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FRB Notes

Small size Federal Reserve Bank Notes were printed as an emergency issue in 1933 using the same paper stock as National Bank Notes. They were printed in denominations of $5 through $100. A National Bank Note has a line for the national bank's president's signature. The small size Federal Reserve Bank Note printed a bar over the label for this line, since Federal Reserve Banks had governors, not presidents.[2] The wording was also changed to add, "Or by like deposit of other securities" after the phrase, "Secured by United States bonds deposited with the Treasurer of the United States of America".[3] The twelve Federal Reserve Districts also appear on the bills as black alphabetically sequenced letters, from "A" to "L", a system essentially followed today on the $1 and $2 bills.

This emergency issue of notes was prompted by the public hoarding of cash due to many bank failures happening at the time. This also limited the ability of the National Banks to issue notes of their own. Small size Federal Reserve Bank Notes were discontinued in 1934 and have been no longer available from banks since 1945.[2] As small size notes, they have brown seals and serial numbers, as do National Bank Notes of the era. But while they look very similar, and both have the words, "National Currency" across the top of the obverse, they had different issuers and are considered to be distinctly different types of bills.

TT FR 1230 5 CENT FIRST ISSUE FRACTIONAL GREAT MARGINS LCG 67 PPQ SUPERB GEM NEW TT FR 1230 5 CENT FIRST ISSUE FRACTIONAL GREAT MARGINS LCG 67 PPQ SUPERB GEM NEW

TT FR 1230 5 CENT FIRST ISSUE FRACTIONAL GREAT ...

      TT FR 1230 5 CENT FIRST ISSUE FRACTIONAL GREAT MARGINS LCG 67 PPQ SUPERB GE...

      TT FR 1230 5 CENT FIRST ISSUE FRACTIONAL GREAT MARGINS LCG 67 PPQ SUPERB GEM NEW         5 Cent Fractional First Issue Fr# 1230. Graded 67 PPQ (Premium Paper Quality) Superb Gem New by LCG. According to PMG Population Report this gorgeous example is tied with three more at the grade level of 67 and there is only one example grade a single point higher. This is a wonderful, original note with nice color, sharp printing, and bright paper. This gorgeous example is as n...

$1,095.00

TT FR 1253 10 CENT THIRD ISSUE FRACTIONAL RED BACK LCG 67 PPQ TIED AS BEST TT FR 1253 10 CENT THIRD ISSUE FRACTIONAL RED BACK LCG 67 PPQ TIED AS BEST

TT FR 1253 10 CENT THIRD ISSUE FRACTIONAL RED B...

    TT  FR 1253 10 CENT THIRD ISSUE FRACTIONAL LCG 67 PPQ SUPERB GEM TIED AS BEST ...

    TT  FR 1253 10 CENT THIRD ISSUE FRACTIONAL LCG 67 PPQ SUPERB GEM TIED AS BEST         10 Cent Fractional Third Issue Fr# 1253. Colby & Spinner Autographed Signatures. Graded 67 PPQ (Premium Paper Quality) Superb Gem New by LCG. According to PMG Population Report this gorgeous example is tied with one more at the head of the Census with none graded higher. It is a beautiful note, with bold signatures, ideal color, bright bronze and excellent centering. The Currency ...

$1,250.00

TT FR 1312 50 CENT FIRST ISSUE FRACTIONAL SUPERB MONSTER GEM LCG 68 PPQ FINEST! TT FR 1312 50 CENT FIRST ISSUE FRACTIONAL SUPERB MONSTER GEM LCG 68 PPQ FINEST!

TT FR 1312 50 CENT FIRST ISSUE FRACTIONAL SUPER...

  TT FR 1312 50 CENT FIRST ISSUE FRACTIONAL SUPERB MONSTER GEM LCG 68 PPQ FINEST KNOW...

  TT FR 1312 50 CENT FIRST ISSUE FRACTIONAL SUPERB MONSTER GEM LCG 68 PPQ FINEST KNOWN!                  50 Cent First Issue Fractional. Rare Fr# 1312. Straight Edges with ABNCo Monogram. Graded 68 Premium Paper Quality Gem New by LCG. According to PMG Population Report this is the only example graded at 68 level and none graded finer. Finest Known!!! This note has perfectly original paper surfaces, boardwalk margins and ideal centering of both sides. It is the nicest 1312 t...

$3,850.00

TT FR 1381 50 CENT FIFTH ISSUE FRACTIONAL LCG 67 PPQ SUPERB GEM NEW TIED AS BEST TT FR 1381 50 CENT FIFTH ISSUE FRACTIONAL LCG 67 PPQ SUPERB GEM NEW TIED AS BEST

TT FR 1381 50 CENT FIFTH ISSUE FRACTIONAL LCG 6...

    TT FR 1381 50 CENT FIFTH ISSUE FRACTIONAL LCG 67 PPQ SUPERB GEM NEW TIED AS BE...

    TT FR 1381 50 CENT FIFTH ISSUE FRACTIONAL LCG 67 PPQ SUPERB GEM NEW TIED AS BEST         50 Cent Fractional Fifth Issue Fr# 1381. Graded 67 PPQ (Premium Paper Quality) Superb Gem New by LCG. According to PMG Population Report this gorgeous example is tied with seven more at the head of the Census with none graded higher. An extremely common note right up through the 65 grade, but rare at this level.  An absolute beauty with broad, even margins and excellent centering o...

$1,495.00

TT FR 1870-H 1929 $20 FRBN ST. LOUIS, MO PMG 65 EPQ GEM UNCIRCULATED

TT FR 1870-H 1929 $20 FRBN ST. LOUIS, MO PMG 65...

  TT FR 0001870-H 1929 $20 FRBN ST. LOUIS, MO PMG 65 EPQ  GEM UNCIRCULATED   1929 ...

  TT FR 0001870-H 1929 $20 FRBN ST. LOUIS, MO PMG 65 EPQ  GEM UNCIRCULATED   1929 $20 FRBN ST. LOUIS, MO with fr# 1870-H, graded 65 EPQ (exceptional paper quality) GEM by PMG displaying serial number H00078379A coming from the district of St. Louis, MO. A completely original FRBN with full embossing, bold colors, nice centering and crisp paper. No pin holes or tears. Federal Reserve bank notes were United States currency bank-notes issued by individual Federal Reserve banks. Th...

$795.00

TT FR 1890-I 1929 $100 FRBN MINNEAPOLIS PMG 65 EPQ 1 OF 2 SEQUENTIAL SERIAL # TT FR 1890-I 1929 $100 FRBN MINNEAPOLIS PMG 65 EPQ 1 OF 2 SEQUENTIAL SERIAL #

TT FR 1890-I 1929 $100 FRBN MINNEAPOLIS PMG 65 ...

    TT FR 1890-I 1929 $100 FRBN MINNEAPOLIS BROWN SEAL PMG 65 EPQ GEM RARE 1 OF 2 SEQUENTIA...

    TT FR 1890-I 1929 $100 FRBN MINNEAPOLIS BROWN SEAL PMG 65 EPQ GEM RARE 1 OF 2 SEQUENTIAL SERIAL # !       1929 $100 Federal Reserve Bank Note. Fr 1890-I from Minneapolis, Minnesota. Serial number I00038602A. Graded 65 Exceptional Paper Quality Gem Uncirculated by PMG. PMG Population Report reveals that there are only 5 certified finer! A wonderful example from a hard to find district especially in high grade. Cracking fresh and well embossed. The district of Minneapolis is the rar...

$1,495.00