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    

1934 $1000 One Thousand Dollar Bill Note New York Pcgs Vf 20 ** No Reserve **$1.00 1935-a North Africa Yellow Seal Silver Certificate Pmg Choice New 64epq1934a $1000 One Thousand Dollar Bill Beautiful High Grade!1934 $500 Atlanta *lime Green Seal* Five Hundred Dollar Bill Frn High Grade!Rare 1928 $500 *kansas City District* Five Hundred Dollar Bill Frn High Grade!1934a $500 Dollar Bill Note Money Scarce Cleveland Pmg Ch Cu 63 - No Reserve 1934 Series The United States Of America Five Hundered Dollars $500 Bill NrHgr 1934a $1,000 Frn ""stunning"" Au - Uncirculated1934 A $1000 Chicago Illinois Currency Note AuHgr 1934a $500 Frn ((grade Rarity)) Cga Gem Unc 66-opqUs 1934-a $500 Five Hundred Dollar Bill Frn Note Chicago G00259331aFr.719 $1 1918 Cleveland Federal Reserve Bank Note Pmg 58 Epq Gem Margins!!Vintage $1 Uncut Sheet 32 Dollar Bill 1981 Money Currency Real Federal Notes Nr1934 $1000 Bill Us Federal Reserve Note - Fancy Serial # - Rare!!Large Dollar Bill San Francisco 1914Gorgeous 1914 $50 Federal Reserve Note Superb High Grade Example1914 20 Dollars Federal Reserve Note 4-d D35812713aHgr Fr.1324 .50c 3rd Issue ((spinner Red Back)) Pmg Choice Unc 63epq1976 $2 Frn 4 Note Uncut Sheet *star Notes* In Bep Folder With Envelope1934 A $500 New York Ny Currency Note Xf Damaged1914 Federal Reserve Note "chicago" $20 = Aunc1934 Chicago $500 Five Hundred Dollar Bill Federal Reserve Note W/ Certificate Us 1934-a $500 Five Hundred Dollar Bill Frn Note Chicago G00050776a NiceHgr 1914 $50 San Francisco ((stunning Artwork)) Very High Grade1918 $1 Federal Reserve Bank Note Fr-738 Elliot/burke Gem Unc,cga 65 (1st Of 3)$10. 1914 Fr.893-b New York Red Seal Federal Reserve Note Pmg Choice Fine 15Wow 1934 $1000 Frn((3 Digit))**lime Green*** H 00000209 A$1000 Bill 1934a Chicago Federal Reserve Note Light Green Seal1928 $1000 Dollar Bill For Sale1914 $100 Franklin Federal Reserve Large Size Note Pmg Fine 15Federal Reserve Note Frbn $50 Kansas City 1929 Pmg Graded Choice Unc. 64epqHgr 1928b $5 Richmond ((finest Known)) Pmg Gem Unc 66epqHgr 1914 $5 Philadelphia ((type-c)) Super Grade1917 $2 Dollar Red Seal Us Note / High Quality / Really Nice Bill / Very Fine10 Dollars Hamilton Chicago Illinois Federal Reserve Notes 1929Scarce Series 1928 $1000 Federal Reserve Note With Gold Redemption ClauseUs 1934-a $500 Five Hundred Dollar Bill Frn Note Chicago G00041471aUs 1934-a $500 Five Hundred Dollar Bill Frn Note Chicago G00355023aPack Of 100 $2 2003 A San Francisco Frns -gem Bep Pack -$500 Book Value !!1963b $1 **barr Pack** 100 Consecutive Gem Richmond District Notes!$10. 1929 New York Brown Seal Federal Reseve Bank Note Pmg Gem New 65epq1918 $1 Federal Reserve Bank Note Fr-738 Elliot/burke Gem Unc,cga 65 (3rd Of 3)1914 $50.00 Federal Reserve Note Of Philadelpia #c3418252a ( White=mellon )Hgr Fr.1230 .05c 1st Issue ((washington)) Pmg Choice Unc 63epq10 Dollars Hamilton Federal Reserve Note 1934 AFlawless 1934 $1000 Federal Reserve Choice/gem UncirculatedHgr 1934a $500 San Francisco ((awesome $500)) High Grade1914 $100 Frn Fr-1124 Burke/mcadoo Very Fine, Cga 25$1.00. 1935-a Hawaii Brown Seal Silver Certificate Pmg Gem New 65epq$100.1929 Cleveland District Brown Seal Federal Reseve Bank Note Pmg Au 58epq1918 $1 Federal Reserve Bank Note Fr-738 Elliot/burke Gem Unc,cga 65 (2nd Of 3)1914 $5 Lincoln Federal Reserve Large Size Note Pcgs Xf45$100 1934 B One Hunderd Dollar Bill Federal Reserve Note1934a One Hundred Dollar Bill $100 Federal Reserve Bank Of New YorkHgr 1914 $10 Philadelphia ((burke/mcadoo)) Super Grade$50 1928 Cleveland Frn Numeral Seal Pcgs New 61 Ppq Wall Of Greed Hoard1914 $20 Cleveland Federal Reserve Large Size Note Pcgs Vf201914 $10 Jackson Federal Reserve Large Size Note Pmg Vf 30Hgr 1929 $20 Frbn ((philadelphia)) Awesome Grade3 Consecutive Serial Number 1928 Federal Reserve $10 Note Free S/h!!