A NEWLY

RESTUDENTED $100 BILL

WENT INTO

CIRCULATION YESTERDAY.

THE NEW BULL IS INTENDED TO

BE

MORE DIFFICULT TO

COUNTERFIT.

JOINING US WITH MORE ABOUT THE

BILL AND THE SECURITY

FEATURES

IS DANIEL WHAT'SMAN OF THE

FEDERAL

RESERVE BANK OF CHICAGO.

MORE ON

WHY A

NEW BILL NEEDED TO

BE MADE.

HOW COME?

>> WHEN PEOPLE LOOK AT THE

CURRENCY, THEY WANT TO MAKE SURE

IT'S REAL.

THEY WANT CURRENCY IS THAT

IS

HARD TO COUNTERFIT.

THE OTHER DAY,

YESTERDAY, WE

INTRODUCED INTO

CIRCULATION A

NEW $100 BILL THAT WE THINK IS

EASIER TO USE.

BY USE, EASIER

TO

TELL

IT'S REAL

AND THAT IS HARDER

TO

COUNTERFIT.

>> REMIND PEOPLE WHAT THE OLD

ONE LOOKS LIKE.

WE HAVE AN IMAGE OF THE

OLD $100

BILL AND AS YOU LOOK AT

IT, WHAT

WAS WRONG WITH IT?

WHAT MADE IT

EASY TO COUNTERFIT

OR EASIER TO COUNTERFIT THAN

THE

CURRENT ONE?

>> THERE WAS NOTHING WRONG WITH

IT.

IT'S A GOOD BILL THAT HAS

SECURITY FEATURES AND YOU HAVE

TO REMEMBER THE COUNTERFITTING

IS NOT A BIG PROBLEM BUT W

E WANT

TO KEEP IT THAT

WAY.

SO WHAT WE'RE

DOING

IS BEING PRO

ACTIVE AND IMPLEMENTING AND

PUTTING NEW SECURITY FEATURES ON

THE BILL.

>> HERE WE HAVE A LOOK

AT WHAT

IT LOOKS

LIKE NOW AND

SOME OF

THE CHANGES ARE BIGGER

IMAGES OF

BEN FRANKLIN.

NOW

YOU BROUGHT IN

OR PROVIDED

US A

VIDEO, SHOWING THESE

SECURITY FEATURES.

AS WE SHOW THAT VIDEO,

TELL US

MORE ABOUT THOSE FEATURES.

>> SURE.

NOW THE FIRST THING RIGHT THERE

YOU'LL NOTICE A

BLUE RIBBON

RIGHT NEXT TO BELL

FRANKLIN'S

PORTRAIT SHOWING A LOT OF

MOVEMENT IN THAT RIBBON.

HERE IS

CALLED

A

BELL

INK WELL

AND THERE'S A BELL

THAT WILL

MOVE AND THE COLOR WILL

CHANGE.

YOU HOLD IT UP TO LIGHT AND

SEE

BEN

FRANKLIN'S PORTRAIT

IN A

SUBTLE PORTRAIT RIGHT THERE AND

THERE'S A SECURITY

THREAD.

NOW THAT'S

NOT NEW

BUT THAT'S

STILL IN THE BILL AND

THEN IF

YOU FLIP IT OVER, THERE'S

COLOR

SHIFTING INK.

SO YOU MOVE IT UP AND DOWN AND

THE COLOR OF THAT

INK WILL

SHIFT.

YOU'LL BE LOOKING FOR A LOT OF

MOVEMENT IN THAT BILL TO TELL

IT'S REAL.

THAT'S IMPORTANT.

>> AND ALL THOSE FEATURES, AS

YOU MENTIONED, MAKES

IT

DIFFICULT FOR SOMEBODY TO

REPRODUCE THEM?

>> ABSOLUTELY.

>> HOW DOES THIS CURE

RENCY,

THIS

NEW $900 BILL BE

DISTRIBUTING TO THE

PUBLIC?

>> RESERVE BANKS TAKES

ORDERS

FROM COMMERCIAL BANKS AND THEY

WILL ORDER THE

MONEY FROM US AND

WE WILL SEND IT

OUT TO

INDIVIDUAL

BANKS OR CREDIT

UNIONS, FINANCIAL INSTITUTIONS

AND THEN THEY WILL DISTRIBUTE IT

TO THE PUBLIC.

IF YOU'RE OUT THERE

AND YOU WANT

THIS --

>> LIKE A

WHOLESALER?

>> IN SOME WAYS WE ARE, THE

DISTRIBUTER OF

CURRENCY.

WE ORDER FROM

THE BUREAU OF

ENGRAVING AND PRINTING AND WE

CONTRIBUTE IT TO BANKS.

SO IF YOU'RE A MEMBER OF THE

PUBLIC AND WANT ONE OF THESE

BILLS, THE BEST THING TO DO

IS

CONTACT A FINANCIAL

INSTITUTION

YOU WORK WITH AND THEY WILL

TELL

YOU WHEN THEY'RE AVAILABLE.

>> WHAT HAPPENS TO THE OLD BILL?

>> THE OLD BILLS, WE ARE GOING

TO TAKE AND THEY WILL

NOT BE PUT

INTO

CIRCULATION ANY MORE

BUT

REMEMBER THAT OLD BILLS,

IF THEY

ARE -- IF ANYONE IN THE PUBLIC

WHO HAS AN OLD BILL BE THOSE ARE

STILL GOOD.

