The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
F E D E R A L RESERVE BANK O F N E W YORK (" Circular No. 351 I March 11, 1921 Cash Department New Counterfeit Paper Currency $10 National Bank Notes; $50 Federal Reserve Notes To all Banks, Trust Companies and Savings Banks in the Second Federal Reserve Disrict: Notice has been issued by the Treasury Department under date of March 8, 1921 in circular letter No. 460 calling attention to three new counterfeit notes described as follows: National Bank Note "On the National Bank of Commerce of Baltimore, Maryland; check letter F ' ; charter N o . 4285; bank No. 60747 in lower left face of note; Treasury N o . T469419B upper right face of note. "This counterfeit is apparently printed from wood-cut plates, on a single piece of paper, red and blue ink lines being used to imitate the silk fiber of the genuine. The note is very poorly executed, and a glance a t the portrait of McKinley should readily detect it. About eight or ten of these bills were passed in Baltimore, Maryland, in J a n u a r y . " $50 Federal Reserve Note "On the Federal Reserve Bank of Chicago, Illinois; check letter 'A'; face plate N o . 3; W. G. McAdoo, Secretary of the Treasury; John Burke, Treasurer of the United States; portrait of Grant. "This counterfeit is printed from etched plates of crude workmanship, on a single sheet of thin paper, red and blue ink lines being used to simulate the silk fiber. I t should not deceive the ordinarily careful handler of money." $50 Federal Reserve Note "On the Federal Reserve Bank of San Francisco, California; check letter 'A'; plate No. 6; W. G. McAdoo, Secretary of the Treasury; John Burke, Treasurer of the United States; portrait of Grant. "This note is also printed from photo-etched plates, but silk threads have been distributed between the two pieces of paper on which it is printed. I t is a poor counterfeit. " I t s circulation so far has been in the Hawaiian Islands, but it may be expected t h a t some of them will make their appearance in our Pacific Coast cities. Care should therefore be exercised in handling all $50 notes of this issue." Very truly yours, BENJ. STRONG, Governor