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<p>[QUOTE="Fifty, post: 1058064, member: 24555"]Does anyone know if there is an official policy that commercial banks are supposed to follow if they receive non-current notes. I have gotten a few pre 1996 changeover notes but only because my bank saved them. I know that old notes are still legal tender but doesn't the Fed want them destroyed because they don't contain the security features of modern notes? I've done some "strap searching" at my bank in the lobby on non busy days and they seem to always mark to destroy the older designs that I return. I'm guessing they don't check the straps and don't pull old bills unless received one at a time. </p><p> </p><p>Personally I liked the older designs better. I guess it's what I grew up with. I remember trading in change and $1 bills to my dad for a $20 bill. He only had one in his wallet. I though I was rich. Having driven/ridden by the White House many times it looks more like the old 20 than the new one.[/QUOTE]</p><p><br /></p>
[QUOTE="Fifty, post: 1058064, member: 24555"]Does anyone know if there is an official policy that commercial banks are supposed to follow if they receive non-current notes. I have gotten a few pre 1996 changeover notes but only because my bank saved them. I know that old notes are still legal tender but doesn't the Fed want them destroyed because they don't contain the security features of modern notes? I've done some "strap searching" at my bank in the lobby on non busy days and they seem to always mark to destroy the older designs that I return. I'm guessing they don't check the straps and don't pull old bills unless received one at a time. Personally I liked the older designs better. I guess it's what I grew up with. I remember trading in change and $1 bills to my dad for a $20 bill. He only had one in his wallet. I though I was rich. Having driven/ridden by the White House many times it looks more like the old 20 than the new one.[/QUOTE]
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