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1 Dollar Large-Size Federal Reserve Bank Note
| Issuer | Federal Reserve Bank of New York |
|---|---|
| Year | 1918 |
| Type | Log in to see details |
| Value | 1 Dollar (1 USD) |
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| Composition | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
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| Obverse description | Intaglio-printed large-size note in black with a blue Federal Reserve Bank seal at right, bearing the district designation B-2 for New York. A left-facing portrait vignette of George Washington occupies the left field, framed by ornate guilloche borders with numeral "1" counters at each corner. The central legend reads "THE FEDERAL RESERVE BANK OF NEW YORK" above the bearer demand clause, with two pairs of manuscript signatures — those of the Register of the Treasury and Treasurer of the United States above, and the Bank Cashier and Governor below — flanking the blue serial number. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | Log in to see details |
| Signature(s) | Teehee & Burke and Hendricks & Strong Teehee & Burke and Sailer & Strong Teehee & Burke and Hendricks & Miller Teehee & Burke and Sailer & Miller |
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| Comments |
The 1918 Federal Reserve Bank Notes were issued under emergency authority granted by the Federal Reserve Act as a way to get small-denomination paper currency into circulation quickly — at the time, the $1 Silver Certificate was doing most of that work, and the Fed needed its own instrument at the low end. New York was one of twelve issuing banks in this series, each printing notes with its own district officers' signatures alongside the Register and Treasurer of the United States, which is why the same Pick number produces so many distinct signature combinations.
The four signature pairings for New York reflect staff turnover at the bank itself — Hendricks replaced by Sailer as Cashier, Strong replaced by Miller as Governor — making this a rare case where local administrative changes are directly legible in the paper record. The Strong-to-Miller transition at New York is the more historically significant of the two: Benjamin Strong's tenure shaped early Fed policy considerably, and his name dropping off these notes coincided with a broader institutional shift.