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FEDERAL RESERVE BANK
OF NEW YORK

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

The Treasury Department in its circular letter No. 556 describes a new counterfeit $10 Federal Reserve note as follows:
''On the Federal Reserve Bank of Boston, Massachusetts; check letter *G';
face plate No. 228; D. F. Houston, Secretary of the Treasury; John Burke,
Treasurer of the United States; portrait of Jackson.
"This counterfeit is printed from well executed photo-mechanical plates on
a single piece of paper, without silk threads or imitation of them. The hill is
nearly a quarter inch longer than the genuine. The Treasury number of the
specimen at hand is A44356777A, the figures being much heavier than those
of the genuine. The seal is excellent in workmanship, but slightly darker than
the genuine. The portrait of Jackson lacks many of the fine lines, which causes
white spots to appear prominently in the face and hair. The back of the bill
is darker green than the genuine. The fine lines picturing the sky and clouds
behind the harvesting scene are wider apart, very irregular, and wholly unlike those of the genuine. In the manufacturing scene on the right of the back
there are many slight differences, the most noticeable of which is in the last
building to the left which in the counterfeit appears to be broken apart and
falling down. The figure to be seen in the doorway of the first freight car in
the counterfeit appears to be stepping out of the door, whereas in the genuine
it is standing upright.
4

'This is a dangerous counterfeit, and extreme care should be exercised in
accepting bills of this issue."
Very truly yours,




BENJ. STRONG,

Governor