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1 Franc - State Loan Bank reserve banknote
| Issuer | Swiss Confederation |
|---|---|
| Year | 1938 |
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| Reference(s) | P#40 |
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|---|---|
| Obverse lettering | SCHWEIZERISCHE EIDGENOSSENSCHAFT CONFÉDÉRATION SUISSE CONFEDERAZIONE SVIZZERA EIN FRANKEN UN FRANC UN FRANCO 1 BUNDESRATSBESCHLUSS VOM 27. MAI 1938 ARRÊTÉ DU CONSEIL FÉDÉRAL DU 27 MAI 1938 DECRETO DEL CONSIGLIO FEDERALE DEL 27 MAGGIO 1938 ORELL FÜSSLI, ZÜRICH |
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| Reverse lettering | 1 FRANKEN • FRANCO • FRANC |
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| Comments |
Switzerland printed this series in 1938 as a wartime contingency reserve — these notes were never intended for ordinary circulation but were stockpiled against the possibility that the Swiss National Bank's regular issue could be disrupted or exhausted under mobilization conditions. The State Loan Bank (Darlehenskasse) series had a direct precedent in the emergency franc notes issued during the First World War, and the authorities clearly remembered that lesson.
Orell Füssli had been the SNB's trusted security printer for decades by this point, and the in-country production was deliberate — no dependency on foreign presses in a crisis. Most of the print run was never released.