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Bureau of Engraving and Printing 

Mission Statement 

To design and manufacture high quality security documents that meet customer 

requirements for quality, quantity and performance, including counterfeit deterrence. 

Program Summary by Budget Activity 

Dollars in Thousands 

FY 2008 FY 2009 FY 2010

Obligated Estimated Estimated $ Change % Change

 Manufacturing $476,700 $519,650 $530,000 $10,350 2.0%

 Protection and Accountability of Assets $61,500 $61,000 $61,000 $0 0.0%

Total Resources $538,200 $580,650 $591,000 $10,350 1.8%

Total FTE 2,300 2,200 2,075 (125) -5.7%

FY 2010 Priorities 

• Produce and deliver the most secure currency for the nation in the most cost effective 

manner possible. BEP expects to produce and deliver 7.2 billion notes to the Federal 

Reserve System in 2010, an increase of six percent over the 2009 program. 

• Redesign the $100 note. Development of a redesigned $100 note is currently in 

process. BEP expects to gain design approval by Secretary of Treasury and begin 

production in the 2009/2010 time frame. In the past 5 years the Bureau has 

redesigned and issued a new $5, $10, $20 and $50 note. The redesign of the $100 

note will mark the completion of a multi-year initiative to implement the most 

ambitious currency redesign in United States history. 

• Continue re-tooling and retrofitting of the currency production process. Successful 

implementation of new technology will improve productivity, reduce BEP’s 

environmental impact, and provide needed capabilities to produce increasingly more 

complex currency note designs. 

• Train and prepare the workforce for increasingly sophisticated technology integrated 

into 21st century manufacturing processes. 

• Improve the Nation’s currency to better serve the needs of Americans and others 

around the world, including the blind and visually impaired. To this end, The Bureau, 

in coordination with the Department of Treasury, commissioned a study that began in 

2008 to assess improved methods for denominating currency for the blind and 

visually impaired; the results of the study will be released for public comment in 

2009. 
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• Install a new wastewater recycling system that will recycle approximately 95% of 

water used in the printing process. This investment is indicative of the Bureau’s 

commitment to keeping the greenback and the environment “green”. 

• Continue process improvements as required of an ISO 9001 certified organization, a 

designation that indicates to current and prospective customers that the Bureau 

employs a rigorous quality management program. 

• Work in concert with the Advanced Counterfeit Deterrent Committee, and other 

Government agencies to research and develop state-of-the-art counterfeit deterrent 

features and systems for use in currency notes that will enhance and protect future 

notes. 
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Table of Contents 

Bureau of Engraving and Printing.................................................................................. 1

Section 1 – Purpose ........................................................................................................... 4

1A – Description of Bureau Vision and Priorities.......................................................... 4 

1B – Program History and Future Outlook..................................................................... 5 

Section 2 – Budget Adjustments and Appropriation Language................................... 8

2.2 – Operating Levels Table.......................................................................................... 8 

2.3 – Resource Detail Table............................................................................................ 9 

2B – Appropriations Language and Explanation of Changes......................................... 9 

2C – Legislative Proposals ............................................................................................. 9 

Section 3 – Budget and Performance Plan ................................................................... 10

3.1 – Budget by Strategic Outcome .............................................................................. 10 

3A – Manufacturing..................................................................................................... 10 

3.2.1 – Manufacturing Budget and Performance Plan.................................................. 11 

Description of Performance:......................................................................................... 11 

3B – Protection and Accountability of Assets............................................................. 11 

3.2.2 – Protection and Accountability of Assets Budget and Performance Plan.......... 12 

Description of Performance:......................................................................................... 12 

Section 4 – Supporting Materials .................................................................................. 14

4A – Human Capital Strategy Description ................................................................... 14 

FY’s 2010’s human capital strategy includes:.............................................................. 14 

4.1 – Summary of IT Resources Table ......................................................................... 15 

4B – Information Technology Strategy ........................................................................ 16 

4.2 – Program Assessment Table.................................................................................. 17 

http://www.whitehouse.gov/omb/expectmore/all.html................................................. 17 
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 Section 1 – Purpose

1A – Description of Bureau Vision and Priorities 

The mission of the Bureau of Engraving and Printing is to design and manufacture high 

quality security documents that deter counterfeiting and meet customer requirements for 

quality, quantity and performance. 

