364:
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four signatures. Two signatures were those of the
Register of the Treasury and Treasurer of the United States and were printed as part of the note's design. The other two signatures were those of the bank's cashier and president, and were individually signed by those officers prior to issuing the note. Notes were sent to the bank by the Treasury and typically signed as uncut sheets, so that the top edge of some notes show the lower part of a signature (such as the descender of a "y" or "j") from the note above it. Notes were often cut apart with scissors, so that the top and bottom edges of notes can be uneven and cut into the borders of the design.
372:
types of United States currency from the late 1920s to the early 1990s. In the case of
National Bank Notes, the elaborate rendition of the bank's name was omitted from the engraved design with the change to small-size notes, and instead was now simply over-stamped in black ink, just above the engraved lettering of the promise-to-pay. Similarly, the issuing bank's charter number was omitted from the engraved border, and now simply overprinted in dark ink. In the case of the last issues of small size National Bank Notes, referred to as Type 2 notes, the charter number also appeared twice in brown ink in line with the note's serial numbers.
350:
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231:
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well as overprinted elsewhere on the obverse. To aid
Treasury workers in sorting banknotes, later large size notes also showed a letter to indicate the region of the country in which the issuing bank was located—"N" for New England, "E" for East, "S" for South, "M" for Mid-West, "W" for West, and "P" for Pacific coast.
962:
178:
Most, but not all, large size national banknotes showed the charter number of the issuing bank on the obverse. In some cases the charter number was printed once, but typically the charter number appeared twice. The issuing bank's charter number was carefully positioned inside the engraved border, as
134:
From 1863 to 1935, National Bank Notes were issued by banks throughout the country and in US territories. Banks with a federal charter would deposit bonds in the US Treasury. The banks then could issue banknotes worth up to 90 percent of the value of the bonds. The federal government would back the
410:
Sometimes these notes are called "hometown" notes, with their popularity deriving from the wide range of towns and cities that issued them. Among paper money hobbyists, especially in the U.S., these notes are avidly studied and collected. Some were issued in large numbers and remain inexpensive to
174:
Large-size notes bore two serial numbers. The
Treasury serial number indicated the total number of notes of that series and denomination issued by all banks. The bank serial number indicated the number of notes of that series and denomination issued only by that bank. Large size notes also bore
371:
With the advent of small-size banknotes came significant design changes for all types of paper currency including
National Bank Notes. As a result of the changes, each denomination now had the same portrait and, except for minor variations, the same decorative features that would characterize all
170:
used for many years featured a portrait on the obverse, near the left edge, and the bank's name printed in prominent shaded type in the middle. The historical figures seen on these notes usually were different from those on the same denominations of paper currency today.
969:
121:
established a system of
National Banks which were empowered to issue National Bank Notes subject to federal oversight. The chartering of banks and administrative control over the issuance of National Bank Notes were the responsibility of the
154:
Each
National Bank Note bore the issuing bank's national charter number as well as the serial number assigned to the note by that bank. Low serial-numbered notes were often withdrawn as souvenirs by the bank officers who signed them.
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611:
166:
Through much of their earlier history of issue, national banknotes used designs in which the issuing bank's name was prominently displayed, rather than "The United States Of
America". One
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78:. In addition, banks were required to maintain a redemption fund amounting to five percent of any outstanding note balance, in gold or "lawful money." The notes were not
126:. A 2 percent tax on state bank notes was authorized in 1864 to speed conversion to the new system, only to be increased the next year to 10 percent, then 20 percent.
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411:
collectors today. Others associated with rare banks, towns, states and combinations thereof and are quite valuable. A note from Walla Walla, in what was then
407:
created an accounting gain for the
Treasury, part of which was used to provide funds to retire all bonds against which National Banks Notes could be issued.
142:
of the
Federal debt. Bonds eligible as collateral for posting to the Treasury were said to have "circulation privilege" and the interest they bore provided
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1531:
45:. The 5550 in brown ink (and large numerals on the reverse) is the issuing bank's national charter number, also shown in the note's border engraving.
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379:. These were printed using National Bank Note plates with slight design changes. Both say "National Currency", but have different issuers.
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109:, state banks and chartered private banks issued their own banknotes. Privately issued banknotes were nominally backed by specie (
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National Bank Notes were retired as a currency type by the U.S. government in the 1930s, when U.S. currency was consolidated into
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Small size National Bank Notes look very similar to, but are distinctly different from, the emergency 1933 issue of the
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value of the notes—the issuance of which created a demand for the government bonds needed to back them.
113:) or financial securities held by the banks but oversight of issuing banks often was lax and encouraged
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National Bank Notes were retired as a currency type by the U.S. government in the 1930s during the
117:, in which fraudulent institutions issued worthless banknotes. During the Civil War, in 1863, the
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in general, but were satisfactory for nearly all payments to and by the federal government.
