answersLogoWhite

0

If you look at the bills in your wallet you'll see that ALL current US paper money is in the form of Federal Reserve Notes. That means they're issued under the authority of the Federal Reserve System, the US central bank.

Earlier forms of paper money were also issued directly by the federal government and included:

  • Silver certificates, backed 1-for-1 by silver bullion in the Treasury, and redeemable for silver until 1968
  • Gold certificates, backed 1-for-1 by gold bullion in the Treasury, and redeemable for gold until 1933
  • United States Notes, very similar to Federal Reserve Notes, and issued until the early 1970s.
User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

How can you tell if a 5 dollar bill is a federal reserve note?

It will read "Federal Reserve Note" at the very top of the bill.


What kind of note is a 20 dollar bill?

Federal Reserve Note. All US paper currencies are Federal Reserve Notes.


When was Grover Cleveland on the 20 dollar bill?

1914 $20 Federal Reserve Note.


What is the value of a 1934 US 5 dollar bill with a green seal?

The green seal indicates your bill is a Federal Reserve Note. Please see the question "What is the value of a 1934 US 5 dollar Federal Reserve Note?" for more information.


What is the value of a 1934 A US 5 dollar bill with a green seal?

The green seal indicates your bill is a Federal Reserve Note. Please see the question "What is the value of a 1934 US 5 dollar Federal Reserve Note?" for more information.


What is the value of a federal reserve note five hundred dollar bill?

five-hundred dollars


What is the value of a 1928 D US 5 dollar bill with a green seal?

The green seal indicates that your bill is a Federal Reserve Note. Please see "What is the value of a 1928 D US 5 dollar Federal Reserve note?" for more information.


What is the value of a 1950 C US 10 dollar bill with a green seal?

The green seal indicates that your bill is a Federal Reserve Note. Please see the question "What is the value of a 1950 C US 10 dollar federal reserve note?" for more information.


What is the value of 1928 20 dollar Bank Note of Chicago with a 7 in the circle?

Your bill is actually called a Federal Reserve Note, like modern $20 bills, rather than "a bank note of Chicago". Chicago is simply the Federal Reserve District location that distributed the bill. Please see the question "What is the value of a 1928 US 20 dollar Federal Reserve Note?" for more information.


What is the value of a 1914 5 dollar Federal Reserve note from the Philadelphia mint?

The US Mint only makes coins. Your bill was printed in Washington; Philadelphia is the location of the Federal Reserve bank that requested and distributed the bill. Please see the question "What is the value of a 1914 US 5 dollar Federal Reserve Note?" for more information.


What is the value of a 1914 US 50 dollar Federal Reserve Note silver certificate?

Please don't assume that every old bill is a silver certificate. The banner across its top identifies your bill as a Federal Reserve Note only. There's more information at the question "What is the value of a 1914 US 50 dollar bill?" Federal Reserve Notes were very different from silver certificates and were never combined. Silver certificates were issued directly by the Treasury and were backed dollar-for-dollar with silver on deposit. Federal Reserve Notes are issued by the Federal Reserve Bank and are not backed with precious metal.


What is the value of a 1928 US 5 dollar bill with a green seal?

The green seal indicates that it's a Federal Reserve Note. Please see the question "What is the value of a 1928 US 5 dollar Federal Reserve Note?" for more information.