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

T Circular No. 3881
[ j u l y 2 2 , 1921J

Department

New Counterfeit Paper Currency
$5, $20 and $10 Federal Reserve Notes
To All Banks, Trust Companies and Savings Banks
in the Second Federal Reserve District:
There are in circulation three new counterfeit Federal Reserve notes the de-ยป
tails of which are given by the Treasury Department in its circular letters Nos. 471
and 4 7 2 :
$5 Federal Reserve Note
"On the Federal Reserve Bank of Cleveland, Ohio; check letter 'A';
plate N o . 108; D . F . Houston, Secretary of the Treasury; John Burke,
Treasurer of the United States; portrait of Lincoln.
"This counterfeit is apparently printed from a wood cut, or very
crudely zinc-etched plates, on a single piece of ordinary bond paper containing no silk threads nor imitation of them. The portrait of Lincoln is
so unlike the genuine that it should immediately detect the counterfeit.
The lathe work in the border is composed mainly of straight diagonal lines.
The number of the specimen a t hand is D17895473A, and while the figures
of this number are somewhat out of alignment they are well formed and
of good color. The back of the note is very poor."
$20 Federal Reserve Note
"On the Federal Reserve Bank of Cleveland, Ohio; check letter *D';
plate number indistinct; D . F . Houston, Secretary of the Treasury; John
Burke, Treasurer of the United States; portrait of Cleveland.
"This is a very poor photographic production. The face of the bill is
brown instead of black, the seal being almost a solid color.
The number
K77155737A is printed in a panel of brown ink. The back of the note is
blue instead of green, and the printing is indistinct.
Altogether the note
should not deceive any one accustomed to handling money."
$10 Federal Reserve Note
"On the Federal Reserve Bank of San Francisco; check letter ' B ' ;
plate No. 54; Carter Glass, Secretary of the Treasury; John Burke, Treasurer of the United States; portrait of Jackson.
"This counterfeit is a very crudely executed zinc-etching, on a single
sheet of poor quality paper containing no silk threads or imitation of t h e m .
The number of the specimen at hand is L8984738A.
" T h e work on this counterfeit is so poor that a more detailed description of it is deemed unnecessary."




Very truly yours,
BENJ.

STRONG

Governor

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