got National currency?

Still cataloging with new toy

 

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Shelbyville, TN:



Council Bluffs, IA:


Camden, NJ:


Memphis, TN:



Mobile, AL:

 

Do you have one from Boston ?? Always wanted one . Nice Notes by the way .

 

Birmingham, AL:


Pensacola, FL:



Fort Wayne, IN:



Cleveland, OH:



Jacksonville, FL:

 

Here's mine, this one has touched many hands!

 

Now ya can "pak da ka in da pakin' lot"

 

The Atlanta $10.00, Richmond $100.00 and Boston $20.00 are Federal Reserve Bank Notes, not Nationals.

 

why does it say National note at the top ? Teach me I am curious!

 

The subject of this note, John Sherman was a native son from Lancaster Ohio. He was also the brother of William Tecumseh Sherman - a well known Civil War general. But importantly for National Bank collectors, he was a principal party in the legislation that became the National Banking Act of 1864 that created National Banks with funds deposited with bonds paid into the Treasury to back currency issues from each bank - thus guaranteeing that note holders would not be left with worthless paper if the bank cratered.

 

damn i love history, thank you!

 

When the BEP switched from Type I Nationals to Type II Nationals they had lots of incomplete pre-printed sheets. They went on to use the pre-printed sheets for Federal Reserve Bank Notes. It’s also why the words Cashier and President are blocked out by black rectangles on FRBNs.

 

The FRBNs were also issued a lot later than the 1929 date, like 1939-40.

 

You’ve got some nice bank notes there @Southernman189.

 

Correct. A small portion were used early on but most were released in the 1940s.

 

thank you, will get to the large notes after fractional notes are cataloged. FINALLY retired and can do this stuff. 3 months before retire plans found out I had cancer stage 3 , kept working while on Chemo. Then Pandemic hit while on Chemo. year later cancer free. Retired now . FINALLY can ask the Zillion questions about coins and bills. Thank you people for being friends and teachers.

 

Sorry to hear this but glad you beat it. And glad to hear you’re retired. Nice isn’t it?

 

It’s like having six Saturdays and a Sunday every week !

 

only retired this past Feb. feeling guilty not waking up going to work. @ 67 years old I finally found folks to talk to about coins and bills. NEVER had that before EVER. That's why I get so many facts wrong. I read, research, but never enough, so bear with me.

 

Federal Reserve Bank Notes were printed in March 1933 to deal with the shortage of currency brought on by bank failures and the Bank Holiday of 1933. The BEP used already printed National Currency stock to get the notes out quickly to meet the emergency. The notes ceased being issued when the need passed.

The unissued notes were held by the BEP and the Federal Reserve Banks. These notes were issued during WWII as emergency currency in the US. Increased cash needs because of the war coupled with the wartime demands on the BEP, necessitated bringing the remaining notes out of retirement.