The new 20 dollar bill

98-CU-18 / September 1998
The new 20 dollar bill
To
All Credit Unions
Subject
Currency
Status
Active
To
All Credit Unions
Subj
The new 20 dollar bill

On September 24th, the U.S. Government will begin issuing a new $20 bill. The redesigned $20 notes include both familiar and new features that make the new currency easier to identify as genuine and more secure against counterfeiting.

All credit unions have a real interest in preparing members and employees for the new bills. Such a significant number of $20 bills are handled by credit union members and employees, that it is important for us to take the necessary steps to arm them with the knowledge they need to prevent the passing of counterfeit bills.

We urge all credit union officials to prepare their employees and members for the new $20’s. The U.S. Treasury Department and Federal Reserve System have developed a series of materials that introduce the new features and provide instructions to determine if the bills are genuine. Among the training materials are:

  • color posters (for display in lobby and employee areas; includes a diagram detailing the new bill’s security features)
  • brochures (for distribution to employees and members)
  • tent card (for display on desks and counter tops)

There are a number of other items listed on the enclosed order form that are available to you free of charge. We encourage you to take advantage of this resource and use these materials to educate your employees and your members.

The U.S. Secret Service is tracking a dramatic increase around the nation in counterfeiting using a new generation of inexpensive and widely available computer printers, scanners and color copiers. Educating credit union employees and members can smooth the transition to the new currency, deter the passing of forged bills and prevent serious losses for everyone. Thank you for your help with this nation-wide initiative.

Attached is a copy of the “New Designs For Your Money” by the Department of Treasury and an order form for educational materials.

Sincerely,

/S/

Norman E. D’Amours

Chairman