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FEDERAL RESERVE BANK
OF NEW YORK
„ . „,
Cash Department

[Circular No. 504 1
[ November 21, 1922 J

New Counterfeit $10 Federal Reserve Note
To all Banks, Trust Companies and Savings Banks
in the Second Federal Reserve District:

The Treasury Department in its circular letter No. 504 describes a new counterfeit $10 Federal Reserve note as follows:

"On the Federal Reserve Bank of New York; check letter ' C ; plate
number indistinct; D. F . Houston, Secretary of the Treasury; John Burke,
Treasurer of the United States; portrait of Jackson.
"This counterfeit appears to have been printed from crudely etched
plates, on a single piece of paper, red and blue ink lines being used to
imitate the silk fiber of the genuine. The workmanship on this bill is so
poor that its fraudulent character should be readily detected.

It is there-

fore considered unnecessary to give a more detailed description of it.

The

specimens so far received have come from Canada."




Very truly yours,
BENJ. STRONG,

Governor