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lquadland10 (< 20)

Just a question.

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August 13, 2009 – Comments (5) | RELATED TICKERS: SLV , AUY , BX

Ok fools. Need some education here. I was looking at my dollars. on the one dollar bill on the seal it says Federal Reserve Bank of Atlanta Georgia. However on the new fives and tens it says United States Federal Reserve Sysetm. NO mention of any bank. Could some one explain the difference? Just something I noticed and was wondering about. Thank you.

5 Comments – Post Your Own

#1) On August 13, 2009 at 8:41 AM, h2ound08 (< 20) wrote:

very interesting, i checked out my own wallet, and my findings are thus: 3 singles, each with a specific bank (2 Boston, MA, 1 San Francisco, CA...go figure), but the twenty says United States Federal Reserve System.  good eye land10.  maybe they only print singles at different branches, and the larger bills are printed centrally?

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#2) On August 13, 2009 at 9:19 AM, lquadland10 (< 20) wrote:

no the old ones had banks

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#3) On August 13, 2009 at 9:55 AM, TMFKris (88.85) wrote:

An excellent and interesting question.

Maybe this from the Bureau of Engraving and Printing will help a bit.

http://www.bep.treas.gov/document.cfm/18/119 

It seems only the Bureau prints money, but the different Reserve banks issue the bills. That doesn't shed any light on the $1/$5 etc. difference. But in 1996 new anti-counterfeit measures were added to all the bills except $1 and $2, so maybe that has something to do with it. http://www.squidoo.com/dollarhistory

- Kris (TMFMiloBreathed)

 

 

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#4) On August 13, 2009 at 9:56 AM, SnapDave (56.25) wrote:

The Bureau of Engraving and Printing and Secret Service websites have more info.  From what I remember, the newer convention is to generally not have the local reserve bank on the seal although it is identified by letter either in the serial number or somewhere else (I don’t remember where).  I think it may be easier and cheaper to print.  All notes are printed in one or two locations and then shipped to the local Fed banks. 

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#5) On August 13, 2009 at 6:11 PM, lquadland10 (< 20) wrote:

Did not explain on the web sights. Thank you. I will have to go to the bank.

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