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5 Dollars Federal Reserve Note, small portrait
| Issuer | Federal Reserve Bank of the United States |
|---|---|
| Year | 1928-1934 |
| Type | Standard circulation banknote |
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|---|---|
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| Reverse description | The central vignette presents an engraved view of the Lincoln Memorial in Washington D.C., rendered in fine intaglio detail against a guilloche-patterned underprint. The denomination FIVE DOLLARS appears in large numerals at both sides, with THE UNITED STATES OF AMERICA arching across the upper portion of the note. |
| Reverse lettering | THE UNITED STATES OF AMERICA LINCOLN MEMORIAL FIVE DOLLARS |
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| Comments |
The "small portrait" designation distinguishes this from the oversized notes that preceded it — the 1928 series marked the United States' switch to reduced-format currency, a change driven largely by the Treasury's desire to cut production costs during a period of massive circulation volume. The transition was the first resizing of American paper money since the Civil War era.
Notes from the 1928–1934 window span multiple suffix letters (A through D) and carry different Federal Reserve district signatures, making the run considerably more varied than it first appears. The 1934A issues, printed against the backdrop of New Deal banking reforms, reflect a Federal Reserve system that had been substantially restructured by the Banking Act of that year.