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FEDERAL RESERVE BANK
OF NEW YORK

Cash Department

T Circular

No. 886~l

L November 16. 1928J

New Counterfeits

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

The Treasury Department in its circular letter No. 614 describes two new
counterfeits as follows:
$5 FEDERAL RESERVE NOTE: On the Federal Reserve Bank of San Francisco, California; series of 1914; check letter " G " ; face plate No. 532; back plate
number indistinct; Frank White, Treasurer of the United States; A. W. Mellon, Secretary of the Treasury; portrait of Lincoln; serial No. L77187419A.
$5 NATIONAL BANK NOTE: On the United States National Bank of Portland, Oregon; 1902 series; check letter " K " ; bank number (upper right and lower
left corners), 180378; W. T. Vernon, Register of the Treasury; Lee Me Clung, Treasurer of the United States; portrait of Harrison; charter No. 4514.
The two notes above described are the handiwork of the same counterfeiter, both
being photo-mechanical productions printed on 3 sheets of paper between which tiny
silk threads have been distributed, the fibre being much finer than that appearing in
the genuine. The face and back are printed on Japanese rice paper, the threads
adhering to the middle sheet, which is slightly thicker, and showing through the
binding sheets in imitation of the genuine fibre. These counterfeits have a faded
appearance and should not deceive the wary handler of currency.

Very truly yours,
GATES W. MCGAERAH,

Acting Governor.

V