WE HAVE BEEN

ISSUING CURE

RESIDENCY SINCE 1914 AND

IT'S

ALL LEGAL TENDER.

JUST BECAUSE THERE

NEW $100

BILLS DOES NOT MEAN THE OLD

BILLS ARE

NOT STILL CURRENTLY

TENDERED.

>> I SHOULD HAVE

ASKED YOU

THIS,

BUT DO

YOU HAVE A

NEW IS HUNDRED

DOLLARS BILL UNTIL.

>> I DO.

THE FIRST THING THAT WILL JUMP

OUT

IS THAT STRIP

NEXT TO BEN

FRANKLIN'S FACE.

IF YOU MOVE

IT UP AND

DOWN,

YOU'LL SEE A

BELL AND

A

NUMERIC

MUN.

IT WILL SHIFT.

THAT'S HOW YOU'LL TELL THAT THAT

BILL IS REAL.

AND THEN THE OTHER NEW FEATURE

IS RIGHT DOWN HERE, A

BELL AND

IRNK, BEN FRANKLIN IS ONE OF THE

SIGNERS OF THE

DECLARATION OF

INDEPENDENCE, THERE'S AN

INK

WELL AND A SCROLL

AND

WHEN THAT

MOVES BACK AND FORTH, YOU'LL SEE

MOVEMENT ON THAT.

AND IF YOU SEE THAT

MOVEMENT,

YOU CAN BE REST

ASSURED YOUR

BILL IS GOOD.

>> EXCELLENT.

BY THE WAY, HOW

LONG DO THESE

$100 BILLS

LAST?

JUST KIDDING LAUGH

.

[LAUGHTER]

>> THEY LAST UP

TO 15

YEARS.

>> MY UNDERSTANDING THAT THE

$100 BILL IS

AMERICA'S MOST

INTERNATIONAL CURE RENCY.

AND

THAT MOST OF

THE $100 BILLS

THAT ARE PRODUCED

ACTUALLY

ARE

HELD

OVERSEAS.

IS THAT WHERE THE

COUNTERFITTING

CONCERN WAS

COMING FROM?

FOR EXAMPLE

REPORTS

THAT NORTH

KOREA HAS

ATTEMPTED TO

COUNTERIT

U.S. CURRENCY AND SO

FORTH?

>> IT IS

A

CONCERN,

COUNTERFITTING BEHAVIOR SEAS.

BUT IT'S NOT A BIG PROBLEM.

WE WANT TO KEEP IT THAT

WAY.

YOU HAVE REALIZE BETWEEN HALF

AND TWO-THIRD OF THE

CURRENCY IS

OVERSEAS.

AND ONE OF

THE

REASONS PEOPLE

WANT OUR CURE.

CURE RENCY

IS BECAUSE

THEY TRUST IT.

AND SO

THEY USE

OUR CURE RENCY.

CUR

RENCY.

BUT THAT'S ONE OF THE

REASONS

WE

CREATED COMMUNICATIONS MATERIALS

IN 25 DIFFERENT LANGUAGES SO

PEOPLE ALL

AROUND THE WORLD ARE

AWARE OF SOME

OF THE NEW

SECURITY FEATURES AND ARE

COMFORTABLE USING IT.

>> I

CAME ACROSS

A

RADIO REPORT

THAT IN SOME COUNTRIES, IT'S

NOT

JUST AMERICAN CURE RENCY THAT IS

VALUED BUT THE CONDITION OF THE

AMERICAN CURE

RENCY AND

SO CURE

CURRENCY IN PRISTINE CONDITION

IS MORE VALUED,

SAY, THAN

AMERICAN CURRENCY WITH A COUPLE

OF

WRINKLES.

>> I'VE HEARD THAT BEFORE, TOO.

WHAT PEOPLE HAVE TO

REALIZE IF

IT'S AMERICAN CURRENCY IS LEGAL

TENDER NO MATTER WHAT THE

CONDITION.

>> THEY COST -- I

READ 12.7

CENTSS TO PRODUCE EACH ONE OF

THESE.

IT SEEMS LIKE A LOT OF

TECHNOLOGY FOR

JUST

12-CENTS.

>> BUT

THERE'S 9 BILLION IN

CIRCULATION.

THAT'S WHY.

BUT THAT IS

A LITTLE MORE

EXPENSIVE THAN THE PREVIOUS ONE.

THE PREVIOUS ONES

WERE ABOUT 8

CELEBRITIES APIECE.

BUT WE THINK IT'S

WORTH THE

INVESTMENT.

>> ON THE PRINTED CURRENCY WE

HAVE WASHINGTON, EVER,

LINCOLN,

HALT, GRANT AND

FRANKLIN.

THE PROSPECT FOR A WOMAN'S

IMAGE

TO ONE DAY BE ON

PRINTED

CURRENCY?

>> I'M NOT SURE WHEN THAT WILL

HAPPEN.

>> YOU'RE NOT ON THAT

COMMITTEE?

>> NO.

>> THANK YOU SO MUCH

FOR

BRINGING IN THAT

SNAZZING $100

BILL.

YOU CAN VISIT OUR WEBSITE TO SEE