Department of the Treasury 

Bureau of Engraving and 

Printing 

Congressional Budget 

Justification and Annual 

Performance Plan and Report 

FY 2022 
BEP – 2 

Table of Contents 

Section I – Budget Request........................................................................................................... 3

A – Mission Statement ................................................................................................................ 3

B – Summary of the Request ...................................................................................................... 3

1.1 – Resources Detail Table ...................................................................................................... 5

1.2 – Budget Adjustments Table ................................................................................................. 6

C – Budget Increases and Decreases Description ....................................................................... 6

1.3 – Object Classification (Schedule O) Obligations ................................................................ 8

D – Appropriations Language and Explanation of Changes ...................................................... 8

E – Legislative Proposals ............................................................................................................ 8

Section II – Annual Performance Plan and Report ................................................................... 9

A – Strategic Alignment ............................................................................................................. 9

B – Budget and Performance by Budget Activity .................................................................... 10

2.1 – Manufacturing Resources and Measures ......................................................................... 10

Manufacturing Budget and Performance .................................................................................. 10

C – Changes in Performance Measures .................................................................................... 11

D – Evidence-Building Activity ............................................................................................... 11

Section III – Additional Information ........................................................................................ 13

A – Summary of Capital Investments ....................................................................................... 13
BEP – 3 

Section I – Budget Request 

A – Mission Statement 

To develop and produce United States currency notes trusted worldwide. 

B – Summary of the Request 

The Bureau of Engraving and Printing (BEP) produces and delivers U.S. currency notes for the 

Federal Reserve System ordered by the Board of Governors of the Federal Reserve (FRB) and other 

security products for the Federal Government. BEP began printing currency in 1862 and 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 through a 

revolving fund established in 1950 in accordance with Public Law 81-656. The fund is reimbursed 

for direct and indirect costs of operations, including administrative expenses, through product sales. 

In 1977, Public Law 95-81 authorized BEP 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 

annual discretionary appropriations. 

BEP provides technical assistance, advice, and some production services to other federal agencies in 

the development of security documents that require counterfeit deterrent features due to their innate 

value or other characteristics. Other activities at BEP include engraving plates and dyes; 

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

and storing and delivering products in accordance with customer requirements. BEP supports 

BEP’s FY 2022 request funds the following projects: 

1. Replacement Production Facility: In FY 2019, BEP received legislative authority to acquire 

land and fund construction of a more efficient production facility to replace BEP’s current aging 

Washington, D.C. facility. Additionally, a provision of the 2018 Farm Bill authorizes the 

transfer of a U.S. Department of Agriculture (USDA) land parcel in Beltsville, Maryland to the 

Department of the Treasury to be the site for BEP’s replacement production facility. BEP is 

conducting a suitability assessment of the site with support from the U.S. Army Corps of 

Engineers. The property transfer Memorandum of Agreement (MOA) between USDA and 

Treasury was finalized in early 2020. The formal transfer of administrative control from USDA 

to Treasury is anticipated in late 2021. A replacement facility will save an estimated $579 

million over 10 years, as compared to the cost of the renovation of the existing facility. In 

addition, BEP will reduce its annual operating costs by at least $38 million through production, 

material handling, and other operational/support efficiencies. 

In 2021, BEP plans to begin early site development construction activities estimated at $30 

million to include the removal of hazardous building materials, demolition of twenty-two former 

agriculture research buildings and minor utility system relocations to support the BEP 

development. Contracts for this work will be awarded in late summer 2021. FY 2022 funding in 

the amount of $897 million will include the award of the construction contract for the 

replacement facility. Specifically, it will fund the structure of the building. The contract will 

cover the construction of a smaller, more efficient facility to support current and future 

manufacturing processes.

2. Western Currency Facility Expansion: BEP began expanding the Western Currency Facility 

(WCF) in FY 2018 to house and support the new equipment required for the next generation of 
BEP – 4 

currency design. Producing the next family of updated notes requires that BEP purchase and 

install new production equipment to support the new designs. The expansion will provide the 

space and infrastructure necessary to successfully meet the production requirements of the next 

family of U.S. currency banknotes that focus on the integration of strong, new security features. 

The expansion work is expected to be completed in FY 2022. The FY 2022 projected cost for the 

WCF is $1 million for construction close-out activities. 

