20 Dollars Small-Size National Bank Note

Saltsburg is a small borough in Indiana County with a population that never exceeded a few thousand, and The First National Bank there was typical of the thousands of small-unit national banks that participated in the 1929 small-size note program during its final years before the National Bank Note era closed entirely in 1935. What distinguishes any note from a minor issuer like this one is purely arithmetic: low charter numbers meant small authorized circulation limits, and small towns meant low demand. Surviving examples from minor Pennsylvania borough banks are disproportionately scarce relative to their nominal issue figures.

Fr. 1802 denotes the Type 1 variety, with the bank's charter number printed twice on the face in large brown numerals.