Description: These notes were issued under the same Act that authorized the first issue of Federal Reserve Bank Notes, namely, the Federal Reserve Act of December 23, 1913. All denominations were issued from 5 to 10,000 Dollars. The notes from 5 to 100 Dollars are Series of 1914, those from 500 to 10,000 Dollars are Series of 1918. The Federal Reserve Notes were issued by the United States to all Twelve Federal Reserve Banks and through them to the member banks and the public. The notes were not issued by the banks themselves (as were the Federal Reserve Bank Notes) and the obligation to pay the bearer is borne by the government, not by the banks. Hence, these notes were not secured by United States bonds or other securities.
Price: 99.99 USD
Location: Norcross, Georgia
End Time: 2024-12-15T02:28:00.000Z
Shipping Cost: N/A USD
Product Images
Item Specifics
All returns accepted: ReturnsNotAccepted
Circulated/Uncirculated: Circulated
Denomination: $5
Type: Banknotes
Year: 1914
Grade: Ungraded
Country/Region of Manufacture: United States
Certification: Uncertified
