On March 6th, the nation’s 18,000 banks were ordered closed for a bank holiday. For seven days people struggled without access to the cash in their accounts. While deposits were still accepted, withdrawals were denied. Before the banks could reopen, government officials had to decide which ones were financially sound, and what would be used for money if panicked depositors showed up to pull out their savings. As a workable solution, the BEP modified existing stocks of series 1929 National Bank Notes. Government titles on the notes were blocked out and then overprinted with the names of Federal Reserve Bank officials and facsimile signatures. In short order, the emergency notes arrived at banks that had deposit insurance.
Today, one of these 5 emergency notes that played a pivotal part in FDR’s history-making decisions can be yours!
Product Information
| Category | Vintage & collectibles > Collectible Paper Money > Collectible US Paper Money |
|---|---|
| Brand | Rare |
| Condition | Like new |
