On August 29, 1862, the U.S. Treasury authorized the creation of what became the Bureau of Engraving and Printing. The bureau took on the job of producing paper currency and other secure documents. Before this, various banks and entities issued their own notes, which could be confusing and easier to counterfeit. Centralized production improved consistency and security for the nation’s money. Over time, the bureau expanded its facilities and technology. The establishment of the bureau was a key step in modernizing the U.S. financial system.
