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 2007 FY 2008 FY 2009

Bureau of Engraving and Printing Obligated Estimated Estimated $ Change % Change 

Manufacturing $493,000 $469,000 $497,500 $28,500 6.08%

Protection and Accountability of Assets 63,000 62,000 62,000 0 0.00%

Total Resources $556,000 $531,000 $559,500 $28,500 5.37%

FY 2009 Priorities 

• The continued re-tooling and retrofitting of the currency production process which 

will allow BEP to integrate to a 50-subject (notes per sheet) manufacturing capability 

from the current 32-subject (notes per sheet) currency production process. This new 

equipment will ensure that the BEP continues to operate in an efficient and costeffective manner. 

• The introduction of a new $100 note. The new $100 notes will contain enhanced 

security features including subtle background colors as well as a new overt 

counterfeit deterrent feature. The Federal Reserve will determine when the new note 

is issued to the public. The new notes are part of the current multi-year initiative to 

implement the most ambitious currency redesign in United States history. 

• 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. 

• Continue to work with the Advanced Counterfeit Deterrent Committee and other 

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

features for use in future currency notes that will enhance and protect future notes. 
Table of Contents 

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

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

1B – Program History and Future Outlook..................................................................... 2 

Section 2 – Budget Adjustments and Appropriation Language................................... 5

2.2 – Operating Levels Table.......................................................................................... 5 

2.3 – Resource Detail Table............................................................................................ 6 

2B – Appropriations Language and Explanation of Changes......................................... 6 

2C – Legislative Proposals ............................................................................................. 6 

Section 3 – Budget and Performance Plan ..................................................................... 7

3.1 – Budget by Strategic Outcome ................................................................................ 7 

3A – Manufacturing....................................................................................................... 7 

3.2.1 – Manufacturing Budget and Performance Plan.................................................... 8 

3B – Protection and Accountability of Assets............................................................... 8 

3.2.2 – Protection and Accountability of Assets Budget and Performance Plan............ 9 

Section 4 – Supporting Materials.................................................................................. 11

4A – Human Capital Strategy Description ................................................................... 11 

4.1 – Summary of IT Resources Table ......................................................................... 12 

4B – Information Technology Strategy ........................................................................ 13 

4.2 – PART Evaluation Table....................................................................................... 14 
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. This eliminated 

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. The Bureau strives to produce U.S. 

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 2009 include the continued re-tooling and retrofitting 

of the currency production process which will allow the BEP to integrate to a 50-subject 

(notes per sheet) manufacturing capability from the current 32-subject (notes per sheet) 

currency production process. This new equipment will ensure that the BEP continues to 

operate in an efficient and cost-effective manner. Another top priority for FY 2009 is the 

introduction of a new $100 note. The new $100 notes will contain enhanced security 

features including subtle background colors as well as a new overt counterfeit deterrent 

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

Background colors help consumers, particularly those who are visually impaired, to tell 

the denominations apart. 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 U. S. notes. 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 the Department of the Treasury’s strategic objective, Trust and 

Confidence in U.S. 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, more 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, is continually researching counterfeit deterrent features for 

possible use in future currency designs that will enhance and protect future 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 information which instills public 

confidence in order to enable commerce. 

In FY 2008, production of a redesigned $5 note will begin and it will be placed in 

circulation later in the year. 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. This note was selected to be redesigned 

at this time 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 paper. The public was deceived because of similarities between the 

placement of the security features on the $5 and $100 notes. 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. A redesigned $100 note is scheduled to be in production in FY 2009. 

Public Education: Because the improved security features in the redesigned currency are 

most effective when the public knows about and uses the features to authenticate their 

currency, a broad, public education program is crucial to the anti-counterfeiting 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 

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and training materials to the public in order to inform them about the latest currency 

designs. These materials are also available on line and can be downloaded from

www.moneyfactory.gov/newmoney. The site has received over 222 million hits since its 

launch in May 2003 and gets about 280,000 unique visitors each month. 

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 U.S. 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 U.S. currency worldwide is less than one percent of 

genuine U.S. currency in circulation. 

An education campaign 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 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 2008 

and FY 2009 that will enhance productivity and reduce spoilage. 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. 

Improvements 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 

in redeploying resources to other areas while enhancing it’s capability of delivering a 

high quality product. 

