During this same period (1793 - 1861), approximately 1,600 private banks were permitted to print and circulate their own paper currency under state charters. Eventually, 7,000 varieties of these "state bank notes" were put in circulation, each carrying a different design! With the onset of the Civil War, the government ...
Facts About United States Coins & Currency. Facts About the $1 Note. The first $1 notes (called United States Notes or "Legal Tenders") were issued by the Federal government in 1862 and featured a portrait of Secretary of the Treasury Salmon P. Chase (1861-1864). The first use of George Washington's portrait on the $1 ...
Mar 27, 2018 ... The Federal Reserve Board of Governors in Washington DC.
Dec 1, 2015 ... What can you tell me about the paper that is used to make our currency notes? United States currency paper is composed of 75 percent cotton and 25 percent linen. This is what gives United States currency its distinct look and feel. More Money Facts on How Money is Made ...
Jul 8, 2014 ... About the Secretary. Steven Terner Mnuchin was sworn in as the 77th Secretary of the Treasury on February 13, 2017. As Secretary of the Treasury, Mr. Mnuchin is responsible .... The purpose of the United States currency system is to serve the needs of the public and these denominations meet that goal.