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<p>[QUOTE=&quot;lettow, post: 2037492, member: 6986&quot;]The BEP did not destroy anything.&nbsp; BEP no longer had the notes.</p><p><br /></p><p>Federal law required a certain percentage of United States Notes to be in circulation. Treasury accomplished this by moving the required number of notes from storage to another location in the Treasury Department and made the entries on the books.&nbsp; The notes never left Treasury but were reported &quot;in circulation&quot;.</p><p><br /></p><p>Congress got rid of this requirement in the 1990s (?) and Treasury destroyed the remaining notes in their possession.</p><p><br /></p><p>When United States Notes of any denomination hit the banking system they are supposed to be turned into the FRB who submits them to Treasury and they are destroyed.[/QUOTE]</p><p><br /></p>

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