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The series letter on any US bill is normally located next to the date, and corresponds to the signature combination (Treasury Secretary and/or Treasurer) on the bill.
Explaining how series letters work is a bit complicated.
[1] Unlike the date on a coin, the date on a US bill isn't the year it was made. Rather, it's the year that a particular type of bill was first printed, and is called the "series date". Series dates can stay the same for more than one year, until the Treasury picks a new date.
[2] When a new series date is selected, the first signature combination does not have a letter. If there's a new combination within that series year, an "A" is added; the next combination is "B" and so on. In other words, "A" actually indicates the second combination, "B" is the third, etc.
I.e. a bill with a "G" series letter has the eighth distinct set of signatures for bills with that series date. The only time that happened was with the 1935 series of $1 bills - a 1935 G bill was actually printed in the early 1960s!
The natural question is: Why did the series date stay the same for almost 3 decades? It happened because at that time a new series date was selected only when a bill underwent a major redesign. $1 bills hadn't ever been updated so the Treasury just kept using the 1935 date. In fact, the last 1935-dated bills were printed in March, 1964. That somewhat absurd situation led the Treasury to re-evaluate the criteria for selecting a series date. Now a new series date starts not only when a design is changed, but also when a new Secretary of the Treasury is chosen; the letter changes only when and if a new Treasurer is appointed. If you look at the bills in your wallet you'll find many different series dates but very few series letters.
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