The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
F ederal R eser v e B ank OF DALLAS TO N Y J . SALVA G G IO FIR S T V IC E P R ES ID EN T March 11, 1996 DALLAS, TEXAS 75265-5906 Notice 96-29 TO: The Cash Operations Officer of each financial institution in the Eleventh Federal Reserve District SUBJECT 1996 Series $100 Note Issuance DETAILS On March 4, 1996, the Secretary of the Treasury announced that the first denomination of the newly designed currency, the 1996 Series $100 note, will be issued on March 25, 1996. Accordingly, the Federal Reserve Bank of Dallas will begin issuing the new notes in currency shipments on March 25, 1996. The 1996 Series $100 note includes several new and modified features that will help deter the use of evolving technologies for counterfeiting and make authentica tion by the general public easier. The size of the currency and its overall “American” look rem ain the same, but the following new security-enhancing features have been incorporated: 1) a larger, off-center portrait and matching watermark portrait; 2) the use of color-shifting ink in the lower right-hand numeral; and 3) the introduction of fineline printing in the background on the note’s front and back. The micro-printing and security thread introduced in 1990 have been modified in the new design. In addition, the unique Federal Reserve District seal has been re placed with a universal Federal Reserve System seal. Over the past few months literature describing these changes in detail has been distributed, and seminars have been held to inform bankers and others in the financial industry. The counterfeit-deterring features of the new design will become more effective as the old series currency is removed from circulation. However, there will be no recall or devaluation o f any U.S. currency; all U.S. currency will be honored indefinitely at full face value. To encourage the rollover, the Federal Reserve will cease issuing pre-1996 Series $100 notes as o f the close-of-business on March 22, 1996. The Federal Reserve will also temporarily suspend its cross-shipping policy on the $100 denomination. 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 Intrastate (800) 592-1631, Interstate (800) 351-1012; Houston Branch Intrastate (800) 392-4162, Interstate (800) 221-0363; San Antonio Branch Intrastate (800) 292-5810. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) Your institution can play an important role not only in helping the public understand and accept the redesign (it does not signal a recall or devaluation of U.S. currency in circulation), but also in facilitating the replacement of the old series in circulation. MORE INFORMATION If you have any questions regarding the redesign or issuance of the 1996 Series $100 notes, please contact Brad Painter, (214) 922-6802, at the Dallas Office; Eloise Guinn, (915) 521-8201, 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 Departm ent at (214) 922-5254. Sincerely,
@FedFRASER