3. Banknote Design and Development: In FY 2022, BEP will continue to work on this multi-year 

project with the Federal Government’s Advanced Counterfeit Deterrent (ACD) Steering 

Committee to research and develop improved security features for the next family of updated 

notes. The ACD Committee is an inter-agency group established to monitor and explore existing 

and emerging technologies to deter the counterfeiting of U.S. currency. It includes 

representatives from BEP, the Department of the Treasury, the U.S. Secret Service, and the 

Federal Reserve Board (FRB). The updated notes will focus on innovative banknote security 

and anti-counterfeit technology that will enhance and ensure the security and integrity of U.S. 

currency. While many factors are taken into consideration when updating currency, the primary 

purpose for updating notes is to improve the security of U.S. banknotes and ensure they maintain 

their position as being trusted worldwide. 

4. Retooling: BEP is conducting a multi-year effort to retool its manufacturing processes with stateof-the-art intaglio printing presses, electronic inspection systems, and finishing equipment. To 

ensure that BEP will meet the annual currency order, the FRB and BEP developed short, 

medium, and long-term strategic equipment replacement plans for the U.S. Currency Program. 

Successful implementation of advanced technology improves productivity, reduces 

environmental impact, and enhances counterfeit deterrence of U.S. currency notes. In 

FY 2021/2022, the major retooling initiatives include:

 Upgrade and completely automate the $100 finishing line to integrate Single Note 

Inspection technology. The capability to inspect single notes provides a significant 

improvement over BEP’s traditional sheet inspection process. Spoilage will be reduced 

significantly, and processing efficiency will increase resulting in cost savings. 

 Replace obsolete electrical and mechanical parts on existing presses and upgrade the 

inspection system to meet present and future currency printing requirements, as well as to 

extend the life of electrical and mechanical systems in the existing machinery. 

 Replace aging COPE–PAK equipment with the next generation of processing technology 

including the Large Examining and Printing Equipment (ns-LEPE). This project will 

replace the existing aging equipment and will expand BEP capabilities to manufacture 50 

notes per sheet across all production lines. This will improve productivity for the 

remaining currency denominations that continue to be produced at 32 notes per sheet. 

 Replace existing electrolytic chrome line with a PVD (Physical Vapor Deposition) 

Chrome system. PVD has known environmental plate life improvement benefits. This 

project will eliminate the BEP's need to use hexavalent chromium to coat printing plates. 

PVD coatings could also improve plate life. 

 The LEPE Inspection and Electrical Upgrades project is to make improvements to the 

existing system in operation to bring them up to the new capabilities that are included on 

the next generation LEPE system mentioned above. 
BEP – 5 

5. Human Capital/Talent Management: The BEP will continue its designated talent 

management initiatives, while filling personnel gaps in needed STEM and cybersecurity skill 

sets. The BEP has proactively continued to fill the gaps in STEM and cybersecurity positions 

in FY 2021 by utilizing a variety of hiring authorities and participating in a virtual fair in 

November 2020, which specifically targeted STEM positions in the federal government. 

Additionally, the BEP attended six recruitment events in the D.C. and Dallas/Ft. Worth 

locations to attract potential candidates in targeted demographic areas. STEM positions will 

continue to be highlighted by the BEP during our participation in four upcoming Recruit 

Military career fairs targeting potential veteran applicants. To date we have on boarded 13 

new hires in the STEM field. 

In terms of Employee Engagement, BEP continued making deliberate efforts to assess and 

track all engagement related activities and metrics including: implementation of a “Core 

Values” program; development and implementation of a Collaborative Communication 

Network; development of an Employee Appreciation program; and the establishment of a 

BEP Community Spirit program that took place during FY 2020. Throughout FY 2021, BEP 

will rebrand employee engagement by educating the workforce on important engagement 

topics, reevaluating the current Engagement Strategy, recruiting new volunteers to implement 

the engagement initiatives, and promoting direct communications with BEP executive 

leadership to reinforce that their voices are heard. BEP will also continue to develop, 

execute, and communicate the results of Employee Engagement Plans and the annual Federal 

Employee Viewpoint Survey (FEVS) results. 

