Before this, U. Legislation mandates that all banknotes and other securities containing portraits include the name of the individual below the portrait. This is why you see names below the portraits on banknotes to this day. The appearance of U. In an effort to lower manufacturing costs, all Federal Reserve notes are made about 30 percent smaller—measuring 6. In addition, standardized designs are instituted for each denomination, decreasing the number of designs in circulation and making it easier for the public to distinguish between genuine and counterfeit notes.
Because United States notes no longer served any function not already adequately met by Federal Reserve notes, their issuance was discontinued and, beginning in , no new United States notes were placed into circulation.
A security thread and microprinting are introduced in Federal Reserve notes to deter counterfeiting by copiers and printers. In the first significant design change since the s, U. When held to light, a portrait watermark of Treasury Secretary Alexander Hamilton is visible from both sides of the note. In addition, the note includes a color-shifting numeral 10 in the lower right corner of the note.
Before a Federal Reserve note enters circulation, it must pass through four critical steps: design, order, production, and issuance. Skip to main content Accessibility Statement. Watermark Hold the note to light and look for a faint image of Secretary Hamilton in the blank space to the right of the portrait. Security Thread Hold the note to light to see an embedded thread running vertically to the right of the portrait.
Color-Shifting Ink Tilt the note to see the numeral 10 in the lower right corner of the front of the note shift from copper to green.
Paper Federal Reserve note paper is one-fourth linen and three-fourths cotton, and contains red and blue security fibers. Color The note includes background colors of orange, yellow, and red. Symbols of Freedom An image of the torch carried by the Statue of Liberty is printed in red to the left of the portrait of Secretary Hamilton.
Green 10 A large green numeral 10 on the back of the note helps those with visual impairments distinguish the denomination.
Treasury Seal A green seal to the right of the portrait represents the U. Serial Numbers A unique combination of eleven numbers and letters appears twice on the front of the note. Series Year The design includes series years A, , , and Color-Shifting Ink Tilt the note to see the numeral 10 in the lower right corner of the front of the note shift from green to black.
Series Year The design includes series years , , and Security Thread Hold the note to light to see an embedded thread running vertically to the left of the Federal Reserve Bank seal. Here are the most notable ones. They originally featured a portrait of Alexander Hamilton but were later redesigned to portray Thomas Jefferson. The reverse side features a reproduction of one of the most famous paintings in American history—"Declaration of Independence" by John Trumbull.
When someone presumably realized that it might be confusing to have the same former Secretary of the Treasury on multiple denominations, Hamilton was replaced with that of another president—the 22nd and the 24th, Grover Cleveland.
Inflation , of course. As of December , U. The Treasury argues that keeping the denominations inconveniently small minimizes the possibility of money laundering. There are only , of these bills bearing Cleveland's visage still in existence. Martha Washington is the first and only woman to appear as the primary portrait on U.
It was discontinued in and was the second-longest issued paper money. The bill was graced with a portrait of James Madison. President Richard Nixon ordered that the bills be recalled in due to fear of criminals using them for money laundering activities.
Fewer than of these notes are believed to exist. Salmon P. Chase may be the most accomplished politician in our nation's history never to have served as president. This lack of use is understandable, given that its value outstripped the net worth of the average American during most of the time the bill was available.
The bill was first printed in and was part of the purge of large currencies. The Bureau of Engraving and Printing created them during the Great Depression in , for conducting official transactions between Federal Reserve banks.
Bureau of Engraving and Printing. Accessed July 30, Board of Governors of the Federal Reserve System. City Average. George Washington's Mount Vernon. Museum of American Finance. Federal Reserve Bank of Kansas City. Visual Capitalist. Federal Reserve History. History Channel.
Federal Reserve Bank of Philadelphia. United States Mint. Bureau of Engraving and Printing, U. Board of Governors of the Federal Reserve. The Federal Reserve.
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