5 Dollars International Banking Corporation

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.