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Except for the last few years of issue, all of the National Bank Notes were large-sized.
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Three notes are reported: two in government collections and one in a private collection.
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National Bank Notes, 1864-1935: Production, Issuance, Redemption, and Circulation
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Webster's new international dictionary of the English language. Second edition
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Walla Walla, Washington Territory - $ 5 1875 Fr. 403 The First NB Ch. # 2380
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403:; privately issued banknotes were eliminated. The passage of the
37:(President) and W.G. Cooper (Cashier). The vignette at left shows
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29:
issued by The First National Bank of Hawaii at Honolulu,
523:. 1949: G&C Merriam Company, Springfield, MA. p 1629
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National Bank Notes - Values and Pricing Information
426:
188:
Complete type set (Original and Series 1875, mixed)
1518:
650:Canceled denominations of United States currency
367:A small-size National Bank Note, series of 1929
391:as currency in the U.S. was consolidated into
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500:No issued notes have been reported to exist.
415:, sold for $ 161,000 in a June 2010 sale at
621:Obsolete United States currency and coinage
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1532:Currencies with multiple banknote issuers
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124:Office of the Comptroller of the Currency
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1031:Maryland Tobacco Inspection Act of 1747
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183:The first issue of National Bank Notes
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473:Higgins Museum of National Bank Notes
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999:Monetary policy of the United States
983:central banking in the United States
1281:New York Clearing House Association
645:History of the United States dollar
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67:. The notes were usually backed by
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1093:Article I of the U.S. Constitution
534:"Bureau of Engraving and Printing"
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813:one-hundred-thousand-dollar bill
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841:Compound interest treasury note
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1527:Banknotes of the United States
1069:Continental currency banknotes
926:Black Eagle Silver Certificate
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1:
1437:Specie Payment Resumption Act
1182:Banking in the Jacksonian Era
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16:Retired US currency banknotes
1499:National Monetary Commission
896:Treasury Note (19th century)
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340:$ 1,000 Series 1875 (proof)
149:
74:the bank deposited with the
7:
1475:Sherman Silver Purchase Act
1207:New York Safety Fund System
1081:U.S. Finance Superintendent
1057:Second Continental Congress
824:Discontinued currency types
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10:
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906:United States postal notes
776:Discontinued denominations
377:Federal Reserve Bank Notes
326:The Appleton National Bank
241:The Vineland National Bank
138:The program was a form of
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1373:Public Credit Act of 1869
1259:Independent U.S. Treasury
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1047:1st Industrial Revolution
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851:Federal Reserve Bank Note
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803:five-thousand-dollar bill
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585:Bank Note History Project
309:The Raleigh National Bank
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1298:Legal Tender Act of 1862
1111:U.S. Treasury Department
808:ten-thousand-dollar bill
798:one-thousand-dollar bill
793:five-hundred-dollar bill
311:Raleigh, North Carolina
65:United States Government
1413:National Gold Bank Note
1368:Contraction Act of 1866
1117:U.S. Treasury Secretary
876:National Gold Bank Note
831:Early American currency
343:The First National Bank
292:The First National Bank
275:The First National Bank
260:Bismarck, North Dakota
258:The First National Bank
224:The First National Bank
207:The First National Bank
146:to the National Banks.
1124:U.S. Treasury security
1025:Tobacco Inspection Act
519:"National Bank Note".
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328:Lowell, Massachusetts
323:$ 500 Original Series
306:$ 100 Original Series
76:United States Treasury
54:United States currency
46:
41:conducting the famous
1468:Juilliard v. Greenman
1461:Refunding Certificate
1327:National banks system
1321:Interest bearing note
1200:McCulloch v. Maryland
1087:Bank of North America
1063:U.S. dollar banknotes
1009:Commercial Revolution
891:Treasury or Coin Note
881:Refunding Certificate
866:Interest bearing note
861:Hawaii overprint note
635:United States coinage
544:on November 10, 2002.
