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."


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Series 1934, $1000 Dollar Bill In A F-vf Cond. Great Color And Super CollectableHgr 1918 $1 Frbn ((green Eagle)) High Grade$1, $5, $10, $20, And Rare $100 Series 1914/18 Federal Reserve Notes No Reserve1918 $1~large Size~national Currency Note -philadelphia~crisp Uncirculated~Hgr 1923 $1 Speelman/white ((rarely Offered Grade)) Pmg Gem Unc 66epq4-1976 $2 Dallas "4 Consecutive *star* Serials" Bi-centenial + Gem Uncirculated$10. 1934-a North Africa Yellow Seal Silver Certificate Pmg Au55epqTest Note Bureau Of Engraving And Printing - Giori Intaglio "buchanan" - 55ppqFr 760 1918 $2 Battleship Richmond Federal Reserve Bank Note4-1976 $2 Atlanta "4 Consecutive *star* Serials" Bi-centenial + Gem UncirculatedHgr 1934 $100 New York Rare ***rare Star*** Appears Near Uncirculated1914 $10 Federal Reserve Bank Note~ Atalanta ~ Crisp Almost Uncirculated~Hgr 1934a $10 Frn ***rare Star*** Appears Gem Uncirculated1914 Fifty Dollar Note1914 One Dollar Large Federal Reserve Note Kansas City $1 Bill Starts @ 99 CentsBeautiful Type A New York 1914 $20 Large Federal Reserve Note1862 $1 Us Milford Delaware "large Size" Currency! Old Us Paper Money 1918 $1 Green Eagle Frbn New York.low Serial Number. Fr-711 Pmg-35 Fr.2101-l 1928a $50 San Francisco Frn "gold On Demand Clause" Very Fine Rare1914 Series $20 Twenty Dollar U.s. Federal Reserve Note 7-g Chicago 1918 $1 Frbn,blue Seal Large Note,h-8 St. Louis,fr 731,green Eagle,vf,nice!1917 $2 Two Dollar Bill Pmg 30 Which Is Underated By Looking At It. Must See...1914 $5 Federal Reserve ~ Large Size Chicago ~ Crisp Almost Uncirculated~Fr.2052-d 1928b $20 Cleveland "gold Clause" Pcgs Choice New Uncirculated 64ppqFederal Reserve Note $10 1914 One Old Note Lower Grade 1914 Five Dollar Federal Reserve Blue Seal $5 Note Auction Starts At 99 Cents!1914 $5 Blue Federal Reserve "big 2-b" New York "large Size" Currency Vg! Old Us1854 $20 Us Large Size State Of Georgia! Augusta Union Old CurrencyFr 859c 1914 $5 Cleveland Federal Reserve Note Rare C Type Xf ConditionFr.2101-g 1928a $50 Chicago Frn "gold On Demand Clause" Very Fine Super RareFr 871c 1914 $5 Chicago Federal Reserve Note Rare C Type XfauSeries Of 1928 D $1000 Cleveland One Thousand Dollar Bill Pcgs Fine 151934a $1000 Note Federal Bank Of Chicago Nice Clean Crisp Corners1934a $1000 Federal Reserve Note - G-a Block1934 $1000 Bill. New York Lower Grade. Nr Free S/h1934 * $500 * Fr 2201-blgs * Frn New York * Pmg About Uncirculated 53 * Currency1934a $500 Mule 58ppq Choice About New Julian/morganthau 1934 $500 Boston Five Hundred Dollars .$100 Bills, And $50 Bill.$750 Value.1001928 D $500 Five Hundred Dollar Bill Redeemable In Gold Note Pcgs 30 Very Fine1934 $500 Green Seal From The Federal Reserve Bank Of Chicago,illinois$530 Face Value In 1928 And 1934 Series $10 Bills And A $500 BillSeries 1934a Bank Of New York $500 Bill - Nice !!!Series 1928 Us $500 Federal Reserve Note St. Louis District Gold Demand Bill $500 1934 A Kansas City Us Note Original J0004 No Reserve1934a $500 Federal Reserve Note - C-a BlockFr. 2200-h, 1928 $500 Frn, Pmg Ch. Vf35, Dark Green Seal, "redeemable In Gold"$500 1934 A $500 Dollar Bill- New York Us Currency Note $500 1934 A $500 Dollar Bill- Cleveland, Ohio Us Currency Note 1934 A $500.00 Federal Reserve Note + G00343714a+ Chicago, Illinois+ No Reserve!(3) New $100 Hundred Dollar *star* Notes Mint (au)/vf) Semi-consecutive 2009aPack Of (12) )$10.00 1995 G Starnotes Choice Uncirculated Notes All In A Row$5 Federal Reserve Premuim Set Serial #15621999 $5 Premium Federal Reserve Set100 2009 $2.00 Bills Crisp New **all In Sequence & Low Six Digit Serial Number**Fr.734 1918 $1 Frnb Minneapolis Pcgs 65ppq Gem New2003a $1 J00181001* - J00181100* Low Fancy New Unc Star Pack Of 100 ConsecutivePmg 35 1928-a $100 Redeemable In Gold Philadelphia Federal Reserve Note Fr#21511999 United States Currency Us Bep Pack 100 Consecutive $1 Star Notes! Bep3$100. 1934 Boston Dark Green Federal Reserve Note Original Pmg Au58epq1963b Granahan-barr $1, 100 Unc, G, In Sequence