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<p>[QUOTE=&quot;fatima, post: 1307514, member: 22143&quot;]As long as the USD currency can be freely withdrawn as printed Federal Reserve Notes, then the currency is considered Federal Reserve Notes.&nbsp; It doesn&#039;t matter if it is printed or virtual on a disk drive.</p><p><br /></p><p>The point is the $ is issued by the Federal Reserve, not the US Treasury.&nbsp;&nbsp; When the FR orders $ notes from the Treasury, it is simply using them as a vendor (via the Bureau of Engraving) as the production vendor for the printed currency.&nbsp; The printed currency is not &quot;monetized&quot; until it reaches the Federal Reserve and they release it onto one of their accounts.&nbsp;&nbsp; For the most part, printed currency is send down to the regional Federal Reserves to be disbursed to local banks for retail and small business operations.&nbsp; Old currency essentially follows the reverse path.[/QUOTE]</p><p><br /></p>

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