One Dollar Notes Before 1963

Submitted By cjonessparky

Words: 422

Pages: 2

Open Document

One-Dollar Notes Before 1963 The 1963 series of Federal Reserve $1 bills is significant for two reasons. It was the first time that the Federal Reserve issued $1 notes, though the central bank had been issuing other denominations for many years before that. Also, the 1963B series note, also called the Joseph Barr Note, is well known among collectors of banknotes, and some examples sell at a premium over face value.
Between 1928 and 1963, the small-sized (6.14 --- 2.61 inches) dollar bills that circulated in the United States were either Treasury Department-issued U.S. Notes, which featured red seals, or Silver Certificates, which usually featured blue seals and could be exchanged for silver dollar coins. The Federal Reserve, the central bank of the United States established in 1913, issued larger denominations -- $5 to $10,000 -- but not singles. The rising price of silver in the early 1960's spurred the government to discontinue exchanging silver certificates for coins, so a new $1 note was needed.
Series 1963
The first Federal Reserve Series 1963 $1 note was issued in January 1963 and bore the signatures of U.S. Secretary of the Treasury C. Douglas Dillon and Treasurer of the United States Kathryn O'Hay Granahan. Though minor design changes came in later decades, current $1 notes still resemble this original Series 1963 note in most ways, including a green Federal Reserve seal, green lettering for the serial number, and the small portrait of George Washington.

Your bills are 1963 Series B $1 FRN's. Joseph Barr was U.S. Secretary of the Treasury

Essay Fin 100 Pap

The United States financial markets impact many different venues of life. American businesses, the economy and people can feel the impact created by the financial markets. The economy and businesses can feel the impact of a financial market. A financial market, like the Stock Exchange, is a direct reflection of investor’s expectations. If investors think something terrible will happen to the market they will sale their stock. Recently the stock market has hit record breaking highs but that does…

Words 716 - Pages 3

Essay The Federal Reserve System

The Federal Reserve System Why do a research paper on the Federal Reserve System? This is a question we went over in our heads while making a decision on the type of research paper to do, what we wanted to learn more about and why. Over the past few years we have realized the impact that the Federal Government has on our economy, yet we never knew enough about the subject to understand why. While taking this Economics course it has brought so many things to our attention, especially since we see…

Words 2801 - Pages 12

Describe How The US Financial Markets Impact The Economy Businesses And Individuals.

Markets”) 2) Explain the role of the U.S Federal Reserve, the Federal Reserve chairman, and Board, indicating its effectiveness in today’s economic environment. Provide support for rationale The Federal Reserve plays many important roles in today’s economy environment. Due to a series of financial panics and banks problems, Congress created the Federal Reserve Act which was sign into law by President Woodrow Wilson in 1913. The law created the Federal Reserve System, comprising of twelve public-private…

Words 1223 - Pages 5

Monetary Policy Essay

Monetary Policy of the Federal Reserve The Federal Reserve System, established in 1913, is the United States’ central bank. This system consists of twelve district banks and a Board of Governors. The Federal Reserve is independent within the government, which means, “even though the Fed is independent of Congressional appropriations and administrative control, it is ultimately accountable to Congress and comes under government audit and review” (frbsf.org). The Federal Open Market Committee (FOMC)…

Words 761 - Pages 4

Econ: Federal Reserve System Essays

None of these items can easily be divided. These items could also lose their value over time. Most importantly, people would not want to trade a bag of beads for a new sports car. These items are not acceptable. 4. Commodity money, representative money, and fiat money are sources of money’s value. 5. In the United States, money can come in the form of paper, coins, checks, and near money, such as saving accounts and time deposits. 6. If my class members used a different form of money, a…

Words 3935 - Pages 16

The Pros And Cons Of The Sub-Prime Mortgage Crisis

the American consumer at an all-time low and no way out, the Federal Reserve was forced to join forces with the U.S Government in a desperate attempt to keep the entire American financial system from buckling. As a credit crisis stemming from overleveraging ran rampant from subprime homeowners into Wall Street firms who had overextended their books, the Federal Reserve and the United States Government led by Chairman of the Federal Reserve Ben Bernanke and Secretary of the Treasury Hank Paulson Jr…

Words 3904 - Pages 16

Aggregate Demand and Supply Paper

Aggregate Demand and Supply Models Economic Critique In the United States the economy is currently in a recession, although signs are indicating that the economy is slowly recovering. In an effort to analyze the Unites States economy the unemployment rate, expectations, consumer income, and interest rates have been evaluated. The results of these evaluations are included in this report. Unemployment in the United States fell to 8.1% from 8.3% in July. U.S. employers are said to have added…

Words 1974 - Pages 8

Important Factors And Advantages And Disadvantages Of Interest Rates

Relationship among Stocks, Dollar, Bonds, and Interest Rates - If the economy is performing well then the Federal Reserve might increase the interest rates. - Advantages and Disadvantages of changes in interest rates: Lower Interest Rates Higher Interest Rates Overall economy performance is not at the optimum level. Economy performing very well. Lower interest on home, education, and car loans. Higher interest rates. Less attractive investment (small cash inflow) More attractive investment…

Words 553 - Pages 3

Essay on Industry Analysis

INDUSTRY OVERVIEW The car & automobile industry in the U.S. primarily assemble automobile and manufacture automobile chassis. This mature industry has three main companies, which includes General Motor, Ford, and Chrysler. The main products and services included in this industry are: compact and subcompact cars, midsize and full-size cars, sports cars, and luxury cars. However, this industry does not include both light trucks and heavy trucks, such as vans, pickups, and SUVs (IBIS World, 2014)…

Words 2346 - Pages 10

term paper for history

depression to an end. Personally, Roosevelt came to power and gave us hope but his “new deals” didn’t take us out of the Great Depression. There are many factors that contributed to the development of many jobs, schools, roads, rivers, damns, parks and car manufacturing but the new deals were just a spark of hope. Yes, that encouraged their spirits and the citizens tried as well but when they learned in depth, the people started to get a little apprehensive about the “New Deals” and how it affected the…

Words 1682 - Pages 7