Search
 

New $50s to Appear Sept. 28

WASHINGTON-The newly redesigned $50 bills will start being circulated Sept. 28, the Federal Reserve and the Bureau of Engraving and Printing announced last week. The new currency features subtle background colors of blue and red, images of a waving American flag and a small metallic silver-blue star. Financial institutions and...

By Staff Writer | Updated on July 06, 2004

WASHINGTON-The newly redesigned $50 bills will start being circulated Sept. 28, the Federal Reserve and the Bureau of Engraving and Printing announced last week. The new currency features subtle background colors of blue and red, images of a waving American flag and a small metallic silver-blue star. Financial institutions and businesses should begin their final preparations for the new notes, the Fed and the Bureau warned. Some may just need to train employees on how to use the new built in security features, while others may need to make technical adjustments to ATMs and other machines. “The enhanced security features in this series of notes help ensure that U.S. currency will continue to represent the trust, value and confidence that people all over the world have grown to rely on and expect,” Fed Governor Mark W. Olson said. “As always, all new notes will co-circulate with the older designs. All notes are good for good.” “The objective of the new currency program is a safer, smarter and more secure currency and its smooth transition into daily commerce,” Tom Ferguson, director of the Bureau, said. “To that end, we have been working with the appropriate machine manufacturers for nearly two years to ensure they have the information they need to make their equipment compatible with each newly redesigned note that is introduced into circulation.” While the colored background itself is not a security feature, it does make the design more difficult to duplicate. There is also a watermark, security thread, and color-shifting ink. The redesigned $50 note is the second in the Series 2004 new currency designs after the $20, which was released in October 2003. A new $100 bill is also planned. A decision is still pending on whether the $10 and $5 notes will be redesigned, but the $1 and $2 designs will not change.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.