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...limited in issue to $346,681,016 (protected by a gold reserve of $152,000,000); legal tender for all debts, public and private, except Customs and interest on the public debt; payable in gold at the Treasury...

Author: /time Magazine | Title: National Affairs: New Currency | 9/24/1923 | See Source »

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...

Author: /time Magazine | Title: National Affairs: New Currency | 9/24/1923 | See Source »

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...

Author: /time Magazine | Title: National Affairs: New Currency | 9/24/1923 | See Source »

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...

Author: /time Magazine | Title: National Affairs: New Currency | 9/24/1923 | See Source »

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...

Author: /time Magazine | Title: National Affairs: New Currency | 9/24/1923 | See Source »

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