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| | The Federal Reserve Act |
 | | Upon the request of the Secretary of the Treasury the Federal Reserve Board shall require the Federal reserve agent to transmit so much of said gold to the Treasury of the United States as may be required for the exclusive purpose of the redemption of such notes. | | | Federal reserve notes so deposited shall not be reissued, except upon compliance with the conditions of an original issue. | | | Federal reserve notes received by the Treasury, otherwise than for redemption, may be exchanged for gold out of the redemption fund hereinafter provided and returned to the reserve bank through which they were originally issued, or they may be returned to such bank for credit of the United States. |
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http://landru.i-link-2.net/monques/FR1.html
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| | The Federal Reserve Act of 1913 |
| | The Federal Reserve Act officially provided for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes. | | | (7) After considering the matter further and meeting with financial experts, the President agreed to compromise and insisted upon exclusive governmental control of the Federal Reserve Board and upon making Federal Reserve notes obligations of the United States. | | | A copy of the three volumes of hearings on the Federal Reserve Act, (This illustrates the momentous amount of hearings there were) |
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http://www.geocities.com/Athens/2391/federal.html
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| | Secrets of the Federal Reserve |
| | Thus the proposed Federal Reserve Bank was to be "controlled by Congress" and answerable to the government, but the majority of the directors were to be chosen, "directly or indirectly" by the banks of the association. | | | The Federal Reserve System began its operations in 1914 with the activity of the Organization Committee, appointed by Woodrow Wilson, and composed of Secretary of the Treasury William McAdoo, who was his son-in-law, Secretary of Agriculture Houston and Comptroller of the Currency John Skelton Williams. | | | Because the Federal Reserve Bank of New York was to set the interest rates and direct open market operations, thus controlling the daily supply and price of money throughout the United States, it is the stockholders of that bank who are the real directors of the entire system. |
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http://www.apfn.org/apfn/reserve.htm
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| | The Federal Reserve System: Its Purposes And Functions 1939 |
| | This includes both Federal Reserve notes, which are their own liabilities, and coin, silver certificates, and United States notes, which they obtain from the Treasury, giving the Treasury credit in its checking account for the amount obtained. | | | And since the Reserve authorities, are empowered to suspend for limited periods the requirements stated in the law, the volume of notes and reserve deposits could be much more than doubled if an emergency should make it necessary. | | | When the Federal Reserve Bank receives a deposit of gold or when it makes a loan or a purchase of securities, and the resulting credits are entered on the reserve accounts of the member banks concerned, the additional reserve funds resulting from the transaction immediately lose their connection with the transaction. |
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http://fly.hiwaay.net/~becraft/FRS-Adams.htm
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| | Secrets of the Federal Reserve |
| | I had just signed a contract to write the authorized biography of Ezra Pound, and the Federal Reserve book had to be postponed. | | | The Federal Reserve System began its operations in 1914 with the activity of the Organization Committee, appointed by Woodrow Wilson, and composed of Secretary of the Treasury William McAdoo, who was his son-in-law, Secretary of Agriculture Houston and Comptroller of the Currency John Skelton Williams. | | | Thus the proposed Federal Reserve Bank was to be "controlled by Congress" and answerable to the government, but the majority of the directors were to be chosen, "directly or indirectly" by the banks of the association. |
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http://www.apfn.org/apfn/reserve.htm
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| | United States Note - Wikipedia, the free encyclopedia |
| | Both United States Notes and Federal Reserve notes are parts of the national currency of the United States and both are legal tender. | | | United States Notes (also known as Legal Tender Notes because of their payment obligation stating "This Note is a Legal Tender") are banknotes characterized by a red seal and serial number. | | | United States Notes were fiat currency, in that they were never redeemable explicitly for any precious metal. |
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http://en.wikipedia.org/wiki/United_States_Notes
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| | GAO/GGD-96-11: Counterfeit U.S. Currency Abroad |
| | Treasury states that, based on its vault inspections, Federal Reserve data, detection data, and contact with overseas banking and law enforcement officials, there is no evidence of which it is aware to support the statement that banks may be recirculating the Superdollar. | | | The Secret Service states that it is known that the C-14342 does not circumvent detection and further states that foreign banking institutions and currency exchange houses have consistently demonstrated their ability to detect these notes and that there has not been any indication of widespread recirculation of the C-14342 family by financial institutions. | | | To detect these counterfeit notes, a comparison of the arabic numbers in the corners with the text number at the bottom of the note or under the appropriate portrait can be made. |
