Why do $1 bills have dfrnt fed reserv banks, like dallas TX, atlanta GA and san fransisco CA listed?its on the left hand side of the portrait of washington, it has a letter in the middle of a dark circle and the top of the circle says fed reserve bank of and on the bottom ive seen dallas, tx, san fransisco, ca, and atlanta, ga. | |
When those bills were printed they were shipped to different Federal Reserve Banks for issuance to banks and to the general public. The mark you're looking at tells which Federal Reserve Bank first issued the bill.
Because the Federal Reserve likes to spread the action in having them printed. These are the major Fed banking regions.
Did you know that the Federal Reserve is not a government agency. It is a private endeavor composed of private banks, which dictate the public financial policy.
