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FEDERAL ESERY
EW YORK 0
MY NAt1E IS BILL.. -DOLLAR BILL. l'M AFEDERAL
RESERVE NOTE. 1''1 ONE Of THREE KINOS Ot=
MOMEY USED IW ntE UNITED SfATES--CURREMCY,
COIN AND CHECKBOOK DOLLARS. LET ME TELL YOU
ABOUT US AN!> HOW WE HELP MAKE OVR
ECONOHt/ RU,r SMOOTH Lil.
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--or couRSEI you KNOW tt\ONE'l ,s
VALUABLE 51.C.AUSE PEOPLE ~CLEPf 1T
IM nCHAM,E FOR GlX)t,g AND SER\JI~
AN!>
"
~ PAYMEKT
t()R DEBTS.
TMPJ>U6HOlJT HISTOlV MO~ H~ TAKEM "MY FORIAS.
SOMi fEOPLE H~VE USEt) fEATHERS, ~ MOOl<S,
NAllS "Nb 3T0N~S PS MONE~ Atl JTEf-\ CAN BE
MONE'/ ~ I.ON& I\S IT 15 ACG£PTEI) BY 1HE PEOPLE
INVOLVEb JN 11-IE EXGHAM6E.
MOPEY MAKES IT EAilER TO COff\PARE \IALUES
OF T~IMGS 'IOU WANT TO BUY. HOW MUCH A
QUARTER CAN BUY-- tTS PU1lCM~SIMG POWE~1S A ~fASUkE ~ HOW ~tit 'IOUR MONEY
A tf\NDY BRR COSTING 2St NOW,
MIGHT COST 30C: NEXT YEAR. 'f OUR
MONEY WILL HAVE LOST SOME VA
you WILL HAVE LOSTf'URCHAS(K&
1s w0Rn1.
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OUR SOC!
PEOPLE AMP BUSIMES'
tCEPT1HE CURRENCY AN
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https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
IWS ISSUEI) BIi THE U11 S.
TREASURY. LE'tt CAl..L tu~
A~D GOINS POCKET ~ONE
CURRENCY AND C0IM~ ARE THE. SMALLEST PAITT Of OUR MOt<EY
SUPPLY. SEtA~E CURREMC.Y ~Nb COIN CAM BE l05T OR STOLEN, MOST MONEY IS HELt> AS "DEPOSllS'' 1W CMEC.KIMG ~ttOUKTS.
PEOPLE SPE.NO ™EIR "~EPOSIT" ~ONEY B'l WRmM, C~£GKt
ACHCCJ( IN5TRUl1S A BANK 10 PAY ASPI.tl TI t Afl\OUNT oF
MONE'/ TO ~0MEONE ELS£.
PEOPL~ WHO WAMT MakE
CUR~NC.'? AND tol~ CASH OI~.
TJ.1£\l EXCH~NGE bEPOSIT MONEY
,~:::=i FOR Poe.KEY MOtJty.
PEOPLE WHO WANT LES~ CURRiNc.Q A~O c.01._i
EXCHA~GE fOCkET IMNEtJ FOR l>f POSIT MONEtJ.
UCH POCKET OR l)EPO!fT MOHel TME.ll HO~.
OU Ml,HT A~K, OF CDURS£, WHERE 6~MKS &E1'1l-lE POa<ET MO~E'l THE'?
J
JV£ TO v,oPLE CASHIN(, C.HElKS. LET ME SHOu) YOU!
DOLLARS LIKE. ft\E ARE PRtNTEb ~~ THE TR£ASUR'l'S 8
PRINTIM(, IK W,SHJt(Gl'O~, l>.C. I\NI> SOO" TO llf E. 'Tt.1EL
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OltS
CONtRESS SET UP T~E FEDERAL RESERVE IM 1,r3 TO HELP OUR MONEY WORK BETTER.
ONE JOB CON.GRESS GAVE t\ESERVE BANKS WAS bf1T1MG CURREtr-'l OUTTO BAKKS W"£N ™Ell
NEED IT ANP 5A(K WHE~ THEY OoM,T.
