fbpx
Wikipedia

Federal Reserve Bank Note

October 19, 2023

Not to be confused with Federal Reserve Note.

Federal Reserve Bank Notes are banknotes that are legal tender in the United States issued between 1915 and 1934, together with United States Notes, Silver Certificates, Gold Certificates, National Bank Notes and Federal Reserve Notes.[1] They were specified in the Federal Reserve Act of 1913 and had the same value as other kinds of notes of similar value. Federal Reserve Bank Notes are different from Federal Reserve Notes in that they are backed by one of the twelve Federal Reserve Banks, rather than by all collectively. Federal Reserve Bank Notes were envisioned as a replacement for National Bank Notes, but that did not prove to be the case.[2] They were backed in a similar way to National Bank Notes, using U.S. bonds, but issued by Federal Reserve banks instead of by chartered National banks. Federal Reserve Bank Notes are no longer issued; the only U.S. banknotes still in production since 1971 are the Federal Reserve Notes.

Large size Federal Reserve Bank Notes were first issued in 1915 in denominations of $5, $10, and $20, using a design that shared elements with both the National Bank Notes and the Federal Reserve Notes of the time. Additional denominations of $1, $2, and $50 were issued in 1918 as an emergency replacement for Silver Certificates, which were temporarily removed from circulation under the Pittman Act.[3]

Small size Federal Reserve Bank Notes were printed as an emergency issue in 1933 using the same paper stock as 1929 National Bank Notes. They were printed in denominations of $5 through $100. A National Bank Note has a line for the signature of the president of the national bank, but the small size Federal Reserve Bank Note printed a bar over the label for this line, since Federal Reserve Banks had governors, not presidents.[4] The wording, "Or by like deposit of other securities" was added after the phrase, "Secured by United States bonds deposited with the Treasurer of the United States of America".[5] This emergency issue of notes was prompted by the public hoarding of cash due to many bank failures happening at the time. This also limited the ability of the National Banks to issue notes of their own. Small size Federal Reserve Bank Notes were discontinued in 1934 and have not been available from banks since 1945.[4] As small size notes, they have brown seals and serial numbers, as do National Bank Notes of the era. But while they look very similar, and both have the words, "National Currency" across the top of the obverse, they had different issuers and are considered to be distinctly different types of bills.

Complete denomination type set of Federal Reserve Bank Notes Edit

Large-size notes Edit

Large-size Federal Reserve Bank Notes: Series 1915/1918
Image Value Dimensions Main Color Description
Obverse/Reverse Obverse Reverse
  $1 Large-size note
7.375 x 3.125 inches (187 x 79 mm) 		Green; Black George Washington Eagle with flag.
  $2 Large-size note
7.375 x 3.125 inches (187 x 79 mm) 		Green; Black Thomas Jefferson Battleship (New York Class, BB-34 and BB-35).
  $5 Large-size note
7.375 x 3.125 inches (187 x 79 mm) 		Green; Black Abraham Lincoln Columbus in sight of land; landing of the pilgrims
  $10 Large-size note
7.375 x 3.125 inches (187 x 79 mm) 		Green; Black Andrew Jackson Industry vignettes (farm and factory)
  $20 Large-size note
7.375 x 3.125 inches (187 x 79 mm) 		Green; Black Grover Cleveland Transportation vignettes (land, sea, and air)
  $50 Large-size note
7.375 x 3.125 inches (187 x 79 mm) 		Green; Black Ulysses S. Grant Panama between two ships
  $100 Large-size proof
7.375 x 3.125 inches (187 x 79 mm) 		Green; Black Benjamin Franklin None, this denomination was never issued (proof only)

Small-size notes Edit

Small-size Federal Reserve Bank Notes: Series 1929
Image Value Dimensions Main Color Description
Obverse/Reverse Obverse Reverse
  $5 Small-size note
6.125 x 2.625 inches (156 x 67 mm) 		Green; Black Abraham Lincoln Lincoln Memorial
  $10 Small-size note
6.125 x 2.625 inches (156 x 67 mm) 		Green; Black Alexander Hamilton US Treasury Building
  $20 Small-size note
6.125 x 2.625 inches (156 x 67 mm) 		Green; Black Andrew Jackson The White House
  $50 Small-size note
6.125 x 2.625 inches (156 x 67 mm) 		Green; Black Ulysses S. Grant US Capitol Building
  $100 Small-size note
6.125 x 2.625 inches (156 x 67 mm) 		Green; Black Benjamin Franklin Independence Hall

References Edit

  1. ^ "Legal Tender Status". Retrieved 3 September 2015.
  2. ^ Carlson R. Chambliss and Gene Hessler (2014), The Comprehensive Catalog of U.S. Federal Large-Size Notes, 1861-1929, Page 230
  3. ^ Chambliss and Hessler (2014), Page 240
  4. ^ a b "Six Kinds of United States Paper Currency". Retrieved 3 September 2015.
  5. ^ "USPaperMoney.Info: History of Currency Designs". Retrieved 3 September 2015.

