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Edited on Thu Nov-08-07 12:05 PM by Stalwart
These are the serial numbers on all $100 bills produced by the Bureau of Printing and Engraving in D.C. and sent to the NY Federal Reserve Bank prior to the turnover by the CPA to Iraq until June 2004 of 8 billion unaccounted for US dollars, mostly in $100 denominations.
As you can see, Many of the bills on hand at the NYFRB prior to June 2004 must have been included in the cash shipments made by the NYFRB to Iraq.
Are cash payments in actual $100 bills being made to Pakistan? What are the serial numbers of bills circulating in Pakistan?
All bills sent by the NYFRB to Iraq were sequentially serialized when produced by the BEP and then shipped by the original unopened pallet loads to Iraq from the NYFRB.
How much of what was shipped to Iraq might be showing up in Pakistan identified to these serial numbers and how might they have gotten there? New US $100 bills easily make their way to money changers in any country.
Total BEP Monthly Production Reports of all $100 bills produced for the NYFRB, data taken from the BEP website:
October 2002 $100.00 2001 CB 86,400,001 A -- CB 99,200,000 C 12,800,000 $1.2 Billion $100.00 2001 CB 1 D CB 25,600,000 D 25,600,000 $2.56 Billion
November 2002 $100.00 2001 CB 25,600,001 D CB 96,000,000 D 70,400,000 $7.04 Billion
December 2002 $100.00 2001 CB 96,000,001 D - CB 99,200,000 D 3,200,000 $320 Million $100.00 2001 CB 1 E CB 67,200,000 E 67,200,000 $6.72 Billion
Janurary 2003 $100.00 2001 CB 67,200,001 E CB 99,200,000E 32,200,000 $3.22 Billion $100.00 2001 CB 1 F CB 19,200,000F 19,200,000 $1.92 Billion
February 2003 $100.00 2001 CB 19,200,001 F CB 83,200,000 F 64,000,000 $6.4 Billion
Next production batch after CPA turnover: July 2004 $100.00 2003N DB 1 A DB 32,000,000 A 32,000,000 $3.2 Billion
From the Waxman hearing 21 June 2005:
Mr. KUCINICH. Is it within your jurisdiction to provide this com- mittee with the serial numbers that came through Federal Re- serve—I take it these were new $100 bills—to provide this commit- tee with the information with respect to any list on which those se- rial numbers have turned up on coming back through Customs, who held those serial numbers? Do we have that? Mr. BOWEN. No, we do not. And we have not—the measures that I have described have not produced findings, so to speak.
Mr. KUCINICH. I thank the Chair. Mr. Bowen, I would like to explore a little bit more about this cash environment. We know from Mr. Waxman’s testimony that the administration transferred from New York to Baghdad more than $281 million individual currency notes on 484 pallets that in- cluded more than 107 million $100 bills, and he put up on the screen what the Federal officials called cash packs, pictures of them, and each one of these cash packs contained 16,000 bills. One cash pack with $100 bills is worth $1.6 million, and the Federal Reserve shipped more than 19,000 of these cash packs to Iraq. You agree substantially with that description, correction? Mr. BOWEN. Yes, I do.
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