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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

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