Word: legalization
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Dates: during 1920-1929
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Silver Certificates. Issued in the same denominations as Greenbacks, excepting $500 and $1,000; unlimited in issue, for silver dollars in the Treasury; not legal tender; receivable for customs, taxes and all public dues; redeemable in silver dollars at the Treasury...
Federal Reserve Notes. Issued in the same denominations as Greenbacks excepting $1 and $2, and also issued in $5,000 and $10,000 denominations; unlimited in issue on proper security (at least a 40% gold reserve, and discounted paper to full value); not legal tender; payable in gold at the Treasury or in gold or lawful money at any Federal Reserve Bank...
Federal Reserve Bank Notes. Issued in the same denominations as Greenbacks; issue unlimited on paper security (5% cash reserve in the Treasury and the remainder in Government securities); not legal tender; receivable for all public dues except customs; redeemable in lawful money at the Treasury or bank of issue. (These notes, issued during the War, are now being retired...
Bank Notes. Issued in the same denominations as Greenbacks excepting $1 and $2; issue limited to the capital of issuing bank (security the same as Federal Reserve Bank Notes); not legal tender; receivable for all public dues except customs; redeemable in lawful money at the Treasury or bank of issue...
...same denominations as Greenbacks, excepting $1, $2 and $5, and also issued in $5,000 and $10,000 denominations; unlimited in issue for gold in the Treasury (at least one-third of which must be coined) unless the gold reserve against Greenbacks falls below $100,000,000; legal tender; receivable for all public dues; redeemable in gold coin at the Treasury...