1.1 – Resources Detail Table 

Dollars in Thousands 

 FY 2020 FY 2021 FY 2022 FY 2021 to FY 2022 

Budgetary Resources Actual Revised Estimate Estimate % Change 

Revenue/Offsetting Collections FTE AMOUNT FTE AMOUNT FTE AMOUNT FTE AMOUNT 

Currency Program 1,737 $863,552 1,860 $1,029,054 1,860 $1,037,205 0.00% 0.79% 

Other Programs 0 10,009 0 10,000 0 10,000 0.00% 0.00% 

DC Replacement Facility 3 5,050 3 29,940 3 897,048 0.00% 2896.15% 

Total Revenue/Offsetting Collections 1,740 $878,611 1,863 $1,068,994 1,863 $1,944,253 0.00% 81.88% 

Expenses/Obligations 

Direct Manufacturing 823 415,585 876 429,104 876 429,961 0.00% 0.20% 

Indirect Manufacturing Support 914 457,976 984 609,950 984 617,244 0.00% 1.20% 

DC Replacement Facility 3 5,050 3 29,940 3 897,048 0.00% 2896.15% 

Total Expenses/Obligations 1,740 878,611 1,863 1,068,994 1,863 1,944,253 0.00% 81.88% 

Net Results 0 $0 0 $0 0 $0 NA NA 

 

 
BEP – 6 

1.2 – Budget Adjustments Table 

Dollars in Thousands 

 FTE Materials Operating 

& Capital Total 

FY 2021 Original Estimate 1,863 $248,921 $638,479 $887,400 

Program Changes 

Program Increases 0 140,079 41,515 181,594 

Currency Program (6.8B to 7.6B) 0 120,079 41,515 161,594 

Currency Paper Production COOP 0 20,000 0 20,000 

Subtotal Program Changes 0 140,079 41,515 181,594 

FY 2021 Revised Estimate 1,863 $389,000 $679,994 $1,068,994 

Changes to Base 

Maintaining Current Levels (MCLs) 0 5,278 11,145 16,423 

Pay Annualization (1.0% average pay raise) 0 0 726 726 

Pay Raise (2.7% average pay raise) 0 0 5,894 5,894 

FERS Contribution Increase 0 0 2,010 2,010 

Non-Pay 0 5,278 2,515 7,793 

Subtotal Changes to Base 0 5,278 11,145 16,423 

FY 2022 Current Services 1,863 $394,278 $691,139 $1,085,417 

Program Changes 

Program Decreases 0 (20,000) (25,247) (45,247) 

Currency Paper Production COOP 0 (20,000) 0 (20,000) 

Facilities Support 0 0 (4,890) (4,890) 

Manufacturing Support 0 0 (10,512) (10,512) 

WCF Building Expansion 0 0 (3,770) (3,770) 

Security and Accountability 0 0 (6,075) (6,075) 

Program Increases 0 0 904,083 904,083 

Washington D.C. Replacement Facility 0 0 867,108 867,108 

Retooling 0 0 36,975 36,975 

Subtotal Program Changes 0 (20,000) 878,836 858,836 

Total FY 2022 Estimate 1,863 $374,278 $1,569,975 $1,944,253 

C – Budget Increases and Decreases Description 

FY 2021 Adjustments 

Program Increases............................................................+$181,594,000 / +0 FTE 

Currency Program +161,594,000 / +0 FTE 

This increase is to reflect the currency order commitment increase from 6.8B to 7.6B notes. 

Currency Paper Production COOP +$20,000,000 / +0 FTE 

This increase is for the one-time COOP improvement to the currency paper production. 

Maintaining Current Levels (MCLs) ......................................................+$16,423,000 / +0 FTE 

Pay Annualization (1.0%) +$726,000 / +0 FTE 

Funds are required for annualization of the January 2021 1.0% average pay raise. 

Pay Raise (2.7% in 2022) +$5,894,000 / +0 FTE 

Funds are required for a 2.7% average pay raise in January 2022. 
BEP – 7 

FERS Contribution Increase +$2,010,000 / +0 FTE 

Funds are required for the Federal Employee Retirement System (FERS) contribution rates 

effective FY 2022. 

Non-Pay +$7,793,000 / +0 FTE 

Funds are required for non-labor expenses such as travel, contracts, rent, supplies, 

and equipment. 

FY 2022 Program Decreases.................................................................... -$45,247,000 / -0 FTE 

Currency Paper Production COOP -$20,000,000 / -0 FTE 

This is a reduction for the FY21 COOP improvement to the currency paper production. 

Facilities Support -$4,890, 000 / -0 FTE 

WCF vault automated racking system and shipping roof replacement. 

Manufacturing Support -$10,512,000 / -0 FTE 

Barcoding and RFID implementation and inspection equipment. 

WCF Building Expansion -$3,770,000 / -0 FTE 

Construction will be completed in FY 2022. 

Security and Accountability -$6,075,000 / -0 FTE 

Radio system upgrade for both facilities. 

