Federal Reserve note


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Related to Federal Reserve note: Federal Reserve Bank

Federal Reserve note

n
(Banking & Finance) a bank note issued by the Federal Reserve Banks and now serving as the prevailing paper currency in circulation in the US
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.Federal Reserve note - a piece of paper money (especially one issued by a central bank)Federal Reserve note - a piece of paper money (especially one issued by a central bank); "he peeled off five one-thousand-zloty notes"
folding money, paper currency, paper money - currency issued by a government or central bank and consisting of printed paper that can circulate as a substitute for specie
silver certificate - formerly a bank note issued by the United States Treasury and redeemable in silver
c-note, hundred dollar bill - a United States bill worth 100 dollars
fifty dollar bill, fifty - a United States bill worth 50 dollars
twenty dollar bill, twenty - a United States bill worth 20 dollars
ten dollar bill, tenner - a United States bill worth 10 dollars
five dollar bill, fiver, five-spot - a United States bill worth 5 dollars
two dollar bill - a United States bill worth 2 dollars
dollar bill, one dollar bill, buck, clam, dollar - a piece of paper money worth one dollar
References in periodicals archive ?
Finally, in 2003, Congress authorized any Federal Reserve asset to back Federal Reserve note issuance.
17 letter, Curtiss Greer states: "Last week in my bank I asked whether I could deposit federal reserve notes into my account.
In addition to requiring an elastic currency, the Federal Reserve Act also authorizes the Federal Reserve to issue Federal Reserve notes to depository institutions through the Federal Reserve Banks.
Substituting privately issued money for Federal Reserve notes may have important implications for the behavior of the money supply because it affects bank reserves and the interest sensitivity of the monetary aggregates.
Even less were the Founders subject to the modern delusion that a paper promise to pay (such as a Federal Reserve Note) not only can substitute for real money for a while, but even can supplant it permanently.
Part of the agreement's headline reads: "United States of America: Federal reserve notes department in agreement with Kenya government under the authority of Kenya Central Bank."
Before passage of the Wyoming Legal Tender Act, the laws of that state required that all debts be paid in Federal Reserve notes or in coins issued by the government of the United States.
was consolidated into Federal Reserve Notes, United States Notes, and Silver Certificates; privately issued bank notes were eliminated.
In particular, Rogoff proposes that, at a minimum, large-denomination Federal Reserve notes be eliminated.
First, currency (Federal Reserve Notes) increased from $758 billion to $1,407 billion, an average annual growth rate of about 6 percent.
Yet, we've seen four years of the Federal Reserve--now on its third quantitative-easing program--experimenting with its own type of greenback program, creating new money out of thin air in the form of credits in Federal Reserve Notes to purchase trillions of dollars of bonds from big banks and hedge funds.

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