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<p>[QUOTE=&quot;Texas John, post: 1099742, member: 25813&quot;]Yes, I&#039;ve seen this argument before, but there were large numbers of high-denomination notes in the banking network in 1969, more than enough to meet demand. If a bank had to keep $1 million in cash reserves at a specific location, it was much easier to meet the requirement with thousands rather than twenties. Simple physics made high-denomination notes useful, and plentiful relative to demand until actively recalled.</p><p><br /></p><p>It&#039;s noteworthy to recall that the US government stopped issuing bearer bonds at the same time, because they were issued in denominations up to the millions, and made it possible to earn interest while laundering proceeds from criminal enterprises.[/QUOTE]</p><p><br /></p>

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