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F E D E R A L RESERVE B A N K O F N E W YORK [Circular No. 407] [October 7, 1921J Department New Counterfeit Federal Reserve Notes To all Banks, Trust Companies and Savings Banks in the Second Federal Reserve District: The Treasury Department in its circular letters Nos. 478 and 479 describes two new counterfeit Federal Reserve notes as follows : $20 Federal Reserve Note "On the Federal Reserve Bank of San Francisco; check letter ' B ' ; D . F . Houston, Secretary of the Treasury; John Burke, Treasurer of the United States; portrait of Cleveland; series of 1914. " This is a straight photographic production, on two pieces of poor quality paper, no attempt being made to color the seal or the numbers. The face and back of the note have a brownish gray (sepia) appearance, due to the process of printing. The number of the specimen at hand is L11643546A. The general faded-out and crude appearance of this note should immediately attract the attention of the least careful handler of money, and no further description is deemed necessary." $10 Federal Reserve Note "On the Federal Reserve Bank of Chicago; check letter 'A'; face plate No. 241; D . F . Houston, Secretary of the Treasury; John Burke, Treasurer of the United States; portrait of Jackson; Series 1914. "This note is printed from zinc-etched plates, on two pieces of poor quality paper, between which a few silk threads have been distributed to imitate the genuine. The paper is so thick, however, t h a t the threads do not show through. The serial number of the specimen at hand is G35816441-A. The workmanship on this note is so crude t h a t it could hardly fail to attract the attention of any ordinarily close observer, and no further description of it is considered necessary." Very truly yours, B E N J . STRONG, Governor
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