FY 2022 Program Increases...................................................................+$904,083,000 / +0 FTE 

Washington DC Replacement Facility +867,108,000 / +0 FTE 

This amount reflects the increase of planned obligation for the new DC facility for FY 2022. 

Retooling +$36,975,000 / +0 FTE 

This increase reflects the planned capital spending for PVD (Physical Vapor Deposition) chrome 

system, offset press replacement and acquisition of additional LEPEs (Large Examining and 

Printing Equipment) and upgrade of existing LEPEs now in production. (LEPEs combine three 

previously separate processes of inspection, printing serial numbers and seals and final 

packaging). 
BEP – 8 

1.3 – Object Classification (Schedule O) Obligations 

Dollars in Thousands 

Object Classification 

FY 2020 

Actual 

Obligations 

FY 2021 

Estimated 

Obligations 

FY 2022 

Estimated 

Obligations 

11.1 - Full-time permanent 173,869 176,850 189,926 

11.3 - Other than full-time permanent 250 200 200 

11.5 - Other personnel compensation 20,618 8,012 7,500 

11.6 - Overtime 20,653 32,000 25,300 

11.9 - Personnel Compensation (Total) 215,390 217,062 222,926 

12.0 - Personnel benefits 73,509 73,274 73,730 

13.0 - Benefits for former personnel 1 3 3 

Total Personnel and Compensation Benefits $288,900 $290,340 $296,659 

21.0 - Travel and transportation of persons 786 1,927 1,965 

22.0 - Transportation of things 442 128 130 

23.1 - Rental payments to GSA 3,231 4,204 3,641 

23.2 - Rental payments to others 630 768 783 

23.3 - Communication, utilities, and misc. charges 20,113 23,133 24,150 

24.0 - Printing and reproduction 12 13 250 

25.1 - Advisory and assistance services 4,187 81,932 9,007 

25.2 - Other services 141,517 98,292 177,020 

25.3 - Other purchases of goods and services from Government 

Accounts 35,277 40,917 908,019 

25.4 - Operation and maintenance of facilities 39,528 6,126 6,159 

25.5 - Research and development contracts 7,127 4,397 4,083 

26.0 - Supplies and materials 236,419 389,069 376,129 

31.0 - Equipment 100,048 127,187 136,103 

42.0 - Insurance claims and indemnities 395 561 155 

Total Non-Personnel $589,711 $778,654 $1,647,594 

Total Obligations $878,611 $1,068,994 $1,944,253 

 

FTE 1,740 1,863 1,863 

D – Appropriations Language and Explanation of Changes 

The BEP does not require annual appropriations language. 

E – Legislative Proposals 

BEP has no legislative proposals. 
BEP – 9 

Section II – Annual Performance Plan and Report 

A – Strategic Alignment 

BEP's vision is to be the world’s standard securities printer providing its customers and the public 

with superior products through excellence in manufacturing and innovation. 

U.S. currency is used globally and as its manufacturer, BEP needs to achieve and maintain bestin-class practices for U.S. currency to be accepted worldwide. Working closely with its partners 

in the U.S. Currency Program, BEP looks forward to updating the next series of secure notes. 

BEP continues to make every effort to meet its mission to manufacture sophisticated and 

technologically advanced notes that are dependable in commerce. This achievement requires the 

focus and determination of the entire agency, since BEP faces challenges and is committed to 

stay ahead of increasingly sophisticated counterfeiters. 

In accordance with the Government Performance and Results Act Modernization Act 

(GPRAMA) of 2010, the Department of the Treasury is currently developing the FY 2022 – 

2026 Departmental Strategic Plan for publication in 2022. The Annual Performance Plan will be 

updated in the FY 2023 President’s Budget to reflect new departmental strategic goals and 

objectives. The Bureau of Engraving and Printing will also publish a component plan in FY 2022 

that aligns bureau activities and priorities to the Department’s Strategic Plan by the 3rd quarter of 

FY 2022. 

