Full text of Federal Reserve Bank of New York Circulars : Counterfeit Treasury Bills

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FED ER AL RESERVE BANK
O F NEW YORK

D e c e m b e r 11, 1974
C O U N T E R F E I T T R E A S U R Y BILLS
To A ll Banking Institutions
in the Second Federal R eserve District:

The T r e a s u r y D e p a r t m e n t has r e q u e s t e d that this Bank s u p p l e m e n t
its n o t i c e s of F e b r u a r y 8, J u l y 19, and J u l y 31, 1974 , w i t h r e s p e c t
to c o u n t e r f e i t T r e a s u r y bills, as follows:
The D e p a r tm e n t o f t h e T r e a s u r y h a s r e q u e s t e d t h i s Bank t o n o t i f y
a l l b a n k in g i n s t i t u t i o n s i n i t s D i s t r i c t a b o u t t h e a p p e a r a n c e o f c o u n t e r f e i t $ 1 0 0 ,0 0 0 T r e a s u r y b i l l s , b e a r i n g t h e i s s u e d a t e o f O c t o b e r 7_, 197^4»
and t h e due d a te o f A p r i l 1 0 , 1 9 7 5 The CUSIP n u m ber i s show n a s 9 1 2 7 9 3
T K 2.
B o th t h e i s s u e d a t e a n d CUSIP num ber a r e i n c o r r e c t .
T h e r e w as n o
i s s u e o f T r e a s u r y b i l l s d a t e d O c t o b e r 7 , 1 9 7 ^ » t h e b i l l s m a t u r in g
A p r i l 1 0 , 1 97 5> w e r e i s s u e d o n O c t o b e r 10_, 197^•
The CUSIP num ber s u f f i x
TK2 i d e n t i f i e s b i l l s w i t h an i s s u e d a t e o f N ovem b er 1 , 1 9 7 3 , a n d a
m a t u r i t y d a t e o f May 2 , 197*+*

b ills

A c c o r d in g t o t h e U n ite d S t a t e s S e c r e t S e r v i c e , t h e
s e i z e d t o d a te b e a r t h e f o l l o w i n g s e r i a l nu m bers:

co u n te r fe it

5 U l U ^7B

5H1 U51 t h r o u g h 5^1 *+65B
5 I+I U67B
6 3 1 22^+B t h r o u g h 6 3 1 251B
E x c e p t f o r t h e s e r i a l nu m ber, t h e e n t i r e f a c e and r e v e r s e o f
t h e c o u n t e r f e i t s a r e p r i n t e d b y t h e o f f s e t m eth od .
No a t t e m p t h a s b e e n
m ade t o s i m u l a t e t h e d i s t i n c t i v e r e d a n d b l u e f i b e r s .
T he c o u n t e r f e i t s a r e p o o r r e p r o d u c t i o n s a n d a p p e a r t o h a v e b e e n
c o p i e d fr o m a n o t h e r c o u n t e r f e i t b i l l .
T he p a y m e n t b l o c k h a s an i n c o r r e c t
p a t t e r n , c o n s is t in g e n t i r e l y o f o v a l-s h a p e d c i r c l e s .
The p o r t r a i t i s
v e r y p o o r a n d t h e w o r d " G a l l a t i n ” b e l o w t h e p o r t r a i t i s a lm o s t i l l e g i b l e .
E a ch b a n k s h o u l d e x e r c i s e c a r e t o i n s u r e t h a t i t d o e s n o t a c c e p t
b i l l s w i t h t h e i s s u e d a t e , CUSIP n u m ber a n d o t h e r d e f e c t s , f o r c o l l a t ­
e r a l , r e d e m p tio n o r o t h e r p u r p o s e s .
Some b a n k s may w i s h t o e x a m in e f o r
g e n u i n e n e s s a n y $ 1 0 0 ,0 0 0 T r e a s u r y b i l l s h e l d i n c u s t o d y .

U.

S.

I f any c o u n t e r f e i t b i l l s a re d is c o v e r e d , th e n e a r e s t
S e c r e t S e r v ic e s h o u ld b e n o t i f i e d a t o n c e b y p h o n e .

The T r e a s u r y h a s a s k e d t h a t d i s s e m i n a t i o n
r e s t r i c t e d t o b a n k in g i n s t i t u t i o n s .




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