WEBVTT

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A NEWLY

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 RESTUDENTED $100 BILL

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WENT INTO

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 CIRCULATION YESTERDAY.

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THE NEW BULL IS INTENDED TO

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 BE

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MORE DIFFICULT TO

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 COUNTERFIT.

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JOINING US WITH MORE ABOUT THE

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BILL AND THE SECURITY

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 FEATURES

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IS DANIEL WHAT'SMAN OF THE

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FEDERAL

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 RESERVE BANK OF CHICAGO.

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MORE ON

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 WHY A

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 NEW BILL NEEDED TO

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BE MADE.

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HOW COME?

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>> WHEN PEOPLE LOOK AT THE

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CURRENCY, THEY WANT TO MAKE SURE

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IT'S REAL.

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THEY WANT CURRENCY IS THAT

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 IS

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HARD TO COUNTERFIT.

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THE OTHER DAY,

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 YESTERDAY, WE

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INTRODUCED INTO

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 CIRCULATION A

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NEW $100 BILL THAT WE THINK IS

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EASIER TO USE.

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BY USE, EASIER

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 TO

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 TELL

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 IT'S REAL

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AND THAT IS HARDER

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 TO

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COUNTERFIT.

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>> REMIND PEOPLE WHAT THE OLD

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ONE LOOKS LIKE.

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WE HAVE AN IMAGE OF THE

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 OLD $100

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BILL AND AS YOU LOOK AT

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 IT, WHAT

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WAS WRONG WITH IT?

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WHAT MADE IT

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 EASY TO COUNTERFIT

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OR EASIER TO COUNTERFIT THAN

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 THE

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CURRENT ONE?

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>> THERE WAS NOTHING WRONG WITH

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IT.

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IT'S A GOOD BILL THAT HAS

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SECURITY FEATURES AND YOU HAVE

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TO REMEMBER THE COUNTERFITTING

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IS NOT A BIG PROBLEM BUT W

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E WANT

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TO KEEP IT THAT

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 WAY.

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SO WHAT WE'RE

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 DOING

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 IS BEING PRO

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ACTIVE AND IMPLEMENTING AND

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PUTTING NEW SECURITY FEATURES ON

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THE BILL.

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>> HERE WE HAVE A LOOK

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 AT WHAT

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IT LOOKS

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 LIKE NOW AND

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 SOME OF

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THE CHANGES ARE BIGGER

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 IMAGES OF

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BEN FRANKLIN.

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NOW

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 YOU BROUGHT IN

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 OR PROVIDED

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US A

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 VIDEO, SHOWING THESE

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SECURITY FEATURES.

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AS WE SHOW THAT VIDEO,

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 TELL US

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MORE ABOUT THOSE FEATURES.

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>> SURE.

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NOW THE FIRST THING RIGHT THERE

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YOU'LL NOTICE A

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 BLUE RIBBON

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RIGHT NEXT TO BELL

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 FRANKLIN'S

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PORTRAIT SHOWING A LOT OF

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MOVEMENT IN THAT RIBBON.

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HERE IS

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 CALLED

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 A

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 BELL

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 INK WELL

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AND THERE'S A BELL

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 THAT WILL

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MOVE AND THE COLOR WILL

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 CHANGE.

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YOU HOLD IT UP TO LIGHT AND

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 SEE

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BEN

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 FRANKLIN'S PORTRAIT

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 IN A

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SUBTLE PORTRAIT RIGHT THERE AND

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THERE'S A SECURITY

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 THREAD.

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NOW THAT'S

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 NOT NEW

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 BUT THAT'S

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STILL IN THE BILL AND

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 THEN IF

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YOU FLIP IT OVER, THERE'S

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 COLOR

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SHIFTING INK.

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SO YOU MOVE IT UP AND DOWN AND

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THE COLOR OF THAT

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 INK WILL

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SHIFT.

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YOU'LL BE LOOKING FOR A LOT OF

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MOVEMENT IN THAT BILL TO TELL

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IT'S REAL.

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THAT'S IMPORTANT.

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>> AND ALL THOSE FEATURES, AS

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YOU MENTIONED, MAKES

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 IT

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DIFFICULT FOR SOMEBODY TO

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REPRODUCE THEM?

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>> ABSOLUTELY.

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>> HOW DOES THIS CURE

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 RENCY,

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THIS

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 NEW $900 BILL BE

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DISTRIBUTING TO THE

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 PUBLIC?

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>> RESERVE BANKS TAKES

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 ORDERS

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FROM COMMERCIAL BANKS AND THEY

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WILL ORDER THE

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 MONEY FROM US AND

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WE WILL SEND IT

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 OUT TO

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INDIVIDUAL

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 BANKS OR CREDIT

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UNIONS, FINANCIAL INSTITUTIONS

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AND THEN THEY WILL DISTRIBUTE IT

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TO THE PUBLIC.

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IF YOU'RE OUT THERE

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 AND YOU WANT

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THIS --

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>> LIKE A

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 WHOLESALER?

