$20 Federal Reserve Bank Notes (1929)

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$20 Federal Reserve Bank Notes

APMEX offers a fine selection of $20 Federal Reserve Bank notes. The 1929 Federal Reserve Bank Notes were the first issued, and printed in denominations from $5 to $100. Authorized in 1933 as emergency money, the need for Federal Reserve Bank notes had arisen because of the large-scale removal of Federal Reserve notes.

Often confused with Federal Reserve notes, the key difference between the two is that Federal Reserve Bank notes were exchanged through individual banks.
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