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Why does a 1963 US 1 dollar bill have red ink on it?

Updated: 8/20/2019
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9y ago

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1963 US $1 bills have green seals, the same as current $1 bills.

However, all 1963 $2 and many 1963 $5 bills did have red seals because they were issued as United States Notes rather than Federal Reserve Notes. US Notes were issued directly by the government while FRNs are issued indirectly through the Federal Reserve System.

In practice, the two forms of currency are identical so US Notes were discontinued in the late 1960s to eliminate the need for duplicate printing and bookkeeping.

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Q: Why does a 1963 US 1 dollar bill have red ink on it?
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