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FEDERAL RESERVE BANK
OF NEW YORK
[Circular No. 5621
[ July 20, 1923

Cash 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 letter No. 523 describes four new
counterfeit notes as follows:
$20 FEDERAL RESERVE NOTE
"On the Federal Reserve Bank of Chicago; check letter 'C; plate No. 213; D. F. Houston, Secretary
of the Treasury; John Burke, Treasurer of the United States; portrait of Cleveland.
"This counterfeit is apparently printed from photographic plates, on two pieces of paper between
which a few silk threads have been distributed. The back of the note has been subjected to the green
toner or Venadium solution. The general appearance of the counterfeit is fair, but a close inspection
should bring about its immediate detection. The number of the specimen at hand is G31867623A. This
specimen was received from Chicago."
$20 FEDERAL RESERVE NOTE
"On the Federal Reserve Bank of San Francisco; check letter 'D'; plate number indistinct but appears to be 103; A. W. Mellon, Secretary of the Treasury; Frank White, Treasurer of the United States;
portrait of Cleveland.
"This counterfeit appears to have been printed from crudely etched zinc plates, on two pieces of
paper between which ink lines have been made to imitate the silk fiber of the genuine. The specimen at
hand bears No. L17621136A. This counterfeit is so poor that it should be readily detected in the hands
of persons accustomed to handle money. It had its origin in Mexico, and few, if any, of them will circulate in the United States. This specimen was received from El Paso, Texas."
$10 FEDERAL RESERVE NOTE
"On the Federal Reserve Bank of San Francisco; check letter 'A'; plate No. 114; D. F. Houston,
Secretary of the Treasury; John Burke, Treasurer of the United States; portrait of Jackson. This is
a poorly executed photo-mechanical production on two pieces of paper between which silk fiber has been
distributed. The portrait of Jackson is not clearly defined, merging into the background. Much of the
border appears in solid black instead of the fine lathe work lines of the genuine. The back of the note
is very crude. The specimen at hand bears No. L83398A. This counterfeit is being circulated in Honolulu and vicinity."
$10 FEDERAL RESERVE NOTE
"On the Federal Reserve Bank of Atlanta, Georgia; check letter 'A'; and on the specimen at hand
this check letter is missing from the lower right hand corner; W. G. McAdoo, Secretary of the Treasury;
John Burke, Treasurer of the United States; portrait of Jackson.
"This is a photographic production on two pieces of paper between which silk threads have been
distributed. The specimen at hand bears No. F6755957A. This is one of the counterfeits produced by
Alex Trcschko, who was arrested in Cleveland, Ohio, on June 14, 1923, and a quantity of counterfeit
notes, together with counterfeit plates of his production, were found in his possession."




Very truly yours,
BENJ. STRONG,

Governor.