Notes are United States Currency authorized by the
National Banking Act of 1863 and issued through 1935. National Bank Notes
were issued as small size notes starting with the series of 1929.
These notes are similar to Federal Reserve
Notes in function however they were backed by each individual Chartered
National Bank separately. Federal Reserve Notes are backed
collectively by all the Federal Reserve Banks. These notes
are also similar to Federal Reserve Bank Notes which were backed
by Federal Reserve Banks.
Small size National
Bank Notes used the same paper stock as Federal Reserve
Bank Notes. They can be distinguished by their Brown Seal and
brown serial numbers as well as the name, location, and charter number
of the National Bank they are backed by (all printed on the
obverse of the bills). These bills feature 4 signatures: 1)
The Register of the Treasury at the time, E.E. Jones. 2) The Treasurer
at the time, W.O. Woods. 3) The Cashier at the time of the issuing
National Bank. 4) The President at the time of the
issuing National Bank.
National Bank Notes can be distinguished from
Federal Reserve Bank Notes by the name and type of the bank on the
obverse. It is also interesting to note the absence of the
black bar on the lower right corner of these bills. The bar was printed
on Federal Reserve Bank Notes to cover up the word "President" which
was used on
National Bank Notes.
Federal Reserve Banks have governors
not presidents. (see picture)
Small size National
Bank Notes were printed and issued to the
for the series of 1929. Series 1929 came in two types.
Series 1929 Type 1 were printed from May 1929 through May
1933. Series 1929 Type 2 were printed from May 1933 through
May 1935. $5, $10, $20, $50, and
$100 denominations were issued. Type 2 notes can be
distinguished by the inclusion of the bank's charter number in brown
twice on the obverse. (both types have the charter number printed
twice in black)