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Local sources tell me this: Counterfeit bills turned in to the Fed used to number 1-2 per YEAR. At this date (April 12, 2013 - Friday), the count turned in to the Fed was already at 10 and we are only at April 15, 2013.

You can't possibly be serious.

First, counterfeits are reported and turned over to the SECRET SERVICE (part of the Treasury Dept,) not the Fed.

Second, the value of domestic currency in circulation is about 300 billion. If it was all 100s that would be about 3 billion notes, but 100s only account for about 1/3rd of currency. The total number of notes in domestic circulation is about 10 billion, mostly 20s, 50s and 100s, each being about 1/3rd of the total.

Treasury estimates about 1 in 10,000 notes is counterfeit, so that's about 1 MILLION counterfeits currently circulating.

http://www.federalreserve.gov/newsevents/press/other/20061025a.htm http://visualeconomics.creditloan.com/the-value-of-united-states-currency-in-circulation/

Now tell us all again how you think that one or two counterfeit notes of any denomination PER YEAR are discovered when there are a million or so circulating, and TENS OF THOUSANDS (perhaps more than a hundred thousand) of counterfeit notes are turned in every year.

Nobody is this stupid. And your "sources" are at least as totally full of it as you are.

WTF, princess? I read it as he was talking about his local bank branch and didn't give it a second thought until you posted your diatribe.

Are you always this insanely over the top grade 1 a$$hole, or was today special?

Just curious when you chose to broadside this poster?

First, counterfeits are reported and turned over to the SECRET SERVICE (part of the Treasury Dept,) not the Fed.

That is the Federal agency to whom the bills were given. You are parsing words. Yes, the source is valid and accurate and that IS what is happening. You can name call all you want.