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FEDERAL RESERVE BANK
OF NEW YORK

TCircular No. 7401
| _ S e P t e m b e r 4> 1926J

Cash Department

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

The Treasury Department in its circular letter No. 582 describes a new
counterfeit as follows:
$5 Federal Reserve Note
^
On the Federal Reserve Bank of Chicago, Illinois; 1914 Series; check letter " F " ;
face plate No. 751; back plate No. 3333; Frank White, Treasurer of the United States;
A. W. Mellon, Secretary of the Treasury; portrait of Lincoln.
This is a poorly-executed counterfeit produced by photo-mechanical process on one
sheet of paper. The serial number is imperfectly impressed and printed in black ink,
while the seal is off color, probably tinted by hand, and the portraiture dark and
smudgy. Several fine lines appear on the face and back in imitation of silk threads,
but these are not colored and are reproduced in the etching process. The back is more
deceptive than the face, which is nearly one-fourth of an inch shorter than the
genuine.
This counterfeit should be readily detected by careful handlers of currency.




Very truly yours,
BENJ. STEONG,

Governor.