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FEDERAL RESERVE BANK OF NEW YORK \ Cash Department f Circular No. 881"] I October 18, 1928 J New Counterfeit To all Banks, Trust Companies and Others Concerned in the Second Federal Reserve District: The Treasury Department in its circular letter No. 611 describes a new counterfeit as follows: $5 FEDERAL RESERVE NOTE: On the Federal Reserve Bank of New York, New York; 1914 series; check letter " A " ; face plate number indistinct; back plate number indistinct; Frank White, Treasurer of the United States; A. W. Mellon, Secretary of the Treasury; portrait of Lincoln. This counterfeit is a crudely etched production printed from photo-mechanical plates on two sheets of paper between which threads have been distributed in imitation of the silk fibre. This note is the handiwork of the counterfeiter responsible for the $10 Federal Reserve Note described in Circular Letter No. 610, dated October 12, 1928,* all of the characteristics of which are preserved in the makeup of the counterfeit $5 note identified in this circular letter. Specimen at hand bears serial number B66744984B. Like the counterfeit $10 Federal Reserve Note above-mentioned, this note should not deceive the average handler of currency. Very truly yours, GATES W. MCGAKRAH, Acting * Reference to Federal Reserve Bank of New York Circular No. 879. Governor.
@FedFRASER