 
BEP – 10 

B – Budget and Performance by Budget Activity 

2.1 – Manufacturing Resources and Measures 

Dollars in Thousands

 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 

 Resource Level Actual Actual Actual Actual Actual Estimate Estimate 

Expenses/Obligations $648,365 $712,920 $914,134 $955,212 $878,611 $1,068,994 $1,944,253 

Budget Activity Total $648,365 $712,920 $914,134 $955,212 $878,611 $1,068,994 $1,944,253 

Full-time Equivalents (FTE) 1,790 1,818 1,748 1,727 1,740 1,863 1,863 

Performance Measure

FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2020 FY 2021 FY 2022

Actual Actual Actual Actual Actual Target Target Target

Currency Notes Delivered 

Returned Due to Defects 

(Parts per Million)

N/A B .0031ppm .09ppm .02ppm <1ppm <1ppm <1ppm

FEVS Satisfaction Index

N/A 73 74 74 74 >65% >65% >65%

Lost Time Accident Rate 

per 100 Employees2 1.77 1.36 0.78 1.48 1.01 <1.8 <1.8 <1.8

Manufacturing Costs For 

Currency (Dollar Costs Per 

Thousand Notes Produced) $44.25 $43.58 $47.41 $50.33 $56.19 $59.651 $64.33 $65.00

Yearly Currency Order 

(percent of order completed 

versus planned) N/A N/A N/A 100% 100% 100% 100% 100%

Key: B - Baseline

1 Target Manufacturing Cost in FY 2020 was increased from $55.73 to $59.65 in Jun 2020 in response to an increase in FY 2020 

order due to pandemic demand. 

2 Lost Time Accident Rates are adjusted following adjudication of accident reports received during each fiscal year. 

The FY 2016, 2017 and 2018 numbers shown reflect these adjustments. 

Manufacturing Budget and Performance 

($1,944,253,000 from reimbursable sources)

The BEP has one budget activity: Manufacturing. This budget activity supports all of BEP’s strategic 

goals. 

Description of Performance: 

Currency Notes Returned Due to Defects (in parts per million or ppm) is an indicator of BEP’s 

ability to provide a quality product. The target for this performance metric is <1 ppm. BEP was able 

to exceed the established target in FY 2020 due to improved quality assurance processes with an 

actual result of 0.02 ppm notes returned due to a defect. BEP’s target for this performance metric will 

be held constant at <1 ppm for FY 2021 and FY 2022. 

The Federal Employees Viewpoint Survey (FEVS) allows employees to share their opinion on what 

matters most to them. Based on the results of the survey, BEP can target areas for improvement or 
BEP – 11 

additional employee engagement. The measure uses the Department’s standard FEVS Satisfaction 

Index with a target of 65 percent. In FY 2021 and 2022, BEP will continue to strive for 

improvements in overall employee satisfaction. 

The Lost Time Accident Rate per 100 employees measures the BEP’s ability to reduce injuries and 

illnesses in the workplace. BEP’s FY 2020 Lost Time Accident rate was at 1.01 cases per 100 

employees, lower than the target of 1.80 cases per 100 employees. This performance resulted from 

increased focus on following safe work practices, avoiding hazards, and being a Director’s priority. 

For FY 2022, BEP remains committed to maintaining and improving the safety of its employees. 

BEP will continue to perform analysis to determine the root causes of any injury and to identify best 

practices in safety. A 1.8 case rate represents approximately one injury per facility per month, 

which is quite low. Therefore, BEP’s target will be held at 1.80 cases per 100 employees for 

FY 2021 and FY 2022.

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

manufacturing efficiency and effectiveness of program management. The measure is based on 

contracted price factors, productivity improvements, and the mix and timing of denominations 

ordered. Actual performance against standard costs depends on BEP’s ability to meet spoilage, 

efficiency, and capacity utilization goals. The final FY 2020 cost was $56.19 per 1,000 notes 

produced. BEP’s target for this performance metric is $59.65 in FY 2020 and $64.33 in FY 2021. 

The target for FY 2022 is set at $65.00 per 1,000 notes produced and will be refined once the 

currency order is received. 

The Yearly Currency Order measures BEP’s success in delivering the total number of currency notes 

ordered by the Federal Reserve Board annually. In FY 2020, BEP met its target of delivering 100 

percent of the currency notes ordered, including a 20 percent increase mid-year due to increased 

demand during the COVID-19 pandemic. In FY 2021, BEP has committed to deliver 7.6B notes. 

Additionally, the FRB will accept any additional production up to a total of 9.6B notes. Should 

production exceed the commitment of 7.6B notes, the Yearly Currency Order figure reported will be 

greater than 100percent (applicable to FY 2021 only). 

C – Changes in Performance Measures 

BEP has no changes in performance measures. 

D – Evidence-Building Activity 

The table below describes the BEP’s major evidence-building activities and corresponding 

resources. Additionally, refer to the Executive Summary for a discussion of Treasury-wide 

evidence-building functions. 

