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<p>[QUOTE=&quot;dollarcrazy, post: 57714, member: 1877&quot;]Silver Surfer; yes there are 12 districts in the Federal Reserve system and all 12 issued the type of note you have. The note you have however is a Federal Reserve Bank note and is an obligation of that individual bank (Cleveland) rather than of the Federal Reserve system itself. Federal Reserve notes are obligations of the Federal Reserve system and are redeemable by any Federal Reserve Bank.</p><p>FRBN&#039;s like your are also much scarcer than FRN&#039;s and values reflect this fact.</p><p>Many people confuse them with national bank notes because of the brown seals and serial numbers as well as the words National Currency in the obverse frame. Thats because these were rushed into service as emergency currency during the great depression, to provide liquidity to the banking system.[/QUOTE]</p><p><br /></p>

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