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Also created as part of the Federal Reserve System was a 12-member Federal Advisory Committee and a single new United States currency, the Federal Reserve Note. The Federal Reserve Act created a national currency and a monetary system that could respond effectively to the stresses in the banking system and create a stable financial system.
1918: The only large-sized, Federal Reserve Note-like $1 bill was issued as a Federal Reserve Bank Note (not to be confused with Federal Reserve Notes). Each note was an obligation of the issuing Federal Reserve Bank and could only be redeemed at that corresponding bank.
1934 US$10,000 Federal Reserve Note. The United States 10,000-dollar bill (US$10000) (1878–1934) is an obsolete denomination of the United States dollar.The $10,000 note was the highest denomination of US currency to be used by the public and was no longer issued after 1969.
A one-dollar bill, the most common Federal Reserve Note . Federal Reserve Notes are the currently issued banknotes of the United States dollar. [1] The United States Bureau of Engraving and Printing produces the notes under the authority of the Federal Reserve Act of 1913 [2] and issues them to the Federal Reserve Banks at the discretion of the Board of Governors of the Federal Reserve System. [2]
This bill didn’t even make it to the public. The $100,000 bill was for official government work within the Department of Treasury and the Federal Reserve Banks. $100,000 Series 1934 Gold Certificate
In 1878 and 1880 the Treasury produced the $1,000 bill as a silver certificate. Other subsequent versions were produced in 1878, 1880 and 1891. In 1913, a large-size version of the bill was issued as a Federal Reserve Note. In 1882, the note was issued as a gold certificate.
1918 (): A federal reserve banknote with Grover Cleveland on the front, and a back design similar to the 1914 Federal Reserve Note. 1928 : Switched to a small-sized note with a portrait of Andrew Jackson on the face and the south view of the White House on the reverse.
1918: Federal Reserve Bank Notes (not to be confused with Federal Reserve Notes) were issued by the Federal Reserve Bank of St. Louis. The obverse was similar to the 1914 Federal Reserve Notes, except for large wording in the center of the note and a borderless portrait on the left side.
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