They can be distinguished by their Brown Seal and brown serial numbers as well as the name, location, and district letter of the Federal Reserve Bank they are backed by (all printed on the obverse of the bills). Small size Federal Reserve Bank Notes used the same paper stock as National Bank Notes. These notes are also similar to National Bank Notes which were backed individually by Chartered National Banks. Federal Reserve Notes are backed collectively by all the Federal Reserve Banks. These notes are similar to Federal Reserve Notes in function however they were backed by each individual Federal Reserve Bank separately. The public started hoarding cash because of the many bank failures happening during this time. The emergency issue was necessary due to the public hoarding of cash caused by the Great Depression. These small size notes were printed as an emergency issue in 1933. Federal Reserve Bank Notes were issued as small size notes starting with the series of 1929. These Federal Reserve Bank Notes will make a nice addition to any currency collection! What is a Federal Reserve Bank Note?įederal Reserve Bank Notes are United States Currency authorized by the Federal Reserve Act of 1913 and issued through 1945. Each bill comes in a currency sleeve for protection. These notes are Series 1929, banks are mixed and selected by us.
These Federal Reserve Bank Note Fifty Dollar Bills are nice original bills which grade good or better. We are pleased to offer for sale this Fifty Dollar Bill Federal Reserve Bank Note Brown Seal US Currency Good or Better.
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