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F ederal Reserve Bank of new York C irc u la r No. 3939 [ January 28, 1953 CHANGE IN PRINTING OP CURRENCY To a l l in M em ber a n d N onm em ber B a n k s th e S econ d F e d e r a l Reserve District: The Treasury Department recently announced a change in the method of produc tion of $2 and $5 United States notes and $5 and $10 silver certificates. The new method will result in noticeable changes in the appearance of these bills, which will soon begin to circulate. For your information, following is the text of the Treasury Depa r t m e n t ’s statement on the change; RELEASE M ORNING NEW SPAPERS Friday, January & \ 9 tf____ A change in the method o f production o f $2 and $5 United $10 s ilv e r c e r t i f i c a t e s , to standardize the physical appearance money and, when a new Secretary o r a new Treasurer is appointed, o f notes carryin g the new fa csim ile signatures, was approved hy States notes and o f United States to expedite the Secretary Siyder $5 and paper issuance today. The $2 and $5 United States notes carry a red s e a l, and the $5 and $10 s ilv e r c e r t i f i c a t e s a blue sea l. H eretofore, the p la te s used fo r p rin tin g these issues included the engraved f a c sim ile signatures o f the Secretary o f the Treasury and the Treasurer o f the United States. Whenever one o f these o f f i c e r s was changed, i t was necessary to re-engrave the plates with new sign atu res. Under the proposed change, fa csim ile signatures w ill be overprinted on the fa ce o f the notes simultaneously with the sea l and s e r ia l number, making re-engraving unnecessary. This s im p lifie d method is already in use on $1 s i l v e r c e r t i fi c a t e s o f the s e r ie s o f 1935 and on green -sea l Federal Reserve notes o f a l l denominations o f the s e r ie s o f 1950, which has resu lted in savings at the Bureau o f Engraving and Printing. The fa ces o f the b i l l s w ill be changed to conform to the 1935 s e r ie s $1 s ilv e r c e r t i fi c a t e s . The only n oticea b le changes in the appearance o f the b i l l s w ill be that the s e r ia l numbers and the co lo re d Treasury sea l w ill be sm aller and a large shaded de nominational numeral w ill be inserted to the l e f t o f the oval p o r tr a it. The backs o f the b i l l s w ill not be changed. Work on the change w ill begin at once, and i t is expected that the f i r s t fin ish ed b i l l s w ill be shipped to banks about February 1, 1953. Additional copies of this circular will be furnished upon request. ALLAN SPROUL, President.