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

remains strongly committed to the continued streamlining and development of its 

workforce through an array of career development programs tailored to the demand and 

skill requirements of a high-technology workplace. In FY 2008, BEP plans to perform a 

skills assessment of its workforce in preparation for the installation of new manufacturing 

technology and 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 

Dollars in Thousands

Bureau: Bureau of Engraving and Printing FY 2007 

Obligated

FY 2008 

Estimated

FY 2009 

Estimated

FTE 2,109 2,200 2,150

Object Classification:

 11.1 - Full-time permanent 161,500 166,200 168,300

 11.3 - Other than full-time permanent 0 0 0

 11.5 - Other personnel compensation 13,000 11,900 13,000

 11.8 - Special personal services payments 0 0 0

 12 - Personnel benefits 46,000 46,500 47,000

 13 - Benefits for former personnel 0 0 0

 21 - Travel and transportation of persons 1,750 1,900 1,900

 22 - Transportation of things 150 100 100

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

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

 23.3 - Comm, utilities, and misc charges 12,000 12,500 15,000

 24 - Printing and reproduction 800 800 800

 25 - Other contractual Services 0 0 0

 25.1 - Advisory and assistance services 4,500 4,500 4,600

 25.2 - Other services 44,000 45,000 51,000

 25.3 - Other purchases of goods and services from Govt. accounts 0 0 0

 25.4 - Operation and maintenance of facilities 8,200 8,500 8,700

 25.5 - Research and development contracts 3,000 3,000 3,000

 25.6 - Medical care 0 0 0

 25.7 - Operation and maintenance of equip 7,000 7,000 7,000

 25.8 - Subsistence and support of persons 0 0 0

 26 - Supplies and materials 171,000 155,000 176,000

 31 - Equipment 80,000 65,000 60,000

 32 - Land and structures 0 0 0

 33 - Investments and loans 0 0 0

 41 - Grants, subsidies, and contributions 0 0 0

 42 - Insurance claims and indemnities 100 100 100

 43 - Interest and dividends 0 0 0

 44 - Refunds 0 0 0

Total Budget Authority $556,000 $531,000 $559,500

Budget Activities:

 Manufacturing 493,000 469,000 497,500

 Protection and Accountability of Assets 63,000 62,000 62,000

Total Budget Authority $556,000 $531,000 $559,500

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2.3 – Resource Detail Table 

% Change

FY 2007

Description to FY 2008 FTE AMOUNT FTE AMOUNT FTE AMOUNT

Revenue:

Federal Reserve Notes $572,700 $532,000 $562,000 5.6%

Other Security Products 5,400 6,000 6,000 0.0%

Total Revenue $578,100 $538,000 $568,000 5.6%

Expenses:

Direct Manufacturing 1800 1700 1650 -2.9%

Paper and Ink $171,000 $160,000 $180,000 12.5%

Direct Labor 32,000 31,500 31,000 -1.6%

Other Direct MfgCosts 7,000 7,500 7,500 0.0%

Subtotal Direct Manufacturing Costs 210,000 199,000 218,500 9.8%

 Indirect Manufacturing Support 500 259,500 500 269,000 500 278,000 3.3%

 Total Manufacturing Activity Costs 469,500 468,000 496,500 6.1%

Total Protection & Accountability of Assets ActivityCosts 62,300 63,000 63,000 0.0%

Total Expenses $531,800 $531,000 $559,500 5.4%

Net Results $46,300 $7,000 $8,500 21.4%

Federal Reserve NotesManufactured (in Billions) 9.1 8.3 9.3 12.0%

Actual

FY 2008

Estimated

FY 2009

Estimated

Dollars in Thousands

FY 2007

2B – Appropriations Language and Explanation of Changes 

BEP receives no appropriated funds from Congress. 

2C – Legislative Proposals 

BEP has no legislative proposals for FY 2009. 

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Section 3 – Budget and Performance Plan

This table lists all FY 2009 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 2008 FY 2009 Percent

Estimated Estimated Change

AMOUNT AMOUNT AMOUNT 

 U.S. notes & coins 531,000 559,500 5.4%

Total $531,000 $559,500 5.4%

3A – Manufacturing ($497,500,000 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 2007, the Bureau delivered 9.1 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 8.3 billion notes for delivery in FY 2008 

and their order is estimated at 9.3 billion notes for FY 2009 based on their projections of 

currency demand. 

