Academic journal article Federal Reserve Bulletin

D.C. Debut of Newly Redesigned $20 Bill at L'Enfant Plaza Post Office

Academic journal article Federal Reserve Bulletin

D.C. Debut of Newly Redesigned $20 Bill at L'Enfant Plaza Post Office

Article excerpt

U.S. government officials introduced the newly redesigned $20 note into the community on October 9, 2003, at the L'Enfant Plaza Post Office in Washington, D.C., marking the first opportunity for the public to spend the new currency in the Washington area. James Brent, the chief of the office of currency production in the U.S. Treasury Department's Bureau of Engraving and Printing, joined Michael Lambert, financial services manager of the Federal Reserve Board, to mark this historic milestone.

In Washington, the first expenditure with the new $20 bill was the purchase of stamps from the stamp vending machines at the Post Office. The U.S. Postal Service has had to prepare its machines as well as its employees to ensure acceptance of the new money.

"After months of seeing them roll off of the presses, I am honored to spend the first new $20 bill in my hometown of Washington, D.C.," said Brent, who is responsible for the day-to-day operations of currency production at the Bureau's Washington, D.C., facility. "The Bureau of Engraving and Printing is tremendously proud of The New Color of Money, and I am proud to have helped in the creation of the safest, smartest, and most secure note the U.S. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.