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FEDERAL RESERVE BANK
OF NEW YORK

Cash Department

1" Circular No. 888T
L November 19. 1928J

New Counterfeit

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

The Treasury Department in its circular letter No. 616 describes a new
counterfeit as follows:
$10 FEDERAL RESERVE NOTE: On the Federal Reserve Bank of New York,
New York; series of 1914; check letter " H " ; face plate No. 936; back plate No. 1446;
Frank White, Treasurer of the United States; A. W. Mellon, Secretary of the Treasury;
portrait of Jackson.
This note is the handiwork of the counterfeiters responsible for the $5 Federal
Reserve Note described in Circular Letter No. 615, dated November 16, 1928*, and is
similar in all of its elemental characteristics, being printed on a good grade of bond
paper without any attempt at imitating the silk fibre. The face has a bleached
appearance, the dark color values having a gray tone particularly in the border and
lettering. The numbering is well executed, but printed, with the seal, in a dull indigo
shade. Specimen at hand bears serial number B84361104B.
This counterfeit is deceptive and care should be exercised in handling notes of this
denomination.
Very truly yours,
GATES W. MCGTARRAH,

Acting Governor.
* Reference to Federal Reserve Bank of New York Circular No. 887.