On July 14, 1969, David M. Kennedy, the 60th Secretary of the Treasury, and officials at the Federal Reserve Board announced that they would immediately stop distributing currency in denominations of $500, $1,000, $5,000 and $10,000. Production of these denominations stopped during World War II. Their main purpose was for bank transfer payments. With the arrival of more secure transfer technologies, however, they were no longer needed for that purpose. While these notes are legal tender and may still be found in circulation today, the Federal Reserve Banks remove them from circulation and destroy them as they are received.
[ Last Update: Sunday, 26-Feb-2012 14:45:48 EST ]
|Series 1934 $ 1,000 Federal Reserve Note, San Francisco, Julian - Morgenthau, Plate# A1/1, S/N L00015307A, 90,600 printed for the San Francisco Federal Reserve District|
|Series 1934A $ 1,000 Federal Reserve Note, Atlanta, Julian - Morgenthau, Plate# D2/5, S/N F00103924A, 80,964 printed for the Atlanta Federal Reserve District|
Part of the Dearborn Hoard.