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3.2.1 – Manufacturing Budget and Performance Plan 

Manufacturing Budget Activity

FY 2005 FY 2006 FY 2007 FY 2008 FY 2009

Resource Level Obligated Obligated Obligated Estimated Estimated

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

 Reimbursable Resources $436,000 $445,000 $493,000 $469,000 $497,500

Total Resources $436,000 $445,000 $493,000 $469,000 $497,500

Budget Activity Total $436,000 $445,000 $493,000 $469,000 $497,500

Manufacturing Budget Activity

 Measure FY 2005 FY 2006 FY 2007 FY 2008 FY 2009

Actual Actual Actual Target Target

Manufacturing costs for currency (dollar costs 

per thousand notes produced) ($) (E) 

$28.83 $27.71 $28.71 $33 $34

Percent of currency notes delivered to the 

Federal Reserve that meet customer quality

requirements (%) (Oe)

 99.9% 99.9% 100% 99.9% 99.9%

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 seven 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 three 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 ($62,000,000 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, Trust and confidence in U.S. Currency 

Worldwide. 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 

are accounted for while in production and that customers receive the correct quantity of

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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 2005 FY 2006 FY 2007 FY 2008 FY 2009

Resource Level Obligated Obligated Obligated Estimated Estimated

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

 Reimbursable Resources $56,000 $61,000 $63,000 $62,000 $62,000

Total Resources $56,000 $61,000 $63,000 $62,000 $62,000

Budget Activity Total $56,000 $61,000 $63,000 $62,000 $62,000

Protection and Accountability of Assets 

Budget Activity

 Measure FY 2005 FY 2006 FY 2007 FY 2008 FY 2009

Actual Actual Actual Target Target

Security costs per 1000 notes delivered ($) (E) $5.75 $6 $5.92 $5.65 $5.5

Currency shipment discrepancies per million 

notes (%) (Oe) 

 0% 0.01% 0.01% 0.01% 0.01%

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 0 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. This measure 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 

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annual basis 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/2007-par.shtml

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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 

completed a functional realignment of its organizational structure in early FY 2007. The 

realignment streamlined the organization and the Bureau has benefited from the synergies 

created. FY’s 2008/2009 human capital strategy includes: 

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

meet its goals; 

• Expansion of the BEP Telework program enhancing employee work life and 

increasing work flexibilities that benefit employee recruitment and retention 

programs; 

• Mission critical training for all Bureau employees is documented in the “BEP Master 

Training Plan.” In collaboration with management, mission critical training was 

identified and made available to all Bureau employees. Training is on-going; 

• Management’s annual performance goals and accomplishment of strategic goals are 

directly linked to the achievement of organizational goals; 

• All employee performance plans include core elements directly linked to 

organizational goals; 

• BEP’s Senior Management Service Candidate Development Program reflects the 

Bureaus’ commitment to provide equal opportunities at the highest management 

levels and improve succession planning; and 

• Completing a skills assessment survey to identify and target skill gaps and prepare for 

the wave of baby-boomer retirements. 
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4.1 – Summary of IT Resources Table 

Dollars in Thousands

Information Technology Investments 

FY 2006 FY 2007 FY 2008 

& Earlier Likely % Change 

Major IT Investments/Funding Source Budget Activity Enacted Enacted Enacted FY07 to F

0 0 0 

Subtotal, Major IT Investments $0 $0 $0 Non-Major IT Investments Technology1

Manufacturing Support Systems Manufacturing 1.6 1.2 1.4 Public Sales System N/A 0.61 0.63 0.78 WebTA N/A 0.04 0.02 0.07 

Subtotal, Non-Major IT Investments $2.25 $1.85 $2.25 Infrastructure Investments2 0 0 0 

BEP Data Ctr. Sys. & Serv. (for Consolidation) Manufacturing 3.6 3 5.7 

BEP End User Sys. & Serv. (for Consolidation) Manufacturing 3.8 3.1 6.2 BEP Telecommunications (for Consolidation) Manufacturing 0.51 0.45 0.3 BEP Infrastructure Security (for Consolidation) Protection and Accountability 1.4 1.8 0 -

Subtotal, Infrastructure Investments $9.31 $8.35 $12.20 Enterprise Architecture N/A 0.271 0.02 0.05 -Subtotal, Enterprise Architecture Investments $0.27 $0.02 $0.05 -IT Investments $11.83 $10.22 $14.50 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.
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. 
4.2 – PART Evaluation Table 

PART Name: New Currency Manufacturing 

Year PARTed: 2005

Rating Effective 

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 $20 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 seven to ten 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 its design and overhead costs related to the manufacture of New

 Currency to ensure the most efficient production and distribution of future

 denominations. 

PART Name: Protection and Accountability

Year PARTed: 2006

Rating Effective 

OMB Major Findings/Recommendations

 1. This program is on track to reduce security costs by 43 percent 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. Performing in-depth, annual assessments of the program's security and 

 accountability by an internal group not associated with the program and

 contracting with an outside group on a two-to-three-year cycle. 

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

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

 3. Updating and revising the Bureau's strategic plan; the new plan will focus on 

 enhancing the Protection and Accountability program.

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

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

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