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5 Dollars International Banking Corporation
| Issuer | International Banking Corporation |
|---|---|
| Year | 1910 |
| Type | Standard circulation banknote |
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| Obverse description | The obverse is printed in green and red on a white ground, centred on an oval vignette of an American bald eagle perched upon two globes. The bank title 'INTERNATIONAL BANKING CORPORATION' appears in a bold banner across the top, below which a row of Chinese characters (美商北京花旗銀行) identifies the Peking branch. Elaborate guilloche rosettes in red and green underprint flank the central vignette, while the denomination numeral '5' repeats in ornamental cartouches at each corner, with the legend 'PROMISES TO PAY THE BEARER ON DEMAND' and the date '1ST JANUARY 1910' completing the face. |
|---|---|
| Obverse lettering | INTERNATIONAL BANKING CORPORATION / PEKING. / PROMISES TO PAY THE BEARER ON DEMAND / 1ST JANUARY 1910. / 美商北京花旗銀行 / FIVE 5 FIVE |
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The International Banking Corporation was an American-chartered institution incorporated in Connecticut in 1901, specifically to conduct foreign banking business — U.S. law at the time prohibited national banks from opening overseas branches, so the IBC operated as a workaround, establishing branches across Asia, Latin America, and the Middle East. This note was issued for use in one of those foreign offices, not in the United States itself.
The American Bank Note Company handled the security printing from its New York facilities, as it did for most IBC paper. Citibank's predecessor, the National City Bank of New York, acquired the IBC in 1915, absorbing its branch network entirely.