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FEDERAL RESERVE BANK
OF NEW YORK

Cash Department

["Circular No. 660"]
[_ March 18, 1925 J

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

The Treasury Department in its circular letter No. 552 describes two new counterfeits as follows:
$5 Federal Reserve Note

"On the Federal Reserve Bank of New York; check letter ' H ' ; plate number indistinct; D. H. Houston, Secretary of the Treasury; John Burke,
Treasurer of the United States; portrait of Lincoln.
"This counterfeit is a very poor imitation, apparently printed from crudely
etched plates on a single piece of paper, purple ink lines being used to imitate
the silk fiber of the genuine. The workmanship on the bill is so poor that a
more detailed description of it is deemed unnecessary."
$20 Federal Reserve Note

"On the Federal Reserve Bank of Boston, Massachusetts; check letter *B';
face plate No. 124; A. W. Mellon, Secretary of the Treasury; Frank White,
Treasurer of the United States; portrait of Cleveland.
"This counterfeit is apparently printed from photomechanical plates of
poor workmanship. The portrait of Cleveland is particularly poor, and the
lathe work is not well defined. It is on a single piece of paper, red and blue
ink lines serving to imitate the silk fiber of the genuine. The seal and numbering on the face of the note are much lighter blue than the genuine. The
number of the specimen at hand is A21059156B. This counterfeit should be
readily detected."




Very truly yours,
BEN.T. STRONG,

Governor