![]() Overall: 8 cm x 18.9 cm x. The Federal Reserve Board issues new currency called Federal Reserve notes. United States: Massachusetts, Boston Physical Description The Federal Reserve Act of 1913 establishes the Federal Reserve as the nation’s central bank and provides for a national banking system that is more responsive to the fluctuating financial needs of the country. Locationīureau of Engraving and Printing place made Reverse Text: ONE DOLLAR / NATIONAL CURRENCY / FEDERAL RESERVE BANK NOTE / 1 / THIS NOTE IS RECEIVABLE AT PAR IN ALL PARTS OF THE UNITED STATES IN PAYMENT OF ALL TAXES AND EXCISES AND ALL OTHER DUES TO THE UNITED STATES EXCEPT DUTIES ON IMPORTS AND ALSO FOR ALL SALARIES AND OTHER DEBTS AND DEMANDS OWING BY THE UNITED STATES TO INDIVIDUALS CORPORATIONS AND ASSOCIATIONS WITHIN THE UNITED STATES EXCEPT INTEREST ON PUBLIC DEBT. FRBNs, as they are referred to in the hobby, were actually payable by the individual Federal Reserve banks, whereas FRNs were payable by the United States. All Denominations: All notes in a deposit must be clearly more than 50 percent of a note to receive credit. If depositing 50 or 100 denominations, they must be in full straps and/or full bundles. Reverse Image: A flying eagle clutching an American flag. Federal Reserve Bank Notes differ from Federal Reserve Notes in the language of which entity will be paying to the bearer on demand. For 1 through 20 denominations, your deposit (s) must contain full bundles. FEDERAL RESERVE BANK NOTE / THESAUR / AMER / SEPTENT / SIGIL / AUTHORIZED BY THE ACTS OF DEC. Obverse Text: ONE / NATIONAL CURRENCY / 1 / A-1 / SERIES OF 1918 / SECURED BY UNITED STATES CERTIFICATES OF INDEBTEDNESS OR UNITED STATES ONE-YEAR GOLD NOTES, DEPOSITED WITH THE TREASURER OF THE UNITED STATES OF AMERICA / REGISTER OF THE TREASURY / TREASURER OF THE UNITED STATES / A25928190A / B 132 / THE FEDERAL RESERVE BANK OF BOSTON MASSACHUSETTS WILL PAY TO THE BEARER ON DEMAND ONE DOLLAR / CASHIER. Obverse Image: Portrait of George Washington.
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