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There is about $1.2 trillion dollars of U.S. currency in circulation. The Federal Reserve Banks distribute new currency for the U.S. Treasury Department, which prints it. Depository institutions buy currency from Federal Reserve Banks when they need it to meet customer demand, and they deposit cash at the Fed when they have more than they need to meet customer demand.
The Federal Reserve Seal and the Federal Reserve District Number. There are twelve different Federal Reserve Banks responsible for printing paper money in the United States. On the one dollar bill, the bank can be quickly identified by a letter code in the Federal Reserve Seal to the left of the portrait of George Washington. The letter code is also found in the prefix of the serial number. A corresponding Federal Reserve District Number code is found in four locations.