The Bureau of Engraving and Printing began printing currency in 1862. The Bureau 

operates on the basis of authority conferred upon the Secretary of the Treasury by 31 

U.S.C. 321(a) (4) to engrave and print currency and other security documents. 

Operations are financed by a means of a revolving fund established in 1950 in accordance 

with Public Law 81-656. This fund is reimbursed through product sales for direct and 

indirect costs of operations including administrative expenses. In 1977, Public Law 95-

81 authorized the Bureau to include an amount sufficient to fund capital investment and 

to meet working capital requirements in the prices charged for products eliminating the 

need for appropriations from Congress. 

The Bureau’s vision is to maintain its position as a world-class securities printer 

providing its customers and the public superior products through excellence in 

manufacturing and technological innovation. It strives to produce United States currency 

of the highest quality, as well as many other security documents issued by the Federal 

Government. Other activities at the Bureau include engraving plates and dies; 

manufacturing inks used to print security products; purchasing materials, supplies and 

equipment; and storing and delivering products in accordance with the requirements of 

customers. In addition, the Bureau provides technical assistance and advice to other 

Federal agencies in the design and production of documents, which, because of their 

innate value or other characteristics, require counterfeit deterrence. 

The Bureau’s top priorities for FY 2010 include the continued re-tooling and retrofitting 

of the currency production process which will allow the BEP to improve productivity, 

reduce its environmental impact and provide the needed capabilities to produce 

increasingly more complex currency note designs. This new equipment will ensure that 

the BEP continues to operate in an efficient and cost-effective manner. Another top 

priority for FY 2010 is the redesign the $100 note. Development of a redesigned $100 

note is currently in process. BEP expects to gain design approval by the Secretary of 

Treasury and the note will be scheduled for production in the 2009/2010 time frame. The 

Federal Reserve will determine when the new note is issued to the public. Because 

aggressive law enforcement, effective design, and public education are all essential 

components of a concerted anti-counterfeiting program, the Bureau will continue its work 

with the Advanced Counterfeit Deterrent Committee to research and develop future 

currency designs that will enhance and protect future notes. 

Manufacturing – The Bureau of Engraving and Printing manufactures high quality 

security documents that deter counterfeiting while supporting commerce through safe and 

secure currency. These products are grouped into two programs: Federal Reserve notes 

and other security documents. 
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Protection and Accountability of Assets – The Bureau’s Protection and Accountability of 

Assets activity supports Treasury’s strategic objective, trust and confidence in United 

States currency worldwide. Because of the value of the products manufactured, the 

Bureau must maintain an accurate and cost effective system of accountability for all 

Bureau products, which will ensure that products are accounted for while in production 

and that its customers receive the correct quantity of the product ordered. The protection 

and accountability of assets is a joint effort crossing many divisions within the Bureau; 

products are tracked and accounted for at every step of the production process. The 

primary mission of the Bureau’s Office of Security is to preserve the integrity of and 

safeguard critical Bureau resources and assets such as personnel, products, facilities and 

equipment. 

1B – Program History and Future Outlook 

Redesigned Federal Reserve Notes: The Bureau of Engraving and Printing has a long 

term commitment to develop state-of-the-art counterfeit deterrent features for use in 

future currency notes through new and innovative technologies. The Bureau expects to 

redesign United States currency every seven to ten years in an effort to stay ahead of 

counterfeiters as advances in technology make counterfeiting of currency less difficult. 

The Advanced Counterfeit Deterrent Steering Committee, which includes members from 

BEP, other Department of the Treasury officials, the United States Secret Service, and the 

Federal Reserve Board, continually researches counterfeit deterrent features and systems 

for possible use in future currency designs that will enhance and protect notes from 

counterfeiting. Aggressive law enforcement, an effective design, and public education 

are all essential components of a concerted anti-counterfeiting program. The United 

States government continues to enhance the security of our Nation's currency in an effort 

to provide the public with safe and secure notes and the information needed to verify 

them, which instills public confidence and enables commerce. 