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>> IN SOME WAYS WE ARE, THE

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DISTRIBUTER OF

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 CURRENCY.

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WE ORDER FROM

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 THE BUREAU OF

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ENGRAVING AND PRINTING AND WE

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CONTRIBUTE IT TO BANKS.

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SO IF YOU'RE A MEMBER OF THE

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PUBLIC AND WANT ONE OF THESE

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BILLS, THE BEST THING TO DO

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 IS

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CONTACT A FINANCIAL

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 INSTITUTION

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YOU WORK WITH AND THEY WILL

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 TELL

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YOU WHEN THEY'RE AVAILABLE.

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>> WHAT HAPPENS TO THE OLD BILL?

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>> THE OLD BILLS, WE ARE GOING

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TO TAKE AND THEY WILL

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 NOT BE PUT

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INTO

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 CIRCULATION ANY MORE

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 BUT

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REMEMBER THAT OLD BILLS,

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 IF THEY

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ARE -- IF ANYONE IN THE PUBLIC

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WHO HAS AN OLD BILL BE THOSE ARE

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STILL GOOD.

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WE HAVE BEEN

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 ISSUING CURE

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RESIDENCY SINCE 1914 AND

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 IT'S

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ALL LEGAL TENDER.

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JUST BECAUSE THERE

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 NEW $100

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BILLS DOES NOT MEAN THE OLD

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BILLS ARE

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 NOT STILL CURRENTLY

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TENDERED.

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>> I SHOULD HAVE

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 ASKED YOU

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 THIS,

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BUT DO

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 YOU HAVE A

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 NEW IS HUNDRED

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DOLLARS BILL UNTIL.

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>> I DO.

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THE FIRST THING THAT WILL JUMP

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OUT

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 IS THAT STRIP

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 NEXT TO BEN

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FRANKLIN'S FACE.

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IF YOU MOVE

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 IT UP AND

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 DOWN,

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YOU'LL SEE A

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 BELL AND

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 A

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 NUMERIC

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MUN.

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IT WILL SHIFT.

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THAT'S HOW YOU'LL TELL THAT THAT

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BILL IS REAL.

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AND THEN THE OTHER NEW FEATURE

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IS RIGHT DOWN HERE, A

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 BELL AND

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IRNK, BEN FRANKLIN IS ONE OF THE

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SIGNERS OF THE

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 DECLARATION OF

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INDEPENDENCE, THERE'S AN

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 INK

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WELL AND A SCROLL

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 AND

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 WHEN THAT

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MOVES BACK AND FORTH, YOU'LL SEE

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MOVEMENT ON THAT.

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AND IF YOU SEE THAT

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 MOVEMENT,

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YOU CAN BE REST

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 ASSURED YOUR

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BILL IS GOOD.

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>> EXCELLENT.

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BY THE WAY, HOW

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 LONG DO THESE

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$100 BILLS

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 LAST?

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JUST KIDDING LAUGH

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.

04:49.690 --> 04:50.123
[LAUGHTER]

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>> THEY LAST UP

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 TO 15

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 YEARS.

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>> MY UNDERSTANDING THAT THE

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$100 BILL IS

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 AMERICA'S MOST

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INTERNATIONAL CURE RENCY.

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AND

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 THAT MOST OF

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 THE $100 BILLS

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THAT ARE PRODUCED

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 ACTUALLY

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 ARE

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HELD

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 OVERSEAS.

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IS THAT WHERE THE

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 COUNTERFITTING

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CONCERN WAS

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 COMING FROM?

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FOR EXAMPLE

05:12.279 --> 05:12.779
 REPORTS

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 THAT NORTH

05:13.213 --> 05:14.581
KOREA HAS

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 ATTEMPTED TO

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 COUNTERIT

05:15.516 --> 05:16.917
U.S. CURRENCY AND SO

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 FORTH?

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>> IT IS

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 A

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 CONCERN,

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COUNTERFITTING BEHAVIOR SEAS.

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BUT IT'S NOT A BIG PROBLEM.

05:22.656 --> 05:23.757
WE WANT TO KEEP IT THAT

05:23.757 --> 05:24.424
 WAY.

05:24.424 --> 05:25.759
YOU HAVE REALIZE BETWEEN HALF

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AND TWO-THIRD OF THE

05:27.594 --> 05:28.262
 CURRENCY IS

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OVERSEAS.

05:29.530 --> 05:32.132
AND ONE OF

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 THE

05:32.699 --> 05:33.700
 REASONS PEOPLE

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WANT OUR CURE.

05:38.605 --> 05:39.740
CURE RENCY

05:39.740 --> 05:40.340
 IS BECAUSE

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THEY TRUST IT.

05:42.042 --> 05:42.609
AND SO

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 THEY USE

05:43.410 --> 05:46.880
 OUR CURE RENCY.

05:46.880 --> 05:46.980
 CUR

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RENCY.

