2007-02-09 02:00:25 · 6 answers · asked by ROHIT K 1 in Education & Reference ➔ Homework Help
On July 14, 1969, David M. Kennedy, the 60th Secretary of the Treasury, and officials at the Federal Reserve Board announced that they would immediately stop distributing currency in denominations of $500, $1,000, $5,000 and $10,000. Production of these denominations stopped during World War II. Their main purpose was for bank transfer payments. With the arrival of more secure transfer technologies, however, they were no longer needed for that purpose. While these notes are legal tender and may still be found in circulation today, the Federal Reserve Banks remove them from circulation and destroy them as they are received.
The largest denomination of currency ever printed by the Bureau of Engraving and Printing (BEP) was the $100,000 Series 1934 Gold Certificate featuring the portrait of President Wilson. These notes were printed from December 18, 1934 through January 9, 1935 and were issued by the Treasurer of the United States to Federal Reserve Banks only against an equal amount of gold bullion held by the Treasury Department. The notes were used only for official transactions between Federal Reserve Banks
and were not circulated among the general public.
2007-02-09 02:05:03 · answer #1 · answered by Anonymous · 0⤊ 1⤋
$100. From the link given below: The present denominations of our currency in production are $1, $2, 5$, $10, $20, $50 and $100. The purpose of the United States currency system is to serve the needs of the public and these denominations meet that goal. Neither the Department of the Treasury nor the Federal Reserve System has any plans to change the denominations in use today.
2016-05-24 00:56:50 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The highest U.S. denomination ever printed was the gold certificate of $100,000 with Wilson's image printed in 1934.
The highest current denomination is $100 with Franklin's picture.
The following bills have not been in print since 1946: $500 (William McKinley); $1,000 (Grover Cleveland); $5,000 (James Madison); and $10,000 (Salmon P. Chase, former Treasury Secretary).
2007-02-09 02:06:56 · answer #3 · answered by Lilystar 2 · 1⤊ 0⤋
The $100,000 bill was the largest bill produced. It was never in "general" circulation, but merely for transfers between the federal reserve banks.
currently the largest bill produced and in circulation is $100.
2007-02-09 02:06:41 · answer #4 · answered by Grover 3 · 1⤊ 0⤋
$10,000.00 is the highest I have seen.
2007-02-09 02:09:32 · answer #5 · answered by jimmymae2000 7 · 0⤊ 1⤋
isn't it a $1,000 bill?
2007-02-09 02:02:54 · answer #6 · answered by KMB 3 · 0⤊ 1⤋