Money doesn't grow on trees like Buck and Penny used to think before their parents taught them about money management. Money also isn't made in banks or in the magic money machine.
The United States Mint makes coins. Its main job is to make enough coins so that everyone has enough coins to do business every day. The United States Mint makes about 28 billion coins for general circulation each year. In addition to coins, the United States Mint also makes special coins and medals for collectors.
Paper money is printed by the Bureau of Engraving and Printing. They print millions of dollars every day for delivery to banks around the nation.
These government agencies are headquartered in Washington, D.C., our nation's capital. After the money is made, it is sent through the Federal Reserve System to the Federal Reserve Bank. The Federal Reserve Bank was founded by the United States Congress in 1913 to provide the nation with a safer, more flexible and more stable financial system. Banks, like Univest Bank and Trust Co.SM, get money from the Federal Reserve Bank so they can meet the needs of their customers.
Let's start with the basics:
- Understanding Money
- Where Does Money Come From?
- Saving Your Money
- Newsletters
