Federal Reserve Bank Note

Federal Reserve bank notes were United States currency banknotes issued by individual Federal Reserve banks. They were based upon the earlier National Bank Notes. They differed from Federal Reserve notes in that they could only be redeemed at the Federal Reserve bank that issued them. Federal Reserve notes could be redeemed at any Federal Reserve bank.

Changing Capital Markets: Implications for Monetary Policy: A Symposium Sponsored by the Federal Reserve Bank of Kansas City (Federal Reserve Bank of Kansas City Symposium)

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