Description
The first Federal Reserve notes, or U.S. banknotes, were issued under the Federal Reserve Act of December 23, 1913. Federal Reserve notes are still made today, albeit in a reduced physical size as compared to these large-size pieces. The large-size Federal Reserve notes, also known as “horse blankets” or “saddle blankets” were issued in denominations ranging from $5 to $10,000. The first wave of these Federal Reserve notes was released as Series 1914 and include denominations of $5 through $100.
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