2009 US Bank Notes

Thanks for the Info peiper1, it's odd that the only ones I can find in PA or anywhere in the US are $ 1.00's and $ 20.00's, yet
$ 10.00's are available in Canada and Germany.

At least now I know $ 10.00's have been printed and released, guess it's just a matter of time before they make there way back to the USA.
The Bill Collector

Familiarization with the Federal Reserve Act of 1913 and subsequent associated Acts and Amendments that have been tooled since the term of the 63rd Congress will provide answers as to why there is a shortage of some series and districts and a seemly overabundance of others.

Printing numbers (low print runs and other associated nonsense) have very little to do with what is available to the collector of current notes.

The deciding factor as to whether or not you will be able to find a 2009 Atlanta $50 note has absolutely nothing to do with how many were printed, or print runs, etc..... It is far more political than that.

A good many factors determine what is available including (but not limited to) inflation, unemployment, housing, private banking, foreign affairs, etc, etc, (but most of all our elected members of Congress and the Senate).

Those little district numbers and letters that are found on FRNs are not placed on these notes for decoration...... These 12 Federal Reserve Banks are not simple distribution centers for the treasury..... if this were the case, why would the numbers and letters be necessary to identify a note?

Prior to Federal Reserve Notes, there were things called National Bank Notes..... these were notes that were printed by the Federal Government (exactly as FRNs are today) but instead of 12 banks identified by letters and numbers, there were 14,320 National (private) banks chartered and each of these banks could circulate notes with their bank name and charter number on them.... These National Banks varied little from the Federal Reserve Banks of today, other than the fact that they were privately owned..... Each National Bank was a business, and prospered or suffered on its own merit..... The major difference between those banks and the Federal Reserve Banks was ownership.

The U.S. Government owns the Federal Reserve Banks...... As I said before though, these banks are not distribution centers for the treasury, but rather businesses that operate independently..... each of these 12 banks has the authority to conduct foreign transactions without prior approval of the treasury, however, the Federal Reserve Board (independent government agency) is still the controlling partner, and direction can be made at that level also.

If the Atlanta district decides to send its entire issue of 2009 $50 notes to Afghanistan (for instance, and for whatever reason), it is entitled to do so.

While nobody knows how many notes printed by the government over the years are still outstanding, estimates are between 65%-75% of the value of those outstanding notes (money considered to be in circulation) is held abroad.... less than 10% is held in the Federal Reserve Banks, and the paltry remainder actually circulates in the private sector of the USA..... these FRNs are obligations of the US government, and they are the IOUs that countries like China hold in great multitudes.

Oh pah-leeeze Bill.... I am 29, and have been looking at bank notes for a very short time.... I learn everything that I can about that which interests me.... that's all..... Folks would be surprised at how easily they learn when they build upon what they already know about seemingly unrelated subjects..... There are often relationships that are not readily obvious.

That would be contrary to all that I understand or have previously heard coinsearcher.

Guess I did it again,
Sorry Zee, I did not mean that you were "old". I meant that it must have taken you a very long time to gather all that Info. Maybe I said that wrong also but with all the Info you have and are so willing to share with us most would think that it would take about 50 years to gain that much Info, Never mind I'm going to shut up before I get myself into more trouble. Any way Thanks again.
Regards
The Bill Collector

Just as an update to this thread, I received my first series '09 $10 today, from the bank. Serial# JA 05595045 A.

Sadly, it's a little bit wrinkled, and looks to have been used in a few transactions, already. I will try to post a pic, later.

Since I collect small denoms (nothing over $10 face) I may set this aside for now, until a better one comes along, as I'd like to have a nice '09 $10 example. I already have a few very nice '09 $1's, one of which, is a star.

Anyway, just wanted to pass this along. The '09 $10's are out there!