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Why Would A Federal Reserve Bank Issue An Nbn?

 
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 Posted 07/12/2022  8:16 pm Show Profile   Bookmark this topic Add Arkie to your friends list Get a Link to this Message
Was visiting the LCS and they had a $50 brown seal series of 1929 National Bank Note issued by the Federal Reserve Bank of Kansas City. Since Federal Reserve Notes date back to 1914, why would a Federal Reserve Bank issue a National Bank Note instead of a Federal Reserve Note?
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United States
71521 Posts
 Posted 07/12/2022  8:26 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
The FRBN notes of 1929 were thought to be an emergency need at the time, and were printed for efficiency on existing, slightly modified, blank National Bank Note stocks to avoid the time delay in designing a new note. Turned out they were not needed at the time and were not released until 1933.
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United States
2513 Posts
 Posted 07/12/2022  10:14 pm  Show Profile   Bookmark this reply Add Arkie to your friends list Get a Link to this Reply
Thank you. Do you know of anything I could read about this?
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