In an essay in the 2012 Annual Report, San Francisco Fed President and CEO John C. Williams explains why currency in circulation is soaring at the same time Americans are turning away from cash to pay for purchases. Read "Cash Is Dead! Long Live Cash!" in the San Francisco Fed's 2012 Annual Report.<http://www.frbsf.org/publications/federalreserve/annual/2012/index.html?utm_source=employees&utm_medium=email&utm_campaign=annual-report-2012> Also included on the site are links to Ten Questions About U.S. Currency and the American Currency Exhibit.
_________________________________________ Steven Fisher Regional Program Manager Economic Education Public Information Federal Reserve Bank of San Francisco - Seattle 2700 Naches Ave SW Renton, WA. 98057 ph: 425-203-0799 fax: 425-203-0728 www.frbsf.org<http://www.frbsf.org>
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