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Federal Reserve Note
English Wikipedia - The Free Encyclopedia
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Federal Reserve Note
Federal Reserve Notes
, also
United States banknotes
or
U.S. banknotes
, are the
banknotes used in the United States of America
. Denominated in
United States dollars
, Federal Reserve Notes are printed by the United States
Bureau of Engraving and Printing
on paper made by
Crane & Co.
of
Dalton, Massachusetts
. Federal Reserve Notes are the only type of U.S. banknote currently produced. Federal Reserve Notes are authorized by Section 16 of the
Federal Reserve Act of 1913
(codified at ) and are issued to the
Federal Reserve Banks
at the discretion of the
Board of Governors of the Federal Reserve System
. The notes are then put into circulation by the Federal Reserve Banks, at which point they become liabilities of the Federal Reserve Banks and obligations of the United States.
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