393:Federal Reserve Notes
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345:Salem, Massachusetts
243:Vineland, New Jersey
87:Federal Reserve Notes
24:
1493:Aldrich–Vreeland Act
1408:Currency Act of 1870
1075:Bank of Pennsylvania
836:Continental currency
640:United States dollar
538:www.moneyfactory.gov
465:United States portal
413:Washington Territory
204:$ 1 Original Series
119:National Banking Act
1505:Federal Reserve Act
1427:Coinage Act of 1873
1401:Hepburn v. Griswold
1351:Coinage Act of 1864
1309:Fractional currency
1287:Coinage Act of 1857
1276:Coinage Act of 1853
1265:Coinage Act of 1849
1219:Coinage Act of 1834
1136:Coinage Act of 1792
783:Fractional currency
401:silver certificates
397:United States Notes
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95:silver certificates
91:United States Notes
50:National Bank Notes
31:Territory of Hawaii
1455:Silver certificate
1394:Legal Tender Cases
1333:National Bank Note
1315:National Bank Acts
1303:United States Note
1141:United States Mint
901:United States Note
886:Silver certificate
871:National Bank Note
737:Three-dollar piece
451:Numismatics portal
383:End of the program
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107:American Civil War
47:
33:(1900), signed by
27:National Bank Note
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1487:Gold Standard Act
1449:Bland–Allison Act
1443:Twenty-cent piece
1362:Three-cent nickel
1270:Three-cent silver
1147:U.S. dollar coins
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757:(1850–1933; 2009)
708:Twenty-cent piece
696:Three-cent silver
690:Three-cent nickel
417:Heritage Auctions
356:
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289:$ 50 Series 1875
272:$ 20 Series 1875
255:$ 10 Series 1875
209:Lebanon, Indiana
63:chartered by the
39:Benjamin Franklin
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1339:Gold certificate
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856:Gold certificate
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359:Small size notes
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294:Cleveland, Ohio
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238:$ 5 Series 1875
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226:Emporia, Kansas
221:$ 2 Series 1875
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25:The first $ 10
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291:
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245:
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193:Value/series
191:
180:
176:
172:
169:
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141:
136:
127:
125:
120:
116:
112:
108:
105:Prior to the
98:
96:
92:
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83:
81:
77:
73:
70:
69:United States
66:
62:
58:
55:
51:
44:
40:
36:
32:
28:
23:
19:
1466:
1418:
1399:
1392:
1332:
1317:(1863; 1864)
1241:Free banking
1198:
1193:Suffolk Bank
1099:Section VIII
1038:(1751; 1764)
870:
755:Double eagle
561:
550:
542:the original
537:
528:
520:
515:
496:
487:
437:Money portal
409:
386:
374:
370:
177:
173:
165:
162:
153:
140:monetization
137:
133:
104:
84:
80:legal tender
49:
48:
26:
18:
1501:(1909–1912)
1483:(1890–1891)
1463:(1879–1907)
1457:(1878–1964)
1445:(1875–1878)
1432:Free silver
1420:Knox v. Lee
1415:(1870–1875)
1386:(1870–1914)
1364:(1865–1889)
1358:(1864–1873)
1347:(1863–1864)
1341:(1863–1933)
1329:(1863–1913)
1323:(1863–1865)
1311:(1862–1876)
1305:(1862–1971)
1294:(1861–1862)
1292:Demand Note
1283:(1853–1863)
1272:(1851–1873)
1261:(1846–1913)
1255:(1842–1865)
1249:(1836–1865)
1243:(1836–1865)
1234:(1840–1870)
1215:, 1832–1836
1209:, 1829–1842
1195:, 1818–1858
1189:, 1816–1836
1178:(1812–1913)
1172:(1793–1857)
1166:(1793–1857)
1155:(1792–1873)
1143:(1792–1873)
1132:(1791–1811)
1115:1789–1913;
1097:1787–1788;
1089:(1781–1791)
1083:(1781–1785)
1077:(1780–1781)
1071:(1775–1779)
1059:(1776–1780)
1050:(1760–1840)
1012:(1607–1760)
846:Demand Note
751:(1795–1933)
745:(1795–1929)
739:(1854–1889)
733:(1796–1929)
727:(1849–1889)
725:Gold dollar
710:(1875–1878)
704:(1792–1873)
698:(1851–1873)
692:(1865–1889)
686:(1864–1873)
680:(1793–1857)
674:(1793–1857)
196:Bank title
144:seigniorage
130:The program
35:Cecil Brown
1521:Categories
1170:Large cent
743:Half eagle
718:Gold coins
678:Large cent
666:Half disme
508:References
111:hard money
101:Background
59:issued by
1164:Half cent
1153:Half dime
1104:Section X
937:Funnyback
702:Half dime
672:Half cent
479:Footnotes
199:Banknote
150:The notes
57:banknotes
1213:Bank War
987:pre–1913
769:Currency
423:See also
1149:(1792–)
1065:(1775–)
919:Related
1507:(1913)
1495:(1908)
1489:(1900)
1477:(1890)
1471:(1884)
1451:(1878)
1439:(1875)
1423:(1871)
1404:(1870)
1203:, 1819
1027:(1730)
933:(1787)
668:(1792)
628:Topics
399:, and
168:design
93:, and
749:Eagle
659:Coins
72:bonds
52:were
981:and
1523::
536:.
419:.
395:,
97:.
89:,
989:)
985:(
971:e
964:t
957:v
613:e
606:t
599:v
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