In 1913, Congress passed the Federal Reserve Act, which created the Federal Reserve, established Federal Reserve Banks, and adopted Federal Reserve Notes (the stuff in our wallets that we call money) as the nation’s official currency.

One of the options given to Federal Reserve Banks was the ability to issue their own Federal Reserve Bank Notes that could be used as legal tender but were only redeemable at the originating Federal Reserve Bank—until 1933, these notes were redeemable in gold. The first of these notes, dated 1915, were similar in design to the larger-size bills of the day, sharing graphic elements from National Bank Notes.

The backs of these notes are particularly handsome, making them much collected. The so-called "Battleship $2" from 1918 features Thomas Jefferson on the front and the Battleship New York on the back. Ten-dollar Federal Reserve Bank Notes from 1915 are printed with the same engraving of a horse-drawn reaper facing a factory as the Federal Reserve Notes from that year. But on the fronts of all Federal Reserve Bank Notes is the name of the bank issuing the note.

After issues in 1915 and 1918, the notes went on hiatus until 1933, when smaller, Series 1929 notes were printed as emergency currency during the banking crisis that accompanied the Great Depression. These notes had brown seals and the name of the issuing Federal Reserve Bank on their fronts.

One especially odd detail about these notes is the clumsy way in which the word "President" in the lower-right corner of the bill was blacked out (in some cases not even completely). The word was supposed to go below the signature of the head of the issuing Federal Reserve Bank, but Federal Reserve Banks have governors not presidents, so "President" was blotted out and unceremoniously replaced by the word "Governor."


Best of the Web (“Hall of Fame”)

American Currency Exhibit

American Currency Exhibit

This collection, from the Federal Reserve Bank of San Francisco, covers currency from 1690 through half a dozen era… [read review or visit site]

Bank Note Bank

Bank Note Bank

This world banknote and currency image-sharing database is notable for its breadth of contributors and content (abo… [read review or visit site]

Two Cent Revenue Stamped Paper

Two Cent Revenue Stamped Paper

Everything you'd ever want to know about revenue stamped paper (first authorized in 1862). This site features infor… [read review or visit site]



Clubs & Associations

Other Great Reference Sites

Most watched eBay auctions    

1934a $1000 Frn One Thousand Dollar Bill Pcgs Xf40 Ppq Stunning!1934 $1000 Federal Reserve Note Cracklin Fresh Light Green Seal, Boston Au-unc. 1934 $1000 Thousand Dollar Federal Reserve Note Minneapolis, Mn **no Reserve**1899 $1 Black Eagle Silver Certificate Pmg 64 Choice Uncirculated Epq1934 $500 Dollar Bill Federal Reserve, Five Hundred Dollars San Francisco, Ca1934 A $1000 Dollar Bill Chicago Circulated1914$20 Federal Reserve Note Red Seal1934 A $1000 Dollar Bill New York Circulated$10 Test Note Specimen 1929 Pmg 66 Epq American Bank Note Rare Variety1976 Series Two Dollar Bill Uncut Sheet Of 4 Star Notes Uncirculated Framed $2 G1934 $1000 One Thousand Dollar Bill Pcgs 501934a $500 Frn Five Hundred Dollar Bill Pmg Cu64 (looks Gem) Superb!1000 Dollar Bill1934a $500 Frn Five Hundred Dollar Bill Pcgs Au53 Ppq Superb!Kd 1934a $500 Five Hundred Dollar Bill G313877a Cga 66 Opq Uncirculated Estate Found Large Size Series 1914 $20 Federal Reserve Note Horseblanket1934-a $500 Federal Reserve Note Fr.2202-k Very Nice You Grade!$10 American Bank Note Company Specimen 1929 Colorized Very Rare Pmg Gem 65Series Of 1918 One Dollar Federal Reserve Note Nice$500 & $1000 Dollar Bills Notes Currency Cash Money 1 Bid Gets Both - No Reserve$1000 1934a San Francisco Pmg F12 Serial L00084240a1914 $5 Federal Reserve Bank Note~ Large Size ~ Almost Uncirculated~$500 1934a New York Cga Vf25* No Reserve Money 1918 $5 Frbn Chicago District.pmg-64epq$1000 1934a Atlanta Pmg 40 Serial F00126065a1928 $100 Frn "philadelphia" Fr-2150-c Gem Unc,cga 66 Opq $100 Denom!Full Offset Printing Error Bold Color $1 1977 Federal Reserve Pmg 64 Epq 19771914 $5 Federal Reserve Note Fr. 859a Pcgs 58ppq And 50ppq - 2 Consecutive1917 United Statestwo Dollar $2 Bill Large Note Legal Tender Red Seal Fair-goodRare (only 38!) Pmg Graded F#887b 1914 $5 Dallas Federal Reserve Note - Bid Now1934 $1000 Federal Reserve Note Fr.2211-g Very Nice You Grade!$500 1934a St Louis Cga Gem 64* Excellent1934a $500 Five Hundred Dollar Bill Note Cash Money Pcgs Au58 ** No Reserve ** 1914 $5 Federal Reserve Note; Kansas City; Red Seal$5.00 1907 Fr.90 Woodchopper Pioneer Legal Tender Average Circulated Fine2013 $5 Ma Run 1 Boston Star Note Pack Of 100 Gem UncSilver Certificate Usa $1 Nd Prefix A00000880-882a Pcgs 63 3 Pcs In Uncut1928 $20 Frn Chicago District "redeemable In Gold Clause" Numerical "7"Fr# 2175b* Star, 1996 $100 Federal Reserve Error *star* Note Au+1914 $5 Federal Reserve Note; St. Louis; Red Seal1934 $500 "star" Federal Reserve Note.new York District.fr.#2201b*Kd 1934a $500 Five Hundred Dollar Bill G313877a Cga 66 Opq Federal Reserve Note$5 2003a Atlanta Banded Star Pack Of 100 Gem Cu 1963 B Joseph Barr $1 Pack Of 100 Consecutive Fdr Notes Sealed Gem, Unc. Radar Repeater Binary Semi Ladder 767767 1918 $1.00 Super Crisp Uncirculated $1000 1934 St Louis Lgs Superior Grading Vf30$500 1934a Richmond Cga 64* Rare District Rare Beauty No ReservePack Of 100 Consecutive 1995 Atlanta Crisp Uncirculated $2 Federal Reserve Notes1914 Five Dollar Large Federal Reserve Note Ohio Lincoln High Grade1973 Canadian $1 Serial #4 Pmg 65 Epq$50 National Currency - The Federal Reserve Bank Of Cleveland - Still Crisp Nr!!2-$1.00 1923 Silver Certificates + $1.00 1917 Legal Tender ImperfectLarge 1914 $5 Dollar Bill San Francisco Federal Reserve Note Us Currency MoneyUncut, Uncirculated Sheet Of 16, Two Dollar ($2) 1976 Dept Of The Treasury Bills2015 Lucky Money Goat # 888888891914 $1 Federal Reserve Note New York National Currency 1918 Series *no Reserve*1914 United States $ 20 Dollar Federal Reserve New York, Ny Large Size Note1981 Uncut Sheet (16) Uncirculated $1 Dollar Bill Notes With Frame Folder***star*** 1953b $2 Red Seal Star Note Pcgs Vcn 64 Fr.1511* 99cent Start Nr1934a $1000 Dollar Note Pcgs Vf35