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BUT THAT'S ONE OF THE

05:48.815 --> 05:49.249
 REASONS

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 WE

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CREATED COMMUNICATIONS MATERIALS

05:51.552 --> 05:52.753
IN 25 DIFFERENT LANGUAGES SO

05:52.753 --> 05:54.454
PEOPLE ALL

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 AROUND THE WORLD ARE

05:55.489 --> 05:56.523
AWARE OF SOME

05:56.523 --> 05:57.424
 OF THE NEW

05:57.424 --> 05:58.892
SECURITY FEATURES AND ARE

05:58.892 --> 06:00.727
COMFORTABLE USING IT.

06:00.727 --> 06:01.261
>> I

06:01.261 --> 06:03.297
 CAME ACROSS

06:03.297 --> 06:03.997
 A

06:03.997 --> 06:04.464
 RADIO REPORT

06:04.464 --> 06:05.699
THAT IN SOME COUNTRIES, IT'S

06:05.699 --> 06:06.166
 NOT

06:06.166 --> 06:07.601
JUST AMERICAN CURE RENCY THAT IS

06:07.601 --> 06:09.236
VALUED BUT THE CONDITION OF THE

06:09.236 --> 06:10.270
AMERICAN CURE

06:10.270 --> 06:11.071
 RENCY AND

06:11.071 --> 06:17.211
 SO CURE

06:17.211 --> 06:17.945
CURRENCY IN PRISTINE CONDITION

06:17.945 --> 06:19.479
IS MORE VALUED,

06:19.479 --> 06:20.113
 SAY, THAN

06:20.113 --> 06:21.548
AMERICAN CURRENCY WITH A COUPLE

06:21.548 --> 06:22.716
OF

06:22.716 --> 06:23.283
 WRINKLES.

06:23.283 --> 06:24.418
>> I'VE HEARD THAT BEFORE, TOO.

06:24.418 --> 06:25.686
WHAT PEOPLE HAVE TO

06:25.686 --> 06:26.420
 REALIZE IF

06:26.420 --> 06:28.222
IT'S AMERICAN CURRENCY IS LEGAL

06:28.222 --> 06:29.957
TENDER NO MATTER WHAT THE

06:29.957 --> 06:30.390
CONDITION.

06:30.390 --> 06:32.226
>> THEY COST -- I

06:32.226 --> 06:32.626
 READ 12.7

06:32.626 --> 06:33.961
CENTSS TO PRODUCE EACH ONE OF

06:33.961 --> 06:34.261
THESE.

06:34.261 --> 06:36.029
IT SEEMS LIKE A LOT OF

06:36.029 --> 06:37.231
TECHNOLOGY FOR

06:37.231 --> 06:38.332
 JUST

06:38.332 --> 06:40.501
 12-CENTS.

06:40.501 --> 06:41.201
>> BUT

06:41.201 --> 06:42.736
 THERE'S 9 BILLION IN

06:42.736 --> 06:43.136
CIRCULATION.

06:43.136 --> 06:43.570
THAT'S WHY.

06:43.570 --> 06:44.705
BUT THAT IS

06:44.705 --> 06:45.839
 A LITTLE MORE

06:45.839 --> 06:47.040
EXPENSIVE THAN THE PREVIOUS ONE.

06:47.040 --> 06:48.108
THE PREVIOUS ONES

06:48.108 --> 06:49.543
 WERE ABOUT 8

06:49.543 --> 06:50.210
CELEBRITIES APIECE.

06:50.210 --> 06:51.311
BUT WE THINK IT'S

06:51.311 --> 06:52.346
 WORTH THE

06:52.346 --> 06:52.813
INVESTMENT.

06:52.813 --> 06:54.448
>> ON THE PRINTED CURRENCY WE

06:54.448 --> 06:56.216
HAVE WASHINGTON, EVER,

06:56.216 --> 06:56.717
 LINCOLN,

06:56.717 --> 06:57.751
HALT, GRANT AND

06:57.751 --> 06:58.118
 FRANKLIN.

06:58.118 --> 06:59.319
THE PROSPECT FOR A WOMAN'S

06:59.319 --> 07:00.053
 IMAGE

07:00.053 --> 07:01.421
TO ONE DAY BE ON

07:01.421 --> 07:02.556
 PRINTED

07:02.556 --> 07:02.990
CURRENCY?

07:02.990 --> 07:06.293
>> I'M NOT SURE WHEN THAT WILL

07:06.293 --> 07:06.693
HAPPEN.

07:06.693 --> 07:07.961
>> YOU'RE NOT ON THAT

07:07.961 --> 07:08.996
 COMMITTEE?

07:08.996 --> 07:09.363
>> NO.

07:09.363 --> 07:10.531
>> THANK YOU SO MUCH

07:10.531 --> 07:11.865
 FOR

07:11.865 --> 07:12.733
BRINGING IN THAT

07:12.733 --> 07:13.333
 SNAZZING $100

07:13.333 --> 07:13.634
BILL.

07:13.634 --> 07:17.634
YOU CAN VISIT OUR WEBSITE TO SEE