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Q: What are the two main functions of the federal reserve?
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What is the value of a Cleveland 20 dollar bill from the Richmond Federal Reserve district?

Grover Cleveland appeared on two different $20 bills, both printed in the 1914 series. There's more information at the question "What is the value of a 1914 US 20 dollar Federal Reserve Note?" For clarity, the bill was actually printed in Washington and was distributed by the Richmond Federal Reserve district.


What is the difference between general reserve and revenue reserve?

A reserve which is created out of the revenue profit is called revenue reserve. Revenue profit is earned in the normal course of the business. Revenue reserve refers to the undistributed revenue profit. It is created for strengthening the financial position, replacing deprecialble assets, redeeming liabilities, declaring uniform rate of dividend and conducting research and development functions. If the reserve is not needed in the future, it can be distributed as dividend to the shareholders.There are two types of revenue reserve:a) General ReserveA reserve which is created out of the profit not for a specific purpose is known as general reserve.General reserve is used for general purpose as per the discretion of the management. Usually, general reserve is used for strengthening the financial position and meeting future contingencies and losses.b) Specific ReserveA reserve which is created out of the profit for a particular purpose is known as specific reserve. Such reserve can not be utilized for any purpose other than specified. Specific reserve is created by debiting the profit and loss appropriation account. It can be invested in outside securities. It serves for a specific purpose as to equalize dividend or to redeem a fixed liability or to replace a fixed assets or to conduct a research and development work.The following are the important types of specific reserve:* Dividend equalization fund* Sinking fund* Research and development fund


What is a red seal certificate?

There are certificate notes and red seal notes but they're not the same, at least among bills issued during the 20th century. Red ink indicates that a bill is a United States Note. Certificates were at issued for redemption in silver (blue seal, up to the 1957 series) and gold (gold seal, up to 1928) US Notes were simply a different form of currency that was almost identical to modern Federal Reserve Notes. The only major difference was that they were issued directly by the federal government versus the Federal Reserve System. US Notes generally made up only a small fraction of all bills printed each year, so they were phased out between 1966 and 1971 in order to eliminate the costs of maintaining two separate production lines.


What is a twenty dollar bill national reserve note 1929?

There are two different kinds of 1929 $20 bills. One type of 1929 $20 bill is the Federal Reserve Bank Note. These 1929 twenty dollar bills will generally not be worth more than a few times face value due to their large printing numbers. 1929 $20 bills that are Federal Reserve Bank Notes will say Federal Reserve Bank of Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, or San Francisco. If one of these 1929 $20 bills has a star symbol in the serial number it will be worth much more than a few times face value. The other kind of 1929 twenty dollar bill is the 1929 national bank note. The 1929 national banknotes can be worth a few dollars over face value to several hundred dollars. The value all depends on which bank issued the notes. These 1929 $20 bills will say National Bank somewhere in the title on the left hand side of the note.


What two main ports were located in the middle colonies?

New York and Philadelphia were the two main ports that shipped to all europe.