What is federal reserve note?

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. They are the only type of U.S. banknote produced as of 2012. They are distinct from Federal Reserve Bank Notes, each of which was issued (until 1971) and backed by one, rather than all collectively, of the twelve Federal Reserve Banks.

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Famous quotes containing the words federal, reserve and/or note:

    Goodbye, boys; I’m under arrest. I may have to go to jail. I may not see you for a long time. Keep up the fight! Don’t surrender! Pay no attention to the injunction machine at Parkersburg. The Federal judge is a scab anyhow. While you starve he plays golf. While you serve humanity, he serves injunctions for the money powers.
    Mother Jones (1830–1930)

    If a walker is indeed an individualist there is nowhere he can’t go at dawn and not many places he can’t go at noon. But just as it demeans life to live alongside a great river you can no longer swim in or drink from, to be crowded into safer areas and hours takes much of the gloss off walking—one sport you shouldn’t have to reserve a time and a court for.
    Edward Hoagland (b. 1932)

    Is whispering nothing?
    Is leaning cheek to cheek? Is meeting noses?
    Kissing with inside lip? Stopping the career
    Of laughter with a sigh?—a note infallible
    Of breaking honesty.
    William Shakespeare (1564–1616)