by BulldogFord65 » October 8th, 2013, 11:57 am
Press Release Release Date: October 8, 2013
For immediate release
The Federal Reserve on Tuesday began supplying financial institutions with a redesigned $100 note that incorporates new security features to deter counterfeiters and help businesses and consumers tell whether a note is genuine.
Distance, demand, and the policies of individual financial institutions will influence how quickly the redesigned notes reach businesses and consumers around the world.
"The new design incorporates security features that make it easier to authenticate, but harder to replicate," said Federal Reserve Board Governor Jerome H. Powell. "As the new note transitions into daily transactions, the user-friendly security features will allow the public to more easily verify its authenticity."
Read More Link on Right
The Federal Reserve, U.S. Department of the Treasury, U.S. Bureau of Engraving and Printing, and the U.S. Secret Service partner to redesign Federal Reserve notes to stay ahead of counterfeiting threats.
The redesigned $100 note includes two new security features: a blue 3-D security ribbon with images of bells and 100s, and a color-changing bell in an inkwell. The new features, and additional features retained from the previous design, such as a watermark, offer the public a simple way to visually authenticate the redesigned $100 note.
Consumers worldwide are advised that it is not necessary to trade in older-design $100 notes for new ones.
It is U.S. government policy that all designs of U.S. currency remain legal tender, regardless of when they were issued.
For more information about the new design $100 note, as well as training and educational materials, visit http://www.newmoney.gov.
Last update: October 8, 2013
Note that the image still has Timothy Geitner as Sec Treasury; recall the stories from this summer when Jack Lew had to modify his signature to be more legible?? I am curious why we do not have any updated image? Just one more thing that makes me go hmmmm..... Also, the location and style of "Federal Reserve Note" has changed...no longer a banner across the top of the note...
transcript of the video "When Will I Start to See the Redesigned $100 Note in Circulation?":
Sonja Danburg: The Federal Reserve Board is going to begin issuing the redesigned $100 note on October 8, 2013, but it may take some time before you see a new design $100 note in circulation.
We've built up large inventories of redesigned $100 notes in Federal Reserve Bank vaults across the United States. Beginning on October 8, any financial institution that orders $100s from the Federal Reserve will receive the new design. But the time it takes a note to journey from there to businesses and consumers is influenced by distance, demand, and the policies of individual financial institutions.
In the meantime, you can still trust and rely on the security features in the previous $100 note designs, such as the embedded security thread. Remember, it is U.S. government policy that all designs of US currency remain legal tender, regardless of when they were issued.
Partytime1: It's just a specimen and remember this was originally printed back in 2010 then got delayed because of an issue with creasing which delayed the release date to Oct 2013. It is probably a same copy they had originally. If you notice the date on that says 2009.
BulldogFord65: Hey Party Time: That's the point, they continue to show us an old design of a new note. If this is to be our cutting-edge security note, why the old image? Just makes me curious...hmmm... When a car manufacturer rolls out their new model, they don't advertise with a photo of the 2009 model. Just a curiosity?