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Should we demand $500 and $1,000 bills from our local banks?
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<p>[QUOTE="Drago the Wolf, post: 1099235, member: 22476"]<span style="color: #1f497d">Check out this email I got from the Bureau of Engraving and Printing about the new $100 bill, and denominations larger than $100:</span></p><p><br /></p><p><span style="color: #1f497d">------------------------------------------------------------------------------------</span></p><p><br /></p><p><span style="color: #1f497d">Mr. Tom:</span></p><p><br /></p><p><span style="color: #1f497d">The Board of Governors of the Federal Reserve System will decide when to release the redesigned $100 bill.</span></p><p><br /></p><p><span style="color: #1f497d">The BEP prints currency based on requests from the Federal Reserve. The Federal Reserve’s request are based on the customer demand of commercial banks that are members of the Federal Reserve System. Currency denominations above the $100 bill were discontinued for lack of customer demand. You may wish to contact the Federal Reserve (<a href="http://www.federalreserve.gov/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.federalreserve.gov/" rel="nofollow">www.federalreserve.gov</a>) for more information.</span></p><p><br /></p><p><span style="color: #1f497d">We trust that you understand our position in this matter.</span></p><p><br /></p><p><span style="color: #1f497d">Thank you,</span></p><p><br /></p><p><span style="color: #1f497d">BEP</span></p><p><span style="color: #1f497d">Moneyfactory.gov</span></p><p><br /></p><p><br /></p><p><span style="color: #1f497d">-------------------------------------------------------------------------------------</span></p><p><br /></p><p><span style="color: #1f497d">What I don't understand is, if $500, $1,000, $5,000 and $10, 000 bills were discontinued due to lack of use, why haven't the $2 bill and half dollar coin also been discontinued for the same reason (although the half is almost discintinued, as it is only minted for collectors).</span></p><p><br /></p><p><span style="color: #1f497d">So anyway, if the key to getting a denomination higher than the $100 bill issued again is to demand them from our local bank branches, should we start asking for them, and telling the bank managers to send letters to the Treasury to start cranking out new $500 and $1,000 bills?</span></p><p><br /></p><p><span style="color: #1f497d">Obviously, there would way more demand for a $500 bill and even a $1,000 bill then a $2 bill. Agree?</span></p><p><br /></p><p><span style="color: #1f497d">I say we all start asking our local banks and maybe even ask our local credit unions, if you don't use banks, to relay the message back to their bank that supplies them with their coins and currency, that you would be interested in having $500 and $1,000 bills available for use.</span></p><p><br /></p><p><span style="color: #1f497d">(Sorry, I know we've been through this topic a lot since I've joined these boards, but this is a new piece to add to the puzzle about the Federal Reserve Banks having the authority over the denominations of currency we get, and I have read this for years, and have wrote to them on the issue a few times.)</span>[/QUOTE]</p><p><br /></p>
[QUOTE="Drago the Wolf, post: 1099235, member: 22476"][COLOR=#1f497d]Check out this email I got from the Bureau of Engraving and Printing about the new $100 bill, and denominations larger than $100:[/COLOR] [COLOR=#1f497d][/COLOR] [COLOR=#1f497d]------------------------------------------------------------------------------------[/COLOR] [COLOR=#1f497d][/COLOR] [COLOR=#1f497d]Mr. Tom:[/COLOR] [COLOR=#1f497d] [/COLOR] [COLOR=#1f497d]The Board of Governors of the Federal Reserve System will decide when to release the redesigned $100 bill.[/COLOR] [COLOR=#1f497d] [/COLOR] [COLOR=#1f497d]The BEP prints currency based on requests from the Federal Reserve. The Federal Reserve’s request are based on the customer demand of commercial banks that are members of the Federal Reserve System. Currency denominations above the $100 bill were discontinued for lack of customer demand. You may wish to contact the Federal Reserve ([URL="http://www.federalreserve.gov/"]www.federalreserve.gov[/URL]) for more information.[/COLOR] [COLOR=#1f497d] [/COLOR] [COLOR=#1f497d]We trust that you understand our position in this matter.[/COLOR] [COLOR=#1f497d] [/COLOR] [COLOR=#1f497d]Thank you,[/COLOR] [COLOR=#1f497d] [/COLOR] [COLOR=#1f497d]BEP[/COLOR] [COLOR=#1f497d]Moneyfactory.gov[/COLOR] [COLOR=#1f497d][/COLOR] [COLOR=#1f497d][/COLOR] [COLOR=#1f497d]-------------------------------------------------------------------------------------[/COLOR] [COLOR=#1f497d][/COLOR] [COLOR=#1f497d]What I don't understand is, if $500, $1,000, $5,000 and $10, 000 bills were discontinued due to lack of use, why haven't the $2 bill and half dollar coin also been discontinued for the same reason (although the half is almost discintinued, as it is only minted for collectors).[/COLOR] [COLOR=#1f497d][/COLOR] [COLOR=#1f497d]So anyway, if the key to getting a denomination higher than the $100 bill issued again is to demand them from our local bank branches, should we start asking for them, and telling the bank managers to send letters to the Treasury to start cranking out new $500 and $1,000 bills?[/COLOR] [COLOR=#1f497d][/COLOR] [COLOR=#1f497d]Obviously, there would way more demand for a $500 bill and even a $1,000 bill then a $2 bill. Agree?[/COLOR] [COLOR=#1f497d][/COLOR] [COLOR=#1f497d]I say we all start asking our local banks and maybe even ask our local credit unions, if you don't use banks, to relay the message back to their bank that supplies them with their coins and currency, that you would be interested in having $500 and $1,000 bills available for use.[/COLOR] [COLOR=#1f497d][/COLOR] [COLOR=#1f497d](Sorry, I know we've been through this topic a lot since I've joined these boards, but this is a new piece to add to the puzzle about the Federal Reserve Banks having the authority over the denominations of currency we get, and I have read this for years, and have wrote to them on the issue a few times.)[/COLOR][/QUOTE]
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Should we demand $500 and $1,000 bills from our local banks?
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