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FEDERAL RESERVE BANK OF N E W YORK I Circular No. 3 3 6 ] " [January 12. 1921.J Cash Department New Counterfeit $20 Federal Reserve Note To All Banks, Trust Companies and Savings Banks in the Second Federal Reserve District: A new counterfeit $20 Federal Reserve note is brought to your attention. It is described by the Secret Service Division of the Treasury Department in its circular letter N o . 458, as follows: "On the Federal Reserve Bank of Chicago, Illinois: check letter 'D'; D . F . Houston, Secretary of the Treasury; John Burke, Treasurer of the United States; portrait of Cleveland. " T h i s counterfeit is a crudely etched production, on two pieces of paper, between which pieces of heavy silk threads have been distributed. The bill is so apparent as a counterfeit that a more detailed description of it is unnecessary. The makers of this counterfeit, together with an extensive plant and some $9,000 or $10,000 of the bills, have been c a p t u r e d . " Very truly yours, J. H. CASE, Acting Governor