The redesigned $5 note began circulating on March 13, 2008. The redesigned $5 was the 

fourth denomination in the new currency series that incorporated enhanced security 

features, as well as subtle background colors and symbols of freedom into the designs 

and a larger numeral on the back to assist the visually impaired in denominating 

currency. The $5 note was selected to be redesigned before the $100 Federal Reserve 

Note because ongoing scrutiny of counterfeiting techniques detected a pattern where 

counterfeiters bleached the ink off of old $5 notes, and then printed counterfeit $100 

notes on the $5 paper. While these counterfeit attempts posed no significant economic 

problems, Treasury and Federal Reserve officials determined that a redesign of the $5 

would help ensure such problems would not develop in the future. Development of a 

redesigned $100 note is currently in process BEP expects to gain design approval by the 

Secretary of Treasury and to begin production in the 2009/2010 time frame. The Federal 

Reserve will determine when the new note is issued to the public. 

Public Education: Because the improved overt security features in the redesigned 

currency are most effective when the public knows about and uses the features to 
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authenticate their currency, a broad, public education program is crucial to the anticounterfeiting effort. In cooperation with the Federal Reserve, BEP administers a public 

education program to support the introduction of new currency designs. The program 

offers public education and training materials to the public in order to inform them about 

the latest currency designs and how to authenticate their currency. These materials are 

also available online and can be downloaded from www.moneyfactory.gov/newmoney. 

This site has received over 200 million hits since its launch in May 2003. 

The goal of this program is to build an adequate threshold of awareness to support 

commerce and ensure seamless, "business as usual" transitions as new currency designs 

are introduced to the public. Overall, counterfeiting of United States currency remains at 

low levels – due primarily to a combination of improvements in the notes’ security 

features, aggressive law enforcement and public education efforts. Statistics continue to 

indicate that the amount of counterfeit United States currency worldwide is less than one 

percent of genuine U.S. currency in circulation. An education program will be conducted 

for the new $100 notes following the successful campaigns for the redesigned $20, $50, 

$10 and $5 notes. No domestic paid advertising will be used to introduce the new notes, 

but paid media of some nature may prove necessary in certain foreign markets. $100 

notes comprise more that 50 percent of outstanding United States currency, an estimated 

two-thirds of which is held outside the United States’ borders. This education program 

ensures that people all over the world accept, recognize and use the enhanced security 

features of the new currency. 

Quality: Along with innovative, cutting-edge designs, BEP will maintain its focus on 

producing high quality security products in the most cost effective manner possible. It 

will continue to pursue process improvements as required of an ISO 9001 certified 

organization, a designation that indicates to current and prospective customers that the 

Bureau employs a rigorous quality management program. Continuous process 

improvements will be the catalyst for world class quality and improved cost performance 

through streamlined processes and low spoilage. In FY 2007, the BEP attained ISO 

14001 certification for its environmental management systems institutionalizing its 

commitment to sound environmental stewardship. 

Cost Reduction Efforts: The Bureau strives to provide its customers with superior 

products for the lowest possible price. The BEP continuously looks for ways to cut costs 

without compromising quality. Significant capital investments are planned in FY 2009 

and FY 2010 that will enhance productivity, lessen BEP’s environmental impact. During 

FY 2006 the Bureau streamlined the organization by realigning and grouping similar 

functions together. This has improved efficiency, reduced response time, and facilitated 

currency redesign efforts. 

Developments in image inspection technology have led to the development of 

sophisticated inspection systems that BEP uses in its currency manufacturing processes. 

These systems use a proprietary software package to provide real time inspection of 

printed work. The Bureau’s investment in automated inspection systems has proven to be 

more cost effective than the system it replaced. It has also afforded BEP some flexibility 
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in redeploying resources to other areas while enhancing its capability of delivering a high 

quality product. 

BEP’s success would not be possible without the contributions of its people. The Bureau 

remains strongly committed to the development of its workforce through an array of 

career development programs tailored to the demand and skill requirements of a hightechnology workplace. In FY 2010, BEP plans continued focus on training identified to 

prepare the workforce for increasingly sophisticated technology that is integrated into 

21st century manufacturing processes as well as knowledge management to prepare for 

the anticipated wave of baby-boomer retirements. Strategic investment in people and 

technology will continue to be critical factors in maintaining the Bureau’s status as a 

world class securities manufacturer. 
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Section 2 – Budget Adjustments and Appropriation Language 

2.2 – Operating Levels Table 

Bureau: Bureau of Engraving and Printing FY 2008 

Obligated

FY 2009 

Estimated

FY 2010 

Estimated

% Change 

FY 2009 

to FY 2010

 