October 19, 2023
federal, reserve, bank, note, confused, with, federal, reserve, note, banknotes, that, legal, tender, united, states, issued, between, 1915, 1934, together, with, united, states, notes, silver, certificates, gold, certificates, national, bank, notes, federal, . Not to be confused with Federal Reserve Note Federal Reserve Bank Notes are banknotes that are legal tender in the United States issued between 1915 and 1934 together with United States Notes Silver Certificates Gold Certificates National Bank Notes and Federal Reserve Notes 1 They were specified in the Federal Reserve Act of 1913 and had the same value as other kinds of notes of similar value Federal Reserve Bank Notes are different from Federal Reserve Notes in that they are backed by one of the twelve Federal Reserve Banks rather than by all collectively Federal Reserve Bank Notes were envisioned as a replacement for National Bank Notes but that did not prove to be the case 2 They were backed in a similar way to National Bank Notes using U S bonds but issued by Federal Reserve banks instead of by chartered National banks Federal Reserve Bank Notes are no longer issued the only U S banknotes still in production since 1971 are the Federal Reserve Notes Large size Federal Reserve Bank Notes were first issued in 1915 in denominations of 5 10 and 20 using a design that shared elements with both the National Bank Notes and the Federal Reserve Notes of the time Additional denominations of 1 2 and 50 were issued in 1918 as an emergency replacement for Silver Certificates which were temporarily removed from circulation under the Pittman Act 3 Small size Federal Reserve Bank Notes were printed as an emergency issue in 1933 using the same paper stock as 1929 National Bank Notes They were printed in denominations of 5 through 100 A National Bank Note has a line for the signature of the president of the national bank but the small size Federal Reserve Bank Note printed a bar over the label for this line since Federal Reserve Banks had governors not presidents 4 The wording Or by like deposit of other securities was added after the phrase Secured by United States bonds deposited with the Treasurer of the United States of America 5 This emergency issue of notes was prompted by the public hoarding of cash due to many bank failures happening at the time This also limited the ability of the National Banks to issue notes of their own Small size Federal Reserve Bank Notes were discontinued in 1934 and have not been available from banks since 1945 4 As small size notes they have brown seals and serial numbers as do National Bank Notes of the era But while they look very similar and both have the words National Currency across the top of the obverse they had different issuers and are considered to be distinctly different types of bills Contents 1 Complete denomination type set of Federal Reserve Bank Notes 1 1 Large size notes 1 2 Small size notes 2 ReferencesComplete denomination type set of Federal Reserve Bank Notes EditLarge size notes Edit Large size Federal Reserve Bank Notes Series 1915 1918Image Value Dimensions Main Color DescriptionObverse Reverse Obverse Reverse nbsp 1 Large size note7 375 x 3 125 inches 187 x 79 mm Green Black George Washington Eagle with flag nbsp 2 Large size note7 375 x 3 125 inches 187 x 79 mm Green Black Thomas Jefferson Battleship New York Class BB 34 and BB 35 nbsp 5 Large size note7 375 x 3 125 inches 187 x 79 mm Green Black Abraham Lincoln Columbus in sight of land landing of the pilgrims nbsp 10 Large size note7 375 x 3 125 inches 187 x 79 mm Green Black Andrew Jackson Industry vignettes farm and factory nbsp 20 Large size note7 375 x 3 125 inches 187 x 79 mm Green Black Grover Cleveland Transportation vignettes land sea and air nbsp 50 Large size note7 375 x 3 125 inches 187 x 79 mm Green Black Ulysses S Grant Panama between two ships nbsp 100 Large size proof7 375 x 3 125 inches 187 x 79 mm Green Black Benjamin Franklin None this denomination was never issued proof only Small size notes Edit Small size Federal Reserve Bank Notes Series 1929Image Value Dimensions Main Color DescriptionObverse Reverse Obverse Reverse nbsp 5 Small size note6 125 x 2 625 inches 156 x 67 mm Green Black Abraham Lincoln Lincoln Memorial nbsp 10 Small size note6 125 x 2 625 inches 156 x 67 mm Green Black Alexander Hamilton US Treasury Building nbsp 20 Small size note6 125 x 2 625 inches 156 x 67 mm Green Black Andrew Jackson The White House nbsp 50 Small size note6 125 x 2 625 inches 156 x 67 mm Green Black Ulysses S Grant US Capitol Building nbsp 100 Small size note6 125 x 2 625 inches 156 x 67 mm Green Black Benjamin Franklin Independence HallReferences Edit nbsp Money portal nbsp Numismatics portal nbsp United States portal Legal Tender Status Retrieved 3 September 2015 Carlson R Chambliss and Gene Hessler 2014 The Comprehensive Catalog of U S Federal Large Size Notes 1861 1929 Page 230 Chambliss and Hessler 2014 Page 240 a b Six Kinds of United States Paper Currency Retrieved 3 September 2015 USPaperMoney Info History of Currency Designs Retrieved 3 September 2015 Retrieved from https en wikipedia org w index php title Federal Reserve Bank Note amp oldid 1141266020, wikipedia, wiki, book, books, library,

article

, read, download, free, free download, mp3, video, mp4, 3gp, jpg, jpeg, gif, png, picture, music, song, movie, book, game, games.