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http://www.fas.org/irp/gao/ggd96011.htm
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| | NEXT GENERATION US CURRENCY |
| | Of particular concern to the Federal Reserve and the United States Secret Service is the use of personal computers, scanners, and color printers to counterfeit money. | | | Redesigned notes that were issued beginning in 1996 will be referred to as New Currency Design (NCD) notes. | | | Although the overall percentage of counterfeit notes is minimal, any perceived tolerance of counterfeit seriously undermines the broad government interest in maintaining the integrity of the currency. |
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http://www.thunderlake.com/nexgen.html
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| | National Australia Bank - The 2002/03 Federal Budget |
| | Treasury Notes will continue to be offered by tender, but the commonwealth will reserve the right to issue Treasury Notes on any business day of the week, not just on a Wednesday as is current practice. | | | Use of the information contained on this page is governed by Australian law and is subject to the disclaimers which can be read on the disclaimer page. | | | This budget is once again a very political document. |
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http://www.national.com.au/Business_Solutions/0,,14734,00.html
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| | United States Twenty Dollar Bill With Color |
| | The Federal Reserve System and the Department of the Treasury are committed to protecting the integrity of U.S. currency - and your hard-earned money - against counterfeiting. | | | A redesign of the $5 and $10 bills is still under consideration, but a redesign of the $2 and $1 notes is not planned. | | | While their efforts have been successful (current estimates of counterfeit notes in circulation worldwide are 1 to 2 in every 10,000 genuine notes), advances in technology are making digital counterfeiting easier and cheaper. |
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http://www.bankofinternet.com/quickhelp/us20new.asp
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| | Federal Reserve Notes as supplied by EagleTraders.com |
| | The Federal Reserve agent shall each day notify the board of governors of all issues and withdrawals of Federal Reserve notes of the Federal Reserve bank to which he is accredited. | | | Notes bear upon their faces a distinctive letter and serial number which are assigned by the Board of Governors of the Federal Reserve System to each Federal Reserve bank. | | | Application is accompanied by tender to the Federal Reserve agent of collateral authorized under the act in an amount equal to the sum of the Federal Reserve notes applied for. |
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http://www.eagletraders.com/advice/securities/federal_reserve_notes.htm
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| | Federal Reserve Note - Wikipedia, the free encyclopedia |
| | Federal Reserve Notes (FRNs, "ferns") is the official comma for the type of banknote used in the United States, more commonly known as a bill (as in "twenty-dollar bill"). | | | Federal Reserve Notes are currency, with the words "this note is legal tender for all debts, public and private" printed on each bill. | | | Federal Reserve Notes are fiat currency, which means that they are not redeemable in gold, silver or any other form of lawful money (even though U.S.C. states "Federal Reserve Notes...shall be redeemed in lawful money on demand"). |
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http://en.wikipedia.org/wiki/Federal_Reserve_Note
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| | January 25-28, 2004, The Pre-Long Beach Coin & Currency Auction - Chapter 19 |
| | Four notes from the same pack; Fr-2005-A. 1934, $10 Federal Reserve Note with a Transitional Seal; two Fr-2005-I. 1934, $10 Federal Reserve Notes, consecutive Mules with a Transitional Seal; Fr-2005-L. 1934, $10 Federal Reserve Note. | | | Fr-2001-B. 1928-A, $10 Federal Reserve Note, Very Good;. | | | Together with Fr-2000-H. 1928, $10 Federal Reserve Note. |
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http://www.goldbergcoins.net/catalogarchive/20040124/chap0019.shtml
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| | The Federal Reserve Act |
| | Federal reserve notes received by the Treasury, otherwise than for redemption, may be exchanged for gold out of the redemption fund hereinafter provided and returned to the reserve bank through which they were originally issued, or they may be returned to such bank for credit of the United States. | | | Federal reserve notes unfit for circulation shall be returned by the Federal reserve agents to the Comptroller of the Currency for cancellation and destruction. | | | A Federal Reserve Board is hereby created which shall consist of seven members, including the Secretary of the Treasury and the Comptroller of the Currency, who shall be members ex officio, and five members appointed by the President of the United States, by and with the advice and consent of the Senate. |
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http://landru.i-link-2.net/monques/FR1.html
(6513 words)
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| | The Federal Reserve Act |
