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!$500 & $1000 Dollar Bills Notes Currency Cash Money 1 Bid Gets Both - No Reserve1934a $500 Frn Five Hundred Dollar Bill Pcgs Au53 Ppq Superb!1934 A $1000 Dollar Bill Chicago Circulated1934 $500 Dollar Bill Federal Reserve, Five Hundred Dollars San Francisco, Ca1934a $500 Frn Five Hundred Dollar Bill Pmg Cu64 (looks Gem) Superb!1934 A $1000 Dollar Bill New York Circulated1000 Dollar Bill1934-a $1000 Federal Reserve Note- Chicago- No Reserve1976 Series Two Dollar Bill Uncut Sheet Of 4 Star Notes Uncirculated Framed $2 G1934a $500 Five Hundred Dollar Bill Note Cash Money Pcgs Au58 ** No Reserve ** Kd 1934a $500 Five Hundred Dollar Bill G313877a Cga 66 Opq Uncirculated 1918 $5 Frbn Chicago District.pmg-64epq1914 $5 Federal Reserve Note Fr. 859a Pcgs 58ppq And 50ppq - 2 ConsecutiveEstate Found Large Size Series 1914 $20 Federal Reserve Note Horseblanket1914$20 Federal Reserve Note Red SealRare (only 38!) Pmg Graded F#887b 1914 $5 Dallas Federal Reserve Note - Bid Now$1000 1934a Atlanta Pmg 40 Serial F00126065a1914 $5 Federal Reserve Bank Note~ Large Size ~ Almost Uncirculated~Hgr 1929 $10 Abnc Specimen ((x-rare Colorized)) Pmg Gem 65epqSilver Certificate Usa $1 Nd Prefix A00000880-882a Pcgs 63 3 Pcs In Uncut2013 $5 Ma Run 1 Boston Star Note Pack Of 100 Gem Unc$5.00 1907 Fr.90 Woodchopper Pioneer Legal Tender Average Circulated Fine1914 $5 Federal Reserve Note; Kansas City; Red Seal1934-a $500 & $1000 Notes! One Price Gets Both!1914 $5 Federal Reserve Note; St. Louis; Red Seal$50 National Currency - The Federal Reserve Bank Of Cleveland - Still Crisp Nr!!$1000 1934 St Louis Lgs Superior Grading Vf30Kd 1934a $500 Five Hundred Dollar Bill G313877a Cga 66 Opq Federal Reserve Note$5 2003a Atlanta Banded Star Pack Of 100 Gem Cu 1934 $50 Dollar Bill Old Paper Money U.s. Currency- District B1976 Uncut Sheet Of 8 Crisp Usa 2 Dollars Uncirculated $2 Legal Money Gift BillsLarge 1914 $5 Dollar Bill San Francisco Federal Reserve Note Us Currency Money$500 1934a Richmond Cga 64* Rare District Rare Beauty No Reserve1934 $500 Five Hundred Dollar Bill Note New York District Pmg Ef 40 - No ReserveHgr 1918 $1 Green Eagle ((finest Known 1/0)) Cga Superb Gem 68-opqUsa/ Star Note / Cleveland - $1, 2009. 100 Pcs Star Note In Continuous No. Cu. 2-$1.00 1923 Silver Certificates + $1.00 1917 Legal Tender ImperfectHgr 1934 $50 Lime Seal ((finest Known)) Cga Superb Gem 68-opq*uc* 1934 $100 Lgs New York Federal Reserve Note!!! Pcgs Ch New 632015 Lucky Money Goat # 88888889*uc* 1976 $2 *star* San Fran Federal Reserve Note!! Pmg Superb Gem Unc 67 Epq1934a $500 Five Hundred Dollar Bill Note Cash Money Pmg Ef 45 ** No Reserve **1934 $500 Five Hundred Dollar Note $10 1914 Atlanta Frn Cga 66* Gorgeous MoneyHgr 1914 $5 Frn ((rare Glass Signature)) Cga Gem Unc 66-opqDocs Impressive $100 Redeemable In Gold Note Series 1928a - Crisp Beauty! Nr!!Uncut, Uncirculated Sheet Of 16, Two Dollar ($2) 1976 Dept Of The Treasury Bills1914 United States $ 20 Dollar Federal Reserve New York, Ny Large Size NoteNoblespirit No Reserve 3816/371 Desirable $50 Grant Star Note 1950c Choice F/vfScarce (just 104!) 1914 $20 San Francisco Fed Res Note Pmg Vf 25 F#1008 Bid Now20 Dollars Jackson Federal Reserve Bank Of Chicago Illinois 1934 UncUncut Sheet Of Four 2001 $5 Federal Reserve Notes1914 10 Federal Reserve Note1914 Federal Reserve Note1928 B $5 New York - Federal Reserve NoteAvc- 1934-a $500 Federal Reserve Note - #g00357918a - Choice Au$5 1914 Richmond Beauty Cga 66* Opq$100 1974 Series Hundred Dollar Bill New York Federal Reserve Note$50 Star Note Series 1974 "g" Chicago Nice