FTE 2,018 2,075 2,050 -1.20%

Object Classification: 

11.1 - Full-time permanent 172,000 186,000 191,500 2.96%

11.5 - Other personnel compensation 13,000 12,000 13,000 8.33%

12 - Personnel benefits 47,000 50,750 52,250 2.96%

21 - Travel and transportation of persons 2,000 2,250 2,250 0.00%

22 - Transportation of things 100 250 300 20.00%

23.1 - Rental payments to GSA 2,000 2,000 2,000 0.00%

23.2 - Rental payments to others 1,000 1,000 1,000 0.00%

23.3 - Comm, utilities, and misc charges 13,000 15,000 15,000 0.00%

24 - Printing and reproduction 1,000 1,000 1,000 0.00%

25.1 - Advisory and assistance services 4,500 3,500 3,500 0.00%

25.2 - Other services 44,000 45,000 45,000 0.00%

25.4 - Operation and maintenance of facilities 8,500 9,500 9,500 0.00%

25.5 - Research and development contracts 3,000 3,250 3,500 7.69%

25.7 - Operation and maintenance of equip 7,000 9,000 9,000 0.00%

26 - Supplies and materials 155,000 180,000 182,000 1.11%

31 - Equipment 65,000 60,000 60,000 0.00%

42 - Insurance claims and indemnities 100 150 200 33.33%

Total Budget Authority $538,200 $580,650 $591,000 1.78%

 

Budget Activities: 

Manufacturing 476,700 519,650 530,000 1.99%

Protection and Accountability of Assets 61,500 61,000 61,000 0.00%

Total Budget Authority $538,200 $580,650 $591,000 1.78%

 
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2.3 – Resource Detail Table 

% Change

FY 2009

Description to FY 2010 FTE AMOUNT FTE AMOUNT FTE AMOUNT

Revenue:

Federal Reserve Notes $531,200 $573,650 $584,000 1.8%

Other Security Products 7,000 7,000 7,000 0.0%

Total Revenue/Offsetting Collections $538,200 $580,650 $591,000 1.8%

Expenses:

Direct Manufacturing

Paper and Ink $155,000 $163,000 $165,000 1.2%

Direct Labor 750 86,250 750 90,000 750 94,500 5.0%

Other Direct Mfg Costs 7,500 7,500 7,500 0.0%

Subtotal Direct Manufacturing Costs 248,750 260,500 267,000 2.5%

 Indirect Manufacturing Support 1268 227,950 1325 259,150 1300 263,000 1.5%

 Total Manufacturing Activity Costs 476,700 519,650 530,000 2.0%

Total Protection & Accountability of Assets Activity Costs 61,500 61,000 61,000 0.0%

Total Expenses/Obligations $538,200 $580,650 $591,000 1.8%

FY 2010

Estimated

FY 2008

Actual

FY 2009

Estimated

Net Results $0 $0 $0

Federal Reserve Notes Manufactured (in Billions) 7.7 6.8 7.2 5.9%

2B – Appropriations Language and Explanation of Changes 

The BEP receives no appropriated funds from Congress. 

2C – Legislative Proposals 

Representation Funds 

This legislative proposal would authorize the Bureau of Engraving and Printing to expend 

up to $5,000 per fiscal year from its revolving fund for official reception and 

representation expenses. 

The Bureau’s head will use the representation funds to pay for expenses associated with 

official Bureau events, characterized by a mix of social and/or business purpose when 

hosting foreign dignitaries involved in the security printing and banking industries. 
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Section 3 – Budget and Performance Plan

This table lists all FY 2010 resources by strategic goal, objective and outcome outlined in 

the FY 2007-2012 Treasury Department Strategic Plan. The Treasury Strategic Plan is a 

corporate level plan for the Department that provides a description of what the agency 

intends to accomplish over the next five years. 

For detailed information about the FY 2007-2012 Treasury Strategic Plan, please go to: 

http://www.treasury.gov/offices/management/budget/strategic_plan.shtml

3.1 – Budget by Strategic Outcome 

Dollars in Thousands 

Treasury Strategic Outcome FY 2009 

Enacted

FY 2010 

Request Percent Change

 U.S. notes & coins 580,650 591,000 1.78%

Total $580,650 $591,000 1.78%

3A – Manufacturing ($530,000,000 from reimbursable programs): BEP manufactures 

high quality security documents that deter counterfeiting. These manufactured products 

are grouped into two programs: Federal Reserve notes and other security documents. 

