A FB was asking about these. Can anyone agreed some light please as to what they are? Their purpose? Or any link for a read would be appreciated. Than ks.
They were used to strap the bills into bundles. It made it easy to count, track and send out to banks. At that time (1977) the Federal reserves would bust them up into smaller bundles. Most were trashed but they also gave them away to bank workers. These are from Kansas City.
It's very hard to believe the values on these ply wood blocks. Dad would bring them home from the bank,I would use them for cub scout projects. Bird houses,etc..my dad spent 47 years employed at the Federal Reserve bank.
That's cool. Did he bring home any of the cotton string they used to band them? I was told that they also used some type of strap but have never seen what they looked like. I really liked the ones with the ink transfer from the note on the reverse of the block. Fun old stuff.
Larry As a kid I was taken down to the bank. Those bricks I believe were banned together with two straps with a buckel like seal on the strap. The material used I'm not sure....but I also had tours of the vault. Pretty cool stuff for a 6 y/o you had to wear a mask as the inks burned the nose once inside. I was seated on a skid of 100,000.00 bills /notes,those who don't know Warren Bueffett cannot get his hands on a 100k note! They are used between banks to pay back or lend out to other banks. The public cannot legally own one....... I also recall when the armor trucks pulled in on a turn table to spin the van around and time wasn't spent turning it around making it a robbery target.
The security the Federal reserves use has always been really good. My X worked there back in the 70s. She was able to bring me into the building a few times. I learned a lot from the lady. One of the fun things I remember was about one of the vaults. At the end of the day and the vault door was closed, and the floor raised in front of the door.
