• United States of America


    America > US

    One American Dollar (1864/Confederate States)
    One American Dollar (1957/Silver Certificate)
    One American Dollar (1957H/Silver Certificate)
    Two American Dollars (1953A/Red Seal)
    Two American Dollars (1953C/Red Seal)
    Two American Dollars (1963D/Red Seal)
    Two American Dollars (1963G/Red Seal)


    Five American Dollars (1928/Red Seal)
    Five American Dollars (1934/Silver Certificate)
    Five American Dollars (1953/Silver Certificate)
    Five American Dollars (1953/Red Seal)


    Banknotes of United States
    A Federal Reserve Note, also a United States banknote or U.S. banknote, is a type of banknote used in the United States of America. Denominated in United States dollars, Federal Reserve Notes are printed by the United States Bureau of Engraving and Printing on paper made by Crane & Co. of Dalton, Massachusetts. Federal Reserve Notes are the only type of U.S. banknote currently produced. They are distinct from Federal Reserve Bank Notes, each of which was issued (until 1971) and backed by one, rather than all collectively, of the twelve Federal Reserve Banks.
    Federal Reserve Notes are legal tender, with the words "this note is legal tender for all debts, public and private" printed on each note. They have replaced United States Notes, which were once issued by theTreasury Department. Federal Reserve Notes are backed by the assets of the Federal Reserve Banks, which serve as collateral under Federal Reserve Act Section 16. 
    Prior to centralized banking, each commercial bank issued their own notes. The first institution with responsibilities of a central bank in the U.S. was the First Bank of the United States, chartered in 1791 by Alexander Hamilton. Its charter was not renewed in 1811. In 1816, the Second Bank of the United States was chartered; its charter was not renewed in 1836, after it became the object of a major attack by President Andrew Jackson. From 1837 to 1862, in the Free Banking Era there was no formal central bank, and banks issued their own notes again. From 1862 to 1913, a system of national banks was instituted by the 1863 National Banking Act. The first printed notes were Series 1914. In 1928, cost-cutting measures were taken to reduce the note to the size it is today.


     

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