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https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
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IN N0\1. AN~ DEC., FOR EXAMPLE, BANKS NEE
LOTS OF POCKET M0NlY BECAUSE PEOPLE ~RE
CASHUJ(, CHECKS TO GO CHR~1M~\ SHO~Plt\G.
AfTtR T~E. HOLtbPNS, STORES TAKE 1HE
PotKET MONEY T01l-lE\R BANK~.
Wi..lEN THE BANKS H1'\JE MORE CURRENtY THA~ ll NEEt>Et) OR s~
TO \-\OLD, T~E'/ SEND \TTO A RESER~E e>AKK.
WORKERS Ai RESERVE Bf:\Nl<S REMOVE TORN AN
ORN-OUT SU.LS AND SHRED THEM TO BITS.
NE.W B1LLS AR~ PUT lt{TO CIR..CULATION Ti
OSE DE
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L\SAREKE
UNTlL THe/
A A\
ETWEEN • E lf't lf."\JE ~ 1U'SERVE B~)lK A\(b 1
TIME 1RETURN, 1'VE tlRCULATEb, ~t0N~ WITH Dt10Sff M0tl .,
HR0Ut\.t OUR ECONOMY. MON£\/, \J~E.lHER. JfS CHECKBOOK 0
M0Nf.\l, P
t\ 1¥\VORfA~ ROLE IN W£~VJM~ TO(,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
''MOUStHOU>S: 5Ut" #6 '{OUR FN-\IL'l, EARN THEIR IW\ONE'l''IN(OP\E"
IV PROVIDINC"ECONONJC R£SOURCES:1H£ ECON0M1t RROURtE
MOST EARNERS PROVltf ,s i,so)l, SU~ ~~ THE lA80R Of f..
C~lfENTIR OR DOtTOR.1\IERf l\lE OfflER R£SOURCES SUO\ Pt\
MACHINIR'l AMl>TOOLS WHICR ~RE OUID"rAPfT~C'. ''L"M~'IS
YET M&arHER !\£SOURCE. -~~--•.~ ~ ~ ~ t ~ ~ ~ ~ . a a . . : . . . : . ; . . ! - . 1 . . , C
MO~EHOLDS Slf.NO lME1R IMtOME OM COObS
AND SiRVtas. TREJR PURCH~~tS PROVJIE
B~lNI5~5 wrm lHE MONEil TO PA'l fOR.
WORKER~, "11\TERIALS AND MAtHINE~,
H0USEH0LbS ~Mb JUSINE$ES ft''l PA1\T OF
'
INCOME TO FEDERAL, STATE AMO
LOCAL ,oVERNMENTS. COVERNMEMTS
lHEIR
SPEND 1lUS''T1'X"tNCOME TO BUY GOO~i,
SUtH AS SHI~ ~Ml) sm.wn~ AMJ>
lHE SEP.VICES Of PEOPLE SUCH At YOUR
TEAtH[R ANDlllE NEtCH80RH001>
POLJCE FORGE.
ALL Of TAE 1)0Ll~'5 SPDlT J'l "OUSEHOU)S,
BUSINESSEl ANb G0VEI\MMEkTS f01'.1\IE
COUNTR'l'S Olfl'PUT Of toots AK?) Sf.lWm
ARE tAtW,''f,l\ffl M"TJOMN. PRODUtT~
SO\'OU C.ftllSEE, f't0Ml'l 1>0~ M01lE1"AM BU'l lCE CREAM
ANf> TOYS. IT MELTS tMANGE 1\ESOU~fS ttftO l\1E THl"'S
WE WANT MID tlt£D AMD '1VES US ~ WAY OF 'E1ll)IG TREM.
MONE'l 1S UKE ~lHREADlHATllfS PEO,LE
TOt,EmER 16 AN ECONOMY MD AlotltPl ~
PUBLIC fMfORMATIOJI DtPARTMEMT• fEl>lRAL RES ERV£ Bf\Mft OF KIW 'fO1'K
3'3 LIBERTY STREET, M£\J YORI(, N.'i. 100'15
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Federal Reserve Bank of St. Louis
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