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F E D E R A L RESERVE B A N K
O F N E W YORK

f Circular No. 3861
|_July 18, 1921J

Cash Department

New Counterfeit $20 Federal Reserve Note
To All Banks, Trust Companies and Savings Banks
in the Second Federal Reserve District:
Attention is directed to a new counterfeit $20 Federal Reserve note described
by the Secret Service Division of the Treasury Department in its circular letter N o .
470 as follows :
"On the Federal Reserve Bank of Cleveland; check letter *D'; plate
number missing; D . F . Houston, Secretary of the Treasury; John Burke,
Treasurer of the United States; portrait of Cleveland.
"This counterfeit is a photographic production on two pieces of thin
paper, between which silk threads have been distributed.

The colors of

these threads have run, giving the threads the appearance of being too
thick.

The number of the specimen at hand is D13353780A, and the

coloring applied to this number is purple instead of blue.

Green ink has

been applied to the printed portion of the back of the note, but the
original black of the photograph can be seen in many places not covered
by the green coloring.

The portrait of Cleveland has a moth-eaten appear-

ance and the seal is very indistinct."




Very truly yours,
BENJ.

STRONG

Governor


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102