 

Type of Evidence 

Building Activity 

Major Activities and 

Planned Projects

Resource Types Use 

Evaluation 

Collection and analysis 

of data to assess 

effectiveness and 

efficiency of programs, 

policies, or procedures

Major activities: 

 Data collection and 

analysis is a key 

feature of production 

 Data collection performed 

by personnel in numerous 

job series, in addition to 

automated data collection 

systems. 

☒ For internal 

policy decisionmaking 

☒ During internal 

strategic 
BEP – 12 

Type of Evidence 

Building Activity 

Major Activities and 

Planned Projects

Resource Types Use 

Estimated share of all 

Evidence-Building 

Activities: 

 40 %

processes organizationwide. 

 Data Evaluation is 

performed at several levels, 

including on-press, in 

summary reports by 

management and senior 

leadership. 

management 

processes 

☐ By external 

partners 

(government) 

☐ By external 

partners 

 (nongovernment) 

☐ By unaffiliated 

external 

researchers 

☐ Other (describe) 

FY21 and FY22 

projects: 

 CQA 

Research 

Modeling or other 

systematic use of data 

to explore emerging 

issues or potential 

scenarios to generate 

new knowledge

Estimated share of all 

Evidence-Building 

Activities: 

 20 %

Major activities: 

 Currency security and 

other feature research 

and development 

 Correction and 

Preventive Actions 

 Security and other feature 

research and development 

consists of both basic and 

applied/practical research 

efforts. Personnel 

involved: doctorallyeducated research scientists 

(13xx) of various series. 

 Corrective and preventive 

actions (CAPA) result from 

process and or quality 

concerns, and involves 

practical research in both 

how our outcomes are 

produced, and how 

outcomes can be improved. 

Personnel involved: 

personnel in quality 

assurance (19xx) and 

production roles throughout 

the bureau. 

☒ For internal 

policy decisionmaking 

☐ During internal 

strategic 

management 

processes 

☐ By external 

partners 

(government) 

☐ By external 

partners 

 (nongovernment) 

☐ By unaffiliated 

external 

researchers 

☐ Other (describe) 

FY21 and FY22 

projects: 

 None 

Analysis 

Routine and frequent

use of data that 

produces insights for 

decision making and 

program management

Major activities: 

 Performance 

Measurement activities 

 Currency Quality 

Assurance (CQA) 

 As a normal part of its 

business, BEP manages 

using a number of metrics 

(both strategic and tactical), 

and takes action when 

parameters exceed 

established norms, or when 

☒ For internal 

policy decisionmaking 

☒ During internal 

strategic 

management 

processes 
BEP – 13 

Type of Evidence 

Building Activity 

Major Activities and 

Planned Projects

Resource Types Use 

Estimated share of all 

Evidence-Building 

Activities: 

 25 %

FY21 and FY22 

projects: 

 None 

product quality concerns 

are noted. 

 The quarterly Quality 

Management Review 

involves analysis of key 

metric data and 

performance, and allows

continuing review of 

suitability, adequacy, and 

effectiveness of its Quality 

Management System 

(QMS) and its alignment 

with the strategic direction 

of the Bureau. This 

meeting involves leaders 

from throughout the bureau 

in various job series. 

 These activities involve 

personnel in numerous job 

series. 

☐ By external 

partners 

(government) 

☐ By external 

partners 

 (nongovernment) 

☐ By unaffiliated 

external 

researchers 

☐ Other (describe) 

Statistics 

Collection, 

compilation, and 

processing of data for 

describing or 

estimating 

characteristics or 

insights concerning 

groups

Estimated share of all 

Evidence-Building 

Activities: 

15%

Major activities: 

 Characterization of 

product parameters 

using statistical 

process and quality 

control. 

 We use statistics to analyze 

results, product 

characteristics and 

performance to 

requirements. Examples of 

this include durability 

testing, in-line and offline 

currency inspection 

systems, and single note 

inspection (SNI). Job series 

involved in these activities 

include wage grade 

employees and 

management on press, 

engineers (08xx), scientists 

(13xx) and quality 

assurance specialists (19xx) 

offline. 

☒ For internal 

policy decisionmaking 

☐ During internal 

strategic 

management 

processes 

☐ By external 

partners 

(government) 

☐ By external 

partners 

 (nongovernment) 

☐ By unaffiliated 

external 

researchers 

☐ Other (describe) 

FY21 and FY22 

projects: 

 None 

Section III – Additional Information 

A – Summary of Capital Investments 

A summary of capital investment resources, including major information technology and nontechnology investments can be found at: 

https://www.treasury.gov/about/budget-performance/Pages/summary-of-capitalinvestments.aspx.