Historic First: Women Signatures on U.S. Currency at Bureau of Engraving and Printing
Treasury Secretary Janet Yellen and Treasurer Lynn Malerba make history with their signatures on U.S. money, showcasing the intricate process of currency production.
File
How America makes its money 60 Minutes
Added on 09/28/2024
Speakers
add Add new speaker

Speaker 1: 60 Minutes Overtime Hot off the presses, oh my gosh. We're here in Fort Worth at the Bureau of Engraving and Printing. Oh, that's fantastic. Wow. Look, that's great. That's my signature. For the first time ever in America's history, two women have their signatures on this. Oh my gosh, look. Here's our money. We were there as Treasury Secretary Janet Yellen, the first woman to hold the position, and Treasurer Lynn Malerba, the first Native American to fill the role, saw their signatures on U.S. money for the first time.

Speaker 2: This is pretty historic to be with the two of you, your names both on these dollar bills and five dollar bills. Well, we've never had two women before on the currency, and I think we're both first in our own right.

Speaker 3: Being the first Secretary of Treasury is an amazing accomplishment, and I am so proud to be working with her, and I'm exceedingly proud to have my name on the money with her.

Speaker 4: This is our engraving department at the Bureau of Engraving and Printing.

Speaker 1: Another woman, Charlene Williams, oversees the production of America's paper money. This is a tool that is used for hand engraving. At the Bureau of Engraving and Printing. We love what we do here, making money. She showed us how the U.S. dollar is created, a process that begins with an order from the Federal Reserve.

Speaker 4: If you are looking at producing a 5, 10, 20, 50, 100, the first stage of the operation is called offset printing. It's where you simultaneously print the back and the face of the sheet at the same time, and then it dries for 72 hours. Then it goes to your plate printing operation, which we refer to as intaglio printing. That's where you have fine line engraving. Intaglio printing really is a staple of United States paper currency. It literally has been in our business for 160 years. It dries for another 72 hours, and then it goes to your face printing, and it dries for another 72 hours. The sheets are then inspected, and then they go to what is called large examining printing equipment. That's the final processing stage of where your Federal Reserve seal, serial numbers, and treasury seal are incorporated onto the final note. At the very end, we end up putting a total of 16,000 notes into a cash pack, which weighs about 37 pounds. A total skid has 40 cash packs on it, and that's what is a finished product that we prepare to be shipped out. But if you want to know how much money we truly have here, it's zero. It's not a dollar until it becomes property of the Federal Reserve Board. Tick,

ai AI Insights
Summary

Generate a brief summary highlighting the main points of the transcript.

Generate
Title

Generate a concise and relevant title for the transcript based on the main themes and content discussed.

Generate
Keywords

Identify and highlight the key words or phrases most relevant to the content of the transcript.

Generate
Enter your query
Sentiments

Analyze the emotional tone of the transcript to determine whether the sentiment is positive, negative, or neutral.

Generate
Quizzes

Create interactive quizzes based on the content of the transcript to test comprehension or engage users.

Generate
{{ secondsToHumanTime(time) }}
Back
Forward
{{ Math.round(speed * 100) / 100 }}x
{{ secondsToHumanTime(duration) }}
close
New speaker
Add speaker
close
Edit speaker
Save changes
close
Share Transcript