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FEDERAL RESERVE BANK
OF NEW YORK

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Cashj . Department
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677"
If Circular17No. 1925

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

The Treasury Department in its circular letter No. 559 describes three new
counterfeits as follows:
$5 National Currency Note
"On the Chase National Bank of the City of New York; series of 1902;
check letter ' E ' ; charter No. 2370; Treasury No. X153788H; bank No. 96527;
portrait of Benjamin Harrison. This is a photographic production, apparently retouched with inks on paper bearing ink lines to represent the silk
fiber of the genuine. The numbering is in black ink, instead of blue as in
the genuine.
"At first glance the bill is deceptive, but upon closer examination its
spurious character should be immediately detected."
$5 Federal Reserve Note
"On the Federal Reserve Bank of New York, check letter ' C ' ; face plate
No. 1139; A. W. Mellon, Secretary of the Treasury; Frank White, Treasurer
of the United States; portrait of Lincoln.
"This is a poorly executed zinc or copper etching, with a few colored ink
lines representing the silk fiber of the genuine. The seal is green instead of
blue. The number of the specimen at hand is B65912020B. The portrait of
Lincoln is very poor, and the lines of the lathe work in the border of the face
of the note are badly broken and disconnected."
$20 Federal Reserve Note
"On the Federal Reserve Bank of Boston, Massachusetts; check letter *C;
plate number indistinct; D. F. Houston, Secretary of the Treasury; John
Burke, Treasurer of the United States; portrait of Cleveland.
"This counterfeit is apparently printed from poorly executed etched plates,
on paper without silk threads or imitation of them. The portrait of Cleveland lacks many of the fine lines of the genuine and is very poor. The seal is
an indigo blue instead of the light blue of the genuine. The number of the
specimen at hand is A47408293A, the figures of which are very irregular and
poorly printed."
Very truly yours,




BENJ. STRONG,

Governor.