| | Federal reserve notes received by the Treasury, otherwise than for redemption, may be exchanged for gold out of the redemption fund hereinafter provided and returned to the reserve bank through which they were originally issued, or they may be returned to such bank for credit of the United States. | | | Federal reserve notes unfit for circulation shall be returned by the Federal reserve agents to the Comptroller of the Currency for cancellation and destruction. | | | A Federal Reserve Board is hereby created which shall consist of seven members, including the Secretary of the Treasury and the Comptroller of the Currency, who shall be members ex officio, and five members appointed by the President of the United States, by and with the advice and consent of the Senate. |
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http://landru.i-link-2.net/monques/FR1.html
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| | GAO - U.S. Currency: Printing of Flawed Redesigned $50 Notes (Testimony, 10/01/97, GAO/T-GGD-98-8). |
| | BEP officials said they did not tell the Federal Reserve about the problem earlier because they believed the notes were of acceptable quality and that the production problems were typical of those that could be expected in producing a newly designed note. | | | BEP officials told us that although they viewed the new notes as acceptable for distribution to the Federal Reserve and for circulation, they believed that the quality of the concentric lines needed to be improved. | | | BEP and the Federal Reserve refer to notes produced before the dams were cut as phase I notes, and those produced after the dams were cut as phase II notes. |
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http://www.fas.org/irp/gao/ggd98008.htm
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| | Six Kinds of United States Paper Currency |
| | Thus the Federal Reserve Bank Note $5 of Series 1914 simply displaced the portrait of Lincoln to the side from the contemporaneous Federal Reserve Note $5 and replaced it in the center, as in National Bank Notes, with the name of the bank. | | | The amount of U.S. Currency (Federal Reserve Notes at that point) had come to exceed what could be covered even by the reserves of Fort Knox; and, after all, the federal government still wanted to maintain its hoard. | | | The reverses are identical, except that "National Currency, Federal Reserve Bank Note" replaces "Federal Reserve Note" and the obligations are different -- Federal Reserve Notes were redeemable in gold, while National Currency could not be used for duties on imports or payments on the public debt. |
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http://www.friesian.com/notes.htm
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| | Federal Reserve Note - Wikipedia, the free encyclopedia |
| | Federal Reserve Notes are currency, with the words "this note is legal tender for all debts, public and private" printed on each bill. | | | Federal Reserve Notes (FRNs, "ferns") is the official name for the type of banknote used in the United States, more commonly known as a bill (as in "twenty-dollar bill"). | | | Federal Reserve Notes represent a first lien on all the assets of the Federal Reserve Banks, and on the collateral specifically held against them. |
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http://en.wikipedia.org/wiki/Federal_Reserve_note
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| | Safe Haven Gold's Hidden Secret: The Moral Hazard Of Fiat Money |
| | Federal reserve notes, to be issued at the discretion of the Board of Governors of the Federal Reserve System for the purpose of making advances to Federal Reserve banks through the Federal Reserve agents as hereinafter set forth and for no other purpose, are hereby authorized. | | | Federal Reserve Notes are doomed to lose their purchasing power, just as the Fed's Inflation calculator shows. | | | The said notes shall be obligations of the United States and shall be receivable by all national and member banks and Federal Reserve banks and for all taxes, customs, and other public dues. |
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http://www.safehaven.com/article-4285.htm
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| | national bank on Encyclopedia.com |
| | Subsequent acts modified the act of 1864 in various details, and the plan was changed fundamentally by the Federal Reserve Act of Dec. 23, 1913, which provided for the gradual substitution of Federal Reserve notes and Federal Reserve bank notes for national bank notes. | | | The Federal Reserve Act also required all national banks to become members of the Federal Reserve System. | | | The act of 1864 authorized the formation of private banking corporations that were to invest a large part of their capital in bonds of the United States and that might then issue their notes as currency. |
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http://www.encyclopedia.com/html/n1/natlbank.asp
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| | The Federal Reserve Act |
| | Federal reserve notes received by the Treasury, otherwise than for redemption, may be exchanged for gold out of the redemption fund hereinafter provided and returned to the reserve bank through which they were originally issued, or they may be returned to such bank for credit of the United States. | | | The chairman of the board of directors of the Federal reserve bank of the district in which the bank is situated or, pending the appointment of such chairman, the organzation committee shall classify the member banks of the district into three general groups or divisions. | | | The organization committee or the Federal Reserve Board, under such rules and regulations as it may prescribe, subject to the provisions of this section, may permit the applying bank to become a stockholder in the Federal reserve bank of the district in whch the applying bank is located. |
