News

All about the ‘Benjamins:’ New $100 bills unveiled

All about the ‘Benjamins:’ New $100 bills unveiled

ALL ABOUT THE BENJAMINS: The Federal Reserve has shipped new $100 bills to banks across the country. Photo: Reuters

WASHINGTON (Reuters) – The Federal Reserve began supplying banks on Tuesday with redesigned $100 bills that incorporate advanced anti-counterfeiting features, the U.S. central bank said.

The notes, which retain the image of American statesman and scientist Benjamin Franklin, include two new security features – a blue three-dimensional security ribbon with images of bells and 100s, and a color-changing bell in an inkwell, the Fed said in a statement.

The bills, known as Benjamins, also keep security features from the previous design, such as a watermark.

“The new design incorporates security features that make it easier to authenticate, but harder to replicate,” said Federal Reserve Board Governor Jerome Powell said in a statement.

The security features will let users verify the notes’ authenticity more easily, he said.

U.S. officials have said the $100 note is the most frequently counterfeited denomination of U.S. currency outside the United States due to its broad circulation overseas. In the United States, the $20 bill is the most frequently counterfeited note.

Benjamins are the highest-denominated notes issued by the Federal Reserve, since the United States stopped issuing $500, $1,000 and $10,000 notes in 1969.

The new bills have been in development since 2003.

People with old bills do not need to trade them in for new ones since all designs of U.S. currency remain legal tender, the Fed said.

Local Headlines

in Local

Law Enforcement Reports

lawenforcement1240

Drug charges have been filed against two from Estherville...

in Local

Clay County Attorney Mike Houchins Passes

candlefuneral

Houchins died Sunday at the age of 55...

in Local

ILCDC Strategic Planning Public Meetings

ILCDCLogo2

ILCDC will host a pair of public focus groups Tuesday, May 5th, as part of its quadrennial strategic planning process...

in Local

New Program Offered At Iowa Lakes

broad

The program begins in the fall of 2015...

in Local

Sheldon Regional Events Center Discussed

sheldon

The most optimistic scenario would call for having the Events Center project out for bid by this Fall and constructed in 2016...