The Bureau’s manufacturing activity supports Treasury’s strategic objective, trust and 

confidence in U.S. currency worldwide. 

 

BEP uses the latest technologies for security printing and processing, including 

automated inspection equipment used in the production of the nation’s currency. The 

Bureau’s production equipment is operated by highly skilled craft personnel that have 

developed their unique skills through multi-year apprenticeship programs. 

The manufacturing of state-of-the-art currency deters counterfeiting, contributes to public 

confidence, and facilitates daily commerce ensuring seamless, "business as usual" 

transitions as new currency designs are introduced to the public. 

In FY 2008, the Bureau delivered 7.7 billion Federal Reserve Notes to the Federal 

Reserve Banks. The currency order was fulfilled on schedule, at lower cost than 

anticipated. The Federal Reserve has ordered 6.8 billion notes for delivery in FY 2009 

and their order is estimated at 7.2 billion notes for FY 2010 based on their projections of 

currency demand. 
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3.2.1 – Manufacturing Budget and Performance Plan 

Manufacturing Budget Activity

FY 2006 FY 2007 FY 2008 FY 2009 FY 2010

Resource Level Obligated Obligated Obligated Estimated Estimated

 Appropriated Resources $0 $0 $0 $0 $0

 Reimbursable Resources $445,000 $493,000 $476,700 $519,650 $530,000

Total Resources $445,000 $493,000 $476,700 $519,650 $530,000

Budget Activity Total $445,000 $493,000 $476,700 $519,650 $530,000

FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 Budget Activity Performance Measure Actual Actual Actual Target Target

Manufacturing Manufacturing costs for currency 

(dollar costs per thousand notes 

produced) ($) (E) 

 27.49 28.71 29.47 37.00 37.00

Manufacturing Percent of currency notes 

delivered to the Federal Reserve 

that meet customer quality 

requirements (%) (Oe) 

99.90 100 100 99.90 99.90

Key: Oe - Outcome Measure, E - Efficiency Measure, Ot - Output/Workload Measure, and M - Management/Cust. Satisfaction 

Description of Performance: 

Manufacturing Costs for Currency (dollar cost per 1,000 notes produced) is an indicator 

of manufacturing efficiency and effectiveness of program management. This measure is 

based on contracted price factors, and anticipated productivity improvements. Actual 

performance against standard depends on BEP’s ability to meet annual spoilage, 

efficiency, and capacity utilization goals. Performance against this measure has been 

favorable for the past eight years. 

Percent of Currency Notes Delivered to the Federal Reserve that meet customer quality 

requirements has an annual target of 99.9 percent. The Bureau has met or exceeded this 

target for the last four years as indicated. BEP’s ability to consistently meet this annual 

target enables commerce by ensuring that currency notes delivered will work the first 

time and every time in day-to-day financial transactions. 

3B – Protection and Accountability of Assets ($61,000,000 from reimbursable 

programs): The purpose of the Bureau’s Protection and Accountability of Assets Activity 

is to provide effective and efficient security and accountability during the manufacture 

and delivery of United States currency to the Federal Reserve, as well as protect 

thousands of BEP employees and contractors, facilities and equipment. The activity 

supports Treasury’s strategic objective, Increase the Reliability of the United States 

Financial System. BEP’s ability to provide product security and accountability during 

the manufacture and delivery of currency notes preserves the integrity of the nation’s 

currency. 

The value of what the Bureau produces requires it to have the highest standards of 

accountability and control available. The Bureau must maintain an accurate and cost 

effective system of accountability for all Bureau products which will ensure that products 
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are accounted for while in production and that customers receive the correct quantity of 

products ordered. The protection and accountability of assets is a joint effort crossing 

many divisions within the Bureau; products are tracked and accounted for at every step of 

the production process. 

The Bureau’s annual financial statement audit represents an assessment by an 

independent, certified public accounting firm of the integrity of the Bureau’s revolving 

fund and the reliability of the financial data used for managerial decision making. 