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http://landru.i-link-2.net/monques/FR1.html
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| | United States Note - Wikipedia, the free encyclopedia |
| | Both United States Notes and Federal Reserve notes are parts of the national currency of the United States and both are legal tender. | | | The Federal Reserve Act of 1913 authorized the production and circulation of Federal Reserve notes. | | | Although the Bureau of Engraving and Printing (BEP) prints these notes, they move into circulation through the Federal Reserve System. |
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http://en.wikipedia.org/wiki/United_States_Notes
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| | Federal Reserve Note Encyclopedia Article, Description, History and Biography @ LocalColorArt.Encyclopedia.com |
| | Federal Reserve notes are currency, with the words "this note is legal tender for all debts, public and private" printed on each bill. | | | Despite no longer being issued by the Treasury Department, Federal Reserve notes must be signed by the Treasurer of the United States and the United States Secretary of the Treasury before becoming legal currency. | | | It pays the BEP for the cost of producing the notes, which then become liabilities of the Federal Reserve Banks, and obligations of the United States Government. |
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http://encyclopedia.localcolorart.com/encyclopedia/Federal_Reserve_note
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| | Federal Reserve Bank Notes as supplied by EagleTraders.com |
| | Authority for the issuance of Federal Reserve Bank notes against any direct obligations of the United States not bearing the circulation privilege or against eligible commercial paper was repealed by the act of June 12, 1945. | | | Lawful money has been deposited for the retirement of Federal Reserve Bank notes, and thus they are being retired from circulation as soon as returned to the Treasury unfit for use. | | | The next large issuance occurred in the banking crisis of 1933, when it was feared that the shortage of collateral for Federal Reserve notes might create an inadequate circulation. |
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http://www.eagletraders.com/advice/securities/federal_reserve_bank_notes.htm
(1221 words)
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| | Six Kinds of United States Paper Currency |
| | Thus the Federal Reserve Bank Note $5 of Series 1914 simply displaced the portrait of Lincoln to the side from the contemporaneous Federal Reserve Note $5 and replaced it in the center, as in National Bank Notes, with the name of the bank. | | | The desire of the federal government to monopolize banknotes is evident in the tax that was subsequently levied on all banknotes issued by State banks. | | | Compare the Series 1996 $50 Federal Reserve Note with the previous Series 1993 $50 Federal Reserve Note [reverse]. |
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http://www.friesian.com/notes.htm
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| | Federal Reserve Bank of Minneapolis - Money Curriculum Unit - The Face of U.S. Currency |
| | Federal Reserve notes are printed by the U.S. Bureau of Engraving and Printing at facilities in Washington, D.C., and Fort Worth, Texas. | | | Virtually all currency in circulation is in the form of Federal Reserve notes, that is bills printed by the Bureau of Engraving and Printing of the Department of Treasury and issued by the Federal Reserve Banks. | | | These institutions act as "banks for the banks." To find out more about the what the Federal Reserve does, |
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http://minneapolisfed.org/econed/curric/pictures.cfm
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| | United States Federal Reserve Notes 1988 Birth Year Notes |
| | United States Federal Reserve Notes 1988 Birth Year Notes | | | U.S. Rare Currency » Private Currency Collector - Dealer, Buying and Selling US Paper Money, Large and Small Size Gold and Silver Certificates, Federal Reserve Notes, Legal Tender and Premium Federal Reserve Products. | | | 1999 $1 Federal Reserve Ladder Star Birth Year Note S/N H 07891988* |
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http://usrarecurrency.com/1988BirthYearNotes.htm
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| | FEDERAL RESERVE NOTE |
| | In the arguments by which the Federal Reserve Act was passed, the notes were to be redeemable in 'Lawful money' is still defined by the Constitution in units of gold or silver. | | | Ostensibly, the obligation to redeem the notes in lawful money was to prevent the Federal Reserve Banks from abusive issues of currency. | | | Federal Reserve Note after removal of gold to foreign principals simply stripped of the evidence of the obligation to redeem. |
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http://www.wealth4freedom.com/truth/money-truth.htm
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| | ILLEGAL FEDERAL RESERVE |
| | It appears obvious that President Kennedy knew the Federal Reserve Notes being used as the purported legal currency were contrary to the Constitution of the united States of America. | | | Federal Reserve Notes continued to serve as the legal currency of the nation. | | | On this point, it's interesting to note that the Federal Reserve Act and the sixteenth amendment, which gave congress the power to collect income taxes, were both passed in 1913. |
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http://www.middleeast.org/comments/1/5672.shtml
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