and found a $50 bill in one of them) So, the average American takes $1.94 out of circulation per day, while the Federal Reserve destroys twenty-five cents worth of currency per day. They are not only taking worn and damaged notes out, but also older ones.