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<p>[QUOTE=&quot;lettow, post: 731016, member: 6986&quot;]It is a Federal Reserve Bank Note printed in 1933.</p><p><br /></p><p>FRBN were printed in 1933 to get money into circulation quickly during the Depression.&nbsp; Banks were failing at an alarming rate and significant amounts of cash were tied up in closed banks.&nbsp; Beginning with Michigan in December 1932, many states declared Bank Holidays closing the state chartered banks to prevent a run on deposits.&nbsp; It all came to a climax on March 6, 1933 when FDR ordered all banks in the country closed.&nbsp; The banks were re-opened over time but the closings and restrictions on transactions left a shortage of currency in circulation.&nbsp; These notes were printed on paper intended for National Bank Notes as an &quot;emergency currency&quot; to provide money for commerce.&nbsp; The remaining stock was used again during WWII when other printing needs, most notably the printing of war bonds, left the BEP with no resources to print new notes.</p><p><br /></p><p>Most FRBN are readily available.&nbsp; In this grade, I would put a value at $40-50.00[/QUOTE]</p><p><br /></p>

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