The amount of U.S. currency notes in circulation in 2022, according to the Federal Reserve.
According to Federal Reserve data, the number of $100 bills has climbed dramatically over the past several years, outpacing the growth of all other denominations.
One reason for this is $100 bills have a longer lifespan than $1s and $5s, due to people using $100s less often in transactions. Some businesses may also decline $100 bills as payment.
Based on 2018 estimates from the Federal Reserve, a $100 bill has a lifespan of over 20 years, significantly lower than $1s (7 years) and $5s (5 years).
Bill | Number of notes in circulation (billions) | Value ($B) |
---|---|---|
$1 | 14.3 | 14 |
$2 | 1.5 | 3 |
$5 | 3.5 | 18 |
$10 | 2.3 | 23 |
$20 | 11.5 | 230 |
$50 | 2.5 | 125 |
$100 | 18.5 | 1850 |