Successful financial reporting at the Bureau is a joint effort that requires coordination 

between financial management, operations, and information technology personnel, as 

well as close coordination with the independent, certified public accounting firm 

contracted to perform the annual audit and the Office of Inspector General, which 

oversees their work. In addition, the Bureau’s Office of Security’s primary mission is to 

preserve the integrity of and safeguard critical Bureau resources and assets such as 

personnel, products, plant facilities and equipment. 

3.2.2 – Protection and Accountability of Assets Budget and Performance Plan 

Protection and Accountability of Assets Budget Activity

FY 2006 FY 2007 FY 2008 FY 2009 FY 2010

Resource Level Obligated Obligated Obligated Estimated Estimated

 Appropriated Resources $0 $0 $0 $0 $0

 Reimbursable Resources $61,000 $63,000 $61,500 $61,000 $61,000

Total Resources $61,000 $63,000 $61,500 $61,000 $61,000

Budget Activity Total $61,000 $63,000 $61,500 $61,000 $61,000

FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 Budget Activity Performance Measure Actual Actual Actual Target Target

Protection and 

Accountability of 

Assets 

Currency shipment discrepancies per million 

notes (%) (Oe) 

0.01 0.0 0.01 0.01 0.01

Protection and 

Accountability of 

Assets 

Security costs per 1000 notes delivered ($) (E) 6.25 5.92 5.63 5.65 5.60

Key: Oe - Outcome Measure, E - Efficiency Measure, Ot - Output/Workload Measure, and M - Management/Cust. Satisfaction 

Description of Performance: 

Currency Shipment Discrepancies is an indicator of the Bureau’s ability to provide 

effective product security and accountability. This measure refers to product overages or 

underages of as little as a single currency note in shipments of finished notes to the 

Federal Reserve Banks. This target is very difficult to achieve, given the amount of 

currency notes produced and the speed at which the notes are processed. However, BEP 

continually strives to meet its long term goal of zero percent, and has been able to do so 

several times. For several years, this measure has had an annual target of .01 percent. 

The Bureau has been able to meet or exceed this target on a regular basis. 

The measure security cost per 1000 notes delivered reflects the cost of providing product 

security. The measure is kept at the lowest level possible without compromising the 

security posture of the Bureau. BEP strives to reduce the target on an annual basis 
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through a combination of competitive sourcing initiatives, leveraging of the best practices 

of other federal law enforcement agencies, targeted system investments, and 

improvements in facility design that incorporate security attributes. 

For detailed information about each performance measure, including definition, 

verification and validation, please go to: 

http://www.treasury.gov/offices/management/dcfo/accountability-reports/
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Section 4 – Supporting Materials 

4A – Human Capital Strategy Description 

To best position the Bureau of Engraving and Printing for the future, the Bureau will 

continue to focus on training identified in a 2008 competency/skill assessment to prepare 

the workforce for increasingly sophisticated technology integrated into 21st century 

manufacturing processes. 

FY’s 2010’s human capital strategy includes: 

• Leverage the use of newly implemented Treasury Learning Management System, a 

web-based system that provides all employees access to professional development 

courses, online training, and reference books. 

• Expansion of the BEP Telework program. During 2008, BEP implemented a secure, 

information technology solution that facilitates teleworking enhancing employee 

work life and increasing work flexibilities that benefit employee recruitment and 

retention programs. 

• Continued evaluation of staffing needs, as new, more efficient technology is 

deployed. 

• Use of pay incentive flexibilities to retain and recruit unique expertise that enables the 

Bureau to meet its human capital goals. 

• Linking management’s annual performance goals to the achievement of 

organizational goals that support BEP’s strategic goals. 

• Updating all employee performance plans to include core elements directly linked to 

organizational goals. 
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4.1 – Summary of IT Resources Table Dollars in Thousands 

Information Technology Investments 

FY 2006 FY 2009 

& Earlier FY 2008 President's % Change from FY 2010 

Major IT Investments/Funding Source Budget Activity Enacted Enacted Budget FY08 to FY09 Requested 

0 00 0% 0

Subtotal, Major IT Investments $0 $0 $0 0% $0 

Non-Major IT Investments Technology1

Manufacturing Support Systems Manufacturing 2800 1400 1600 14% 1700 

Public Sales System N/A 1240 780 1100 41% 1100 WebTA N/A 60 70 80 14% 100 

Subtotal, Non-Major IT Investments $4,100 $2,250 $2,780 24% $2,900 

Infrastructure Investments,Server Services and Support 0 0 0 0% 0 

BEP Data Ctr. Sys. & Serv. (for Consolidation) Manufacturing 6600 5700 6000 5% 6600 

