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FEDERAL RESERVE SANK
OF NEW YORK

[ Circular No. 590
[ February 9, 1924

Cash Department

New Counterfeit $20 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. 533 describes a new counterfeit
$20 Federal Reserve note as follows:
"On the Federal Reserve Bank of Atlanta, Georgia; check letter *G'; face
plate No. 41; W. G. McAdoo, Secretary of the Treasury; John Burke, Treasurer
of the United States; portrait of Cleveland.
"This counterfeit is a fairly well made photo-mechanical production, and is
apparently printed on genuine paper, no doubt obtained by bleaching bills of
small denomination.

The seal is of a deeper shade of blue than the genuine,

and the number of the specimen at hand is F1278270A, the ' F ' being too
widely separated from the figures of the number.

The back of the bill is

deceptive, although the fine lines of the lathe work in the border are not
defined.

\ for FRASER
Digitized


The bill appears to be somewhat longer than the genuine."
Very truly yours,
BENJ. STRONG

Governor