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Federal Reserve bank OF DALLAS TONY J. SALVAGGIO FIR S T V IC E P R ES ID EN T D ALLAS, TEXAS ~ September 27, 1995 75265-5906 Notice 95-89 TO: The Chief Operating Officer of each financial institution in the Eleventh Federal Reserve District SUBJECT Introduction of Redesigned Currency with New Security Features DETAILS On September 27, the U.S. Department of the Treasury and the Federal Reserve System announced the introduction of redesigned currency in an ongoing effort to protect U.S. currency from counterfeiters. The redesigned $100 Federal Reserve note will be introduced in early 1996, with lower denominations issued at the rate of one denomination per year. The redesigned currency will make the Federal Reserve note easier to recognize as genuine and more secure against advancing technologies that could be used to counterfeit notes. The notes will incorporate new and familiar features, with the size of bills, ink colors, paper, historical features, illustrations and motto remaining the same. There will be no recall or devaluation of U.S. currency now in circulation. As older notes are sent to the Federal Reserve by depository institutions, they will be replaced by the new notes. The new design will incorporate a larger, slightly off-center portrait that contains more detail, making it easier to recognize and more difficult to counterfeit. It will also provide room for a watermark, which will depict the same historical figure as the portrait. The watermark is visible when held up to the light. In addition, color-shifting ink will be used so that the currency will take on different hues when viewed from different angles. The feature will be used in the numeral in the lower right-hand corner. Borders on the new bills will be simplified, with geometric designs replaced by an assortment of lines and dots that are intended to foil counterfeiters. For additional copies, bankers and others are encouraged to use one of the following toll-free numbers in contacting the Federal Reserve Bank of Dallas: Dallas Office (800) 333 -4460; El Paso Branch Intrastale (800) 592-1631, Interstate (800) 351-1012; Houston Branch Intrastate (800) 392-4162, Interstate (800) 221-0363; San Antonio Branch Intraslate (800) 292-5810. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) -2 - Although all currency will have security features, the number of features will vary according to denomination. The $100 note will have a variety of features, while the $1 note will have fewer, less sophisticated features. An information kit on the redesigned currency will be sent to you as soon as the kits become available. In the next several weeks, you will receive information on dates and locations of currency redesign seminars that the Federal Reserve Bank of Dallas and its Branches will conduct for Eleventh District financial institutions. The seminars will be geared to those employees who routinely handle currency or answer inquiries from your customers. MORE INFORMATION For more public information, please contact Kim Ernst at (214) 922-5256. For more information regarding cash processing, please contact Don Curtis, (214) 922-6808, at the Dallas Office; Javier Jimenez, (915) 521-8202, at the El Paso Office; Luke Richards, (713) 652-1544, at the Houston Office; or Richard Gutierrez, (210) 978-1401, at the San Antonio Office. For additional copies of this Bank’s notice, please contact the Public Affairs Department at (214) 922-5254. Sincerely,
@FedFRASER