BEP End User Sys. & Serv. (for Consolidation) Manufacturing 6900 6200 6500 5% 7100 BEP Telecommunications (for Consolidation) Manufacturing 960 300 670 123% 700 BEP Infrastructure Security (for Consolidation) Protection and Accountability 3200 0 0 0% 0 

Subtotal, Infrastructure Investments $17,660 $12,200 $13,170 8% $14,400 

Enterprise Architecture N/A 20.271 50 0 -100% 0 

Subtotal, Enterprise Architecture Investments $20.27 $50 $0 -100% $0 IT Investments $21,780 $14,500 $15,950 10% $17,300 Note1: In FY 2005 and prior years, costs for these systems were included in BEP's Infrastructure and Office Automation programs. 

Note2: Infrastructure funding is consolidated into the Treasury Departmental Integrated IT Infrastructure Exhibit 300.
BEP - 16 

4B – Information Technology Strategy 

Information Technology (IT) and IT-Embedded Investments are fully aligned with the 

Department of the Treasury’s and BEP’s Strategic Plan to support the technical 

development and manufacturing of Federal Reserve notes. 

Major Investments: BEP has no planned independent major investments. BEP 

participates as a partner in significant Treasury-wide enterprise level investments such as 

T/Net (Treasury’s implementation of General Services Administration ‘s (GSA) 

Networx), Homeland Security Presidential Directive -12 (again through Treasury’s 

partnership with GSA), HRConnect (an Human Resources Line of Business service 

provider) and Internet Protocol version 6. 

Non-Major Investments: BEP adheres to the Treasury’s Capital Planning and Investment 

Control (CPIC) program as well as BEP’s own IT CPIC processes. Limited additional 

non-major investments are planned to garner savings in administrative costs and provide 

organizational efficiencies. 

Infrastructure Investments: Appropriately categorized as part of Treasury Optimized 

Enterprise IT Infrastructure. 

Enterprise Architecture: It is the policy of the Bureau to implement and comply with the 

requirements of the Clinger-Cohen Act, the Government Performance and Results Act, 

the Federal Information Security Reform Act, Office of Management and Budget (OMB) 

Circular A-130, “Management of Federal Information Resources,” OMB Circular A-11, 

Part 7, and associated Capital Programming Guide, and all applicable Federal Enterprise 

Architecture guidance issued by OMB, to include both the Federal Enterprise 

Architecture and associated reference models. 
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4.2 – Program Assessment Table 

OMB Major Findings/Recommendations

 1. The program's New Currency program has a clear purpose, is well 

 planned, and is managed effectively.

 2. The program met the initial production and timeline goals of its New

 Currency program with the rollout of the new twenty dollar bill in 2003. 

 3. The program has adequate long-term targets and timeframes, 

 including planned rollouts of counterfeit deterrent features for use in future 

 generation notes through the next 7 to 10 years. 

Bureau Actions Planned or Underway

 1. Working closely with the Advanced Counterfeit Steering Committee 

 to identify and evaluate future counterfeit deterrent designs. 

 2. Continuing to work with the Advanced Counterfeit Deterrent Steering 

 Committee to assess impact of New Currency on counterfeiting 

 performance measures across government. 

 3. Monitoring design and overhead costs related to the manufacture of 

 currency to ensure the most efficient production and distribution of future 

 denominations. 

OMB Major Findings/Recommendations

 1. This program is on track to reduce security costs by 43% from 2006 

 to 2012. 

 2. This program maintains high consistency and reliability standards, 

 demonstrated by its ISO 9001 certification. 

 3. Guarding against theft is a priority of this program. 

Bureau Actions Planned or Underway

 1. Perform in-depth, annual assessments of the program's security and 

 accountability processes by an internal group not associated with the program and

 contracting with an outside group on a 2-to-3-year cycle. 

Program Name: New Currency Manufacturing 

Program Name: Protection and Accountability

 2. Ensure that proper accountability and security features are identified and 

 addressed during each stage of acquisition and installation of new equipment. 

For a complete list of program results visit the following website: 

http://www.whitehouse.gov/omb/expectmore/all.html