What does Federal Reserve Note mean?
Definitions for Federal Reserve Note
fed·er·al re·serve note
This dictionary definitions page includes all the possible meanings, example usage and translations of the word Federal Reserve Note.
Princeton's WordNet
bill, note, government note, bank bill, banker's bill, bank note, banknote, Federal Reserve note, greenbacknoun
a piece of paper money (especially one issued by a central bank)
"he peeled off five one-thousand-zloty notes"
Wikipedia
Federal Reserve Note
Federal Reserve Notes, also United States banknotes, are the currently issued banknotes of the United States dollar. The United States Bureau of Engraving and Printing produces the notes under the authority of the Federal Reserve Act of 1913 and issues them to the Federal Reserve Banks at the discretion of the Board of Governors of the Federal Reserve System. The Reserve Banks then circulate the notes to their member banks, at which point they become liabilities of the Reserve Banks and obligations of the United States.Federal Reserve Notes are legal tender, with the words "this note is legal tender for all debts, public and private" printed on each note. The notes are backed by financial assets that the Federal Reserve Banks pledge as collateral, which are mainly Treasury securities and mortgage agency securities that they purchase on the open market by fiat payment.
ChatGPT
federal reserve note
A Federal Reserve Note is a type of legal tender in the United States issued by the Federal Reserve System. It is the most common form of paper money in circulation in the U.S., including various denominations such as $1, $5, $10, $20, $50, and $100 notes. The production and distribution of these Federal Reserve Notes are regulated and governed by the 12 Federal Reserve Banks.
Wikidata
Federal Reserve Note
A Federal Reserve Note, also a United States banknote or U.S. banknote, is a type of banknote 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. They are distinct from Federal Reserve Bank Notes, each of which was issued and backed by one, rather than all collectively, of the twelve Federal Reserve Banks. Federal Reserve Notes are authorized by Section 16 of the Federal Reserve Act of 1913 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. Federal Reserve Notes are legal tender, with the words "this note is legal tender for all debts, public and private" printed on each note. They have replaced United States Notes, which were once issued by the Treasury Department. Federal Reserve Notes are backed by the assets of the Federal Reserve Banks, which serve as collateral under Federal Reserve Act Section 16. These assets are generally Treasury securities which have been purchased by the Federal Reserve through its Federal Open Market Committee in a process called debt monetizing. This monetized debt can increase the money supply, either with the issuance of new Federal Reserve Notes or with the creation of debt money. This increase in the monetary base leads to larger increase in the money supply through the fractional-reserve banking as deposits are lent and re-deposited where they form the basis of further loans.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of Federal Reserve Note in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of Federal Reserve Note in Pythagorean Numerology is: 8
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"Federal Reserve Note." Definitions.net. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.definitions.net/definition/Federal+Reserve+Note>.
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