Annual Report to the Congress on the Presidential $1 Coin Program 2016
Print- Background
- Recent Activities
- $1 Coin Inventories
- Future Reporting and Recommendation for Legislative Action
Future Reporting and Recommendation for Legislative Action
To ensure compliance with the Presidential $1 Coin Act, the Federal Reserve will continue to fulfill demand for $1 coins from depository institutions from existing inventory, while the United States Mint will meet collector demand for new designs through direct sales.
In its 2012 annual report, the Board recommended the elimination of the annual reporting requirement of the Presidential $1 Coin Act, by striking section 5112(p)(3)(B) of title 31 of the United States Code. We continue to recommend this action. In 2012, production of the Presidential $1 coins for circulation was suspended and this year, after production of collectors' coins depicting the last eligible president (Ronald Reagan), the program has ended. Quarterly information on Reserve Bank inventory levels, as well as payments and receipts of $1 coins is available on the Board's public website at http://www.federalreserve.gov/paymentsystems/coin_data.htm.
