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    

Federal Reserve Note $5 1934 Lgs Pmg Graded Gem Uncirculated 66 Epq Federal Reserve Note 1934 $5 Lgs Pmg Graded Gem Uncirculated 65epqFr 2027-b $10 Error Note 1985 Pmg Gem Uncirculated 66 Epq Frn Currency Ink SmearFederal Reserve Note $20 1934 Pmg Graded Superb Gem Uncirculated 67 Epq Hgr 1934b $5 Cleveland ***star*** ((x-rare 3 Known)) Super GradeSeries Of 1914 $1 Federal Reserve Bank Of San Francisco Large Note1914 Series 5$ Five Dollars Lincoln Large Note No ReserveUncut Sheet Of Four 1976 Bicentennial Federal Reserve $2 Notes Stars!*uc* 1934 $10 Lgs New York Federal Note!!! Pcgs Gem New 66 Ppq!!! Fr 2004-bHgr 1918 $2 Rare St Louis ((ww1 Battleship)) Super Grade1918 New York,ny $1 Large Federal Reserve Note ~extra FineHgr 1928 $10 Numerical#4 ((2of2 Consec#)) Very Near UncirculatedHgr 1928 $10 Numerical#4 ((1of2 Consec#)) Very Near UncirculatedSeries 1928 $1000 Dollar Federal Reserve Note Pcgs Au551934 $500 Hundred Dollars Frn New York Vf 25 PmgPack Of 100 $1 1999 Richmond Star Frns -beautiful Gem Bep Pack -scarce!!!*uc* 1976 $2 *star* Dallas Federal Note!! Pmg Superb Gem Unc 67 Epq!! Fr 1935-k*1934 A Chicago Bank $1000 One Thousand Dollar Bill1934 Federal Reserve Note, $5 Star Note, Pcgs 58 Ppq, Fr# 1956-a*, Dgs, Boston1914 Us $5 Red Seal Federal Reserve Large Size Note -new York- Vg/ FineFederal Reserve Note $5 1950-d Pmg Graded Gem Uncirculated 66epq1913 $10 Federal Reserve Note$10 1928b Federal Reserve Note Philadelphia (c) Gem CuLot (8) 1950 A $10 Uncirculated Federal Reserve Notes, (3) Consecutive Serial No$5.00 1928 Dallas District Numeral "11" Redeemable In Gold Clause Pmg 63epq1914 Large Circulated $5 Five Dollar Red Seal Federal Reserve Note1899 $1 Black Eagle, Speelman/ White, Nice Note1914 United States $20 Federal Reserve Large Size Note San Francisco-burke/glassTough 1969c $5 Federal Reserve Star Note Fr. 1972-k* Pmg 66epq "great Embossing"1914 Us $10 Federal Reserve Large Size Note - Cleveland -burke/ Glass- Fine 1934-a $10 Green Seal Federal Reserve Note Boston Massachusetts * Star * Note1977 $1 Star Note Ser# Foo857095* Pmg Superb Gem Unc 67 Epq - Atlanta2013 $2 Double Deuce Set With 2003a & 2009 Bep Two Dollar NotesHgr 1963a $100 Atlanta ((finest Known)) Pmg Superb Gem 67epq$1.00 2003 Atlanta District Star Pack 100 Star Consecutive Frn NotesHgr 1914 $5 Frn ((1of2 Consecutive#)) Near UncirculatedHgr 1914 $5 Frn ((2of2 Consecutive#)) Near Uncirculated*uc* 1969 $5 *star* San Fran Federal!! Pcgs Superb Gem New 67 Ppq!! Fr 1969-l**uc* 1976 $2 *star* San Fran Federal Note! Pmg Superb Gem Unc 67 Epq! Fr 1935-l*1929 $10 Ten Dollar Bill St Louis Fr Bank Note Us Paper Money National Currency1976 $2 Dollar (4) Stars Uncut Uncirculated Consecutive Us Bills-no Reserve1934 Federal Reserve Bank "cleveland" $20 ~set Of 4~ - Gem Unc1934-a San Francisco $500 Frn (fr#2202-l) "pmg 35epq" *free S/h After 1st Item*Fr.1890-i 1929 $100 Minneapolis Frbn National Currency Pmg About Uncirculated 55Large Note One Dollar St Louis, Mo Federal Reserve Bank NoteUnited States 1918 $1 Federal Reserve National Note Chicago G60134256a Fr # 729Rare Kansas City Type-a 1914 $5 Large Federal Reserve NoteSeries Of 1914 $1 Federal Reserve Bank Of Richmond Large NoteRare 6 Digit Serial Number, 1899 $1 Black Eagle, Tahee / Burke, Nice NoteTough 1928a $10 Federal Reserve Note Fr. 2001-b Pmg Au-58epq Fresh!Large 1914 $10 Dollar Bill Federal Reserve Note Currency Big Paper Money Fr 9092013 $2 Star Note! **atlanta** Gem Uncirculated! Low Issue! New Currency! 1of2$100 1914 Federal Reserve Note New York Pmg 20 (very Fine)20 Dollar Federal Reserve Note 1914 2-bRare Burke/ Macadoo 1914 $ 10 2-b New York, Large Federal Reserve NoteGenuine Series 1914 $5 And $20 Federal Reserve Notes.1899 $2 Mini Porthole, Vernon/ Mcclung, Nice Note1914 Federal Reserve Note "cleveland" $5 - EfFederal Reserve Note $20 1993 Star Pmg Graded Superb Gem Uncirculated 67 Epq 1914 United States $20 Dollar Federal Reserve Large Size Note -new York- Vf / Xf