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100 Dollars Federal Reserve Bank Note, Brown Seal
| Issuer | Federal Reserve Bank of Chicago |
|---|---|
| Year | 1929 |
| Type | Log in to see details |
| Value | 100 Dollars (100 USD) |
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| Obverse description | Central intaglio vignette of Benjamin Franklin in three-quarter portrait, framed by fine guilloche borders. The issuing bank title — Federal Reserve Bank of Chicago, Illinois — appears in large letterpress text to the left, with district letter G and a brown Treasury seal to the right. Two facsimile signatures of the Assistant Deputy Governor and Governor appear at lower left and lower right respectively, below the serial number in brown ink. |
|---|---|
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| Variants | P#399B - B - New York NY P#399D - D - Cleveland OH P#399E - E - Richmond VA P#399G - G - Chicago IL P#399I - I - Minneapolis MN P#399J - J - Kansas City MO P#399K - K - Dallas TX |
| Comments |
The Federal Reserve Bank Notes of 1929 were a deliberate structural change, not an emergency measure. When the U.S. reduced its currency to the now-familiar small format that year, it simultaneously issued two parallel series — Federal Reserve Notes with green seals, and these Federal Reserve Bank Notes with brown seals. The FRBN series was backed by U.S. government bonds held by each issuing bank, making Chicago's obligation legally distinct from Washington's, even though both came off the same BEP presses.
The brown seal series was discontinued after 1933, replaced entirely by the green-seal Federal Reserve Note structure. The Chicago district issued across all denominations, but high-value notes in this series survived in smaller numbers — $100 examples see meaningful collector demand precisely because few had reason to hoard a $100 bill during the early Depression.