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[ Music ]
>> Hello, my name is Michael Lambert
and I'm a Deputy Associate Director at the Board
of Governors of the Federal Reserve System.
Today I'm please to officially announce that on October 8,
2013 the Federal Reserve Board will issue the new designed 100
dollar note.
As the central bank of the United States,
the Federal Reserve along with our partners at the Department
of the Treasury, the Bureau of Engraving and Printing
and the United States Secret Service work to protect
and maintain confidence in Federal Reserve notes
by monitoring the counterfeiting threats
against each denomination and redesigning notes to stay ahead
of any emerging threats.
The new designed 100 dollar note, which is the result
of over a decade of research and development,
incorporates two new public security features designed
to make the note easier for users to authenticate
but more difficult for counterfeiters to replicate,
the blue, 3-D security ribbon and the bell in the inkwell,
both of which can be found on the front of the new note.
We've also retained some security features
that have proven to be effective in previous designs,
such as a portrait watermark and the embedded security thread.
The design for the new 100 dollar note was first unveiled
in 2010 but issuance was delayed until the bureau of Engraving
and Printing resolved unexpected production challenges.
With those challenges resolved and inventory sufficient
to meet domestic and international demand,
the Federal Reserve Board has decided
to begin issuing the new designed 100 dollar note
on October 8.
This means that financial institutions will begin
receiving the redesigned 100 dollar note on that date.
Of course distance, demand and the policy
of individual financial institutions will be the
deciding factor in how quickly new designed 100 dollar notes
reach the global public.
Please remember that it's not necessary to trade
in your older designed 100 dollar notes
when the new ones begin circulating.
All Federal Reserve notes remain legal tender regardless
of when they were issued.
If you're interested in learning more
about the redesigned 100 dollar note or would
like to download training materials
for your business please visit the U.S. currency education
programs informational website at, new money dot gov.