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FEDERAL RESERVE BANK
OF NEW YORK
_ , _

[Circular No. 524

Cash Department

[ January 11, 1923

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. 512 describes a new
counterfeit $10 Federal Reserve note as follows:
"On the Federal Reserve Bank of Chicago; check letter 'D'; face plate
No. 278; back plate No. 551; D. F. Houston, Secretary of the Treasury; John
Burke, Treasurer of the United States; portrait of Jackson.
"This counterfeit is apparently printed from etched plates on a single piece
of paper, ink lines being used to imitate the silk fiber of the genuine.
portrait of Jackson is particularly poor.

The

The lathe work is not well defined,

and the spurious character of the bill should be readily recognized.

The

number of the specimen at hand is G35605860A."




Very truly yours,
BENJ. STRONG

Governor