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FEDERAL RESERVE BANK
OF NEW YORK
* . _
Cash Department

f Circular No. 540
[

New Counterfeits
To all Banks, Trust Companies and Savings Banks
in the Second Federal Reserve District:

The Treasury Department in its circular letter No. 517 describes three new counterfeit notes as follows:
$10 National Bank Note
"On the First National Bank of Pittsburgh, Penna.; check letter T ;
Houston B. Teehee, Register of the Treasury; John Burke, Treasurer of the
United States; portrait of William McKinley.
"This is a photographic production on two pieces of paper between which
a few fine silk threads have been distributed. The seal and numbering have had
blue color applied over the original photographic impressions. The back has
been subjected to a vanadium solution. The specimen at hand bears Treasury
No. N599510E, and bank No. 151228. This counterfeit should be readily detected. Its circulation is confined to the vicinity of Pittsburgh, Pennsylvania."
$10 Federal Reserve Note
"On the Federal Reserve Bank of New York; check letter *C; the first
two figures of the plate No. 12; W. G. McAdoo, Secretary of the Treasury;
John Burke, Treasurer of the United States; portrait of Jackson.
"This counterfeit is apparently printed from zinc-etched plates, on a single
piece of paper bearing red and blue ink lines to imitate the fiber of the genuine.
I t is a very poor counterfeit, and should be readily detected. The specimen at
hand comes from Detroit."
$10 Federal Reserve Note
"On the Federal Reserve Bank of Cleveland, Ohio; check letter *D'; plate
number indistinct; D. F. Houston, Secretary of the Treasury; John Burke,
Treasurer of the United States; portrait of Jackson.
"This is photographic production on two pieces of paper, with silk threads
distributed between them, and is such a poor counterfeit that it should be
readily detected. The specimen at hand bears Treasury No. D18349000A, and
was received from our Cleveland, Ohio, district."




Very truly yours,
B E N J . STRONG,

Governor