Fed says redesigned $100 bill ready by October, 2 years after ta - New York News

Fed says redesigned $100 bill ready by October, 2 years after target date

Posted: Updated:
WASHINGTON, DC -

The Federal Reserve announced Wednesday that it will begin circulating a redesigned $100 bill this fall, more than two years after its initial target.

The Fed has set a new target date of Oct. 8. The redesigned note incorporates added security features, such as a blue, 3-D security ribbon and a disappearing Liberty Bell in an inkwell. The features are designed to thwart counterfeiters.

The revamped bill had been expected to go into circulation in February 2011. But in December 2010, officials announced an indefinite delay. They said they needed more time to fix production issues that left unwanted creases in many of the notes.

"We made numerous process changes to address the creasing issue and we are back in full production," said Dawn Haley, a spokeswoman for the Bureau of Engraving and Printing.

Haley said those changes included modifying the paper feeder on the printing presses to accommodate variations in the paper associated with the 3-D security ribbon. The blue security ribbon is composed of thousands of tiny lenses. Those lenses magnify the objects underneath them to make them appear to be moving in the opposite direction from the way the bill is being moved.

Benjamin Franklin portrait will remain on the $100 bill, the highest value denomination in general circulation. It is also the most frequent target of counterfeiters.

The $100 bill is the last note to undergo an extensive redesign aimed at thwarting counterfeiters with ever-more sophisticated copying machines. The redesigns began in 2003 when the government added splashes of color to the $20 bill. That makeover was followed by redesigns for the $50, $10 and $5 bills. The $1 bill isn't getting a makeover.

An extensive public education effort is planned for businesses and consumers around the world to raise awareness about the new design and provide information on how to use the new security features. Fed officials said information about the redesigned $100 can be found at www.newmoney.gov.

By MARTIN CRUTSINGER,AP Economics Writer

  • Viral StoriesMore>>

  • Oklahoma policeman accused of sex assaults on duty

    Oklahoma policeman accused of sex assaults on duty

    Friday, August 22 2014 11:36 AM EDT2014-08-22 15:36:23 GMT
    An Oklahoma City police officer was arrested Thursday and is being held in lieu of $5 million bond after being accused of committing a series of sexual assaults against at least six women while on duty.
    An Oklahoma City police officer was arrested Thursday and is being held in lieu of $5 million bond after being accused of committing a series of sexual assaults against at least six women while on duty.
  • VIDEO: Beluga whale teases kids at aquarium

    VIDEO: Beluga whale teases kids at aquarium

    Friday, August 22 2014 8:33 AM EDT2014-08-22 12:33:53 GMT
    Video of a beluga whale teasing children at a zoo has gone viral. You can see Juno snapping his jaws at three young children at the Mystic Aquarium in Connecticut.
    Video of a beluga whale teasing children at a zoo has gone viral. You can see Juno snapping his jaws at three young children at the Mystic Aquarium in Connecticut.
  • Mail carrier says she was assaulted over missing mail, but DC police tell different story

    Mail carrier says she was assaulted over missing mail, but DC police tell different story

    Thursday, August 21 2014 9:52 AM EDT2014-08-21 13:52:12 GMT
    A U.S. Postal Worker says she was assaulted by two women in a dispute over missing mail, but D.C. police tell a different story. They say she was the aggressor and the suspect instead, and that she may have called friends for help before officers arrived.
    A U.S. Postal Worker says she was assaulted by two women in a dispute over missing mail, but D.C. police tell a different story. They say she was the aggressor and the suspect instead, and that she may have called friends for help before officers arrived.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices