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Encyclopedia > Federal Reserve Bank Note

Federal Reserve bank notes were United States currency issued by individual Federal Reserve banks. They were based upon the earlier National Bank Notes. They differed from Federal Reserve notes in that they could only be redeemed at the Federal Reserve bank that issued them. Federal Reserve notes could be redeemed at any Federal Reserve bank. The United States dollar is the official currency of the United States. ... Federal Reserve Districts The United States Federal Reserve System consists of twelve Federal Reserve Banks, each responsible for a particular district, and some with branches. ... National Bank notes were United States currency issued by banks chartered by the Federal Government of the United States. ... Various Federal Reserve Notes Federal Reserve note is the official name for the kind of banknote used in the United States, more commonly known as dollar bills. ... Banks 1st District - Federal Reserve Bank of Boston [1] 2nd District - Federal Reserve Bank of New York [2], with a branch in Buffalo, New York 3rd District - Federal Reserve Bank of Philadelphia [3] 4th District - Federal Reserve Bank of Cleveland [4], with branches in Cincinnati, Ohio and Pittsburgh, Pennsylvania 5th... Various Federal Reserve Notes Federal Reserve note is the official name for the kind of banknote used in the United States, more commonly known as dollar bills. ... Banks 1st District - Federal Reserve Bank of Boston [1] 2nd District - Federal Reserve Bank of New York [2], with a branch in Buffalo, New York 3rd District - Federal Reserve Bank of Philadelphia [3] 4th District - Federal Reserve Bank of Cleveland [4], with branches in Cincinnati, Ohio and Pittsburgh, Pennsylvania 5th...


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Federal Reserve Note: Information from Answers.com (1690 words)
Federal Reserve notes are non-interest bearing promissory notes issued in denominations of $1 to $100, and are official Legal Tender for payment of debts.
Federal Reserve Notes are fiat currency, with the words "this note is legal tender for all debts, public and private" printed on each bill.
Federal Reserve Notes are printed by the Bureau of Engraving and Printing (BEP), a bureau of the United States Mint within the Department of the Treasury.
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