Jan

6

US Federal Reserve Notes

Filed Under Finance & Investments, History of Finance in US | Leave a Comment


The currency created by the Federal Reserve Act established in the year 1913 in US was known as Federal Reserve notes. This resulted in the birth of the Federal Reserve System in US. A Central Bank was not a possible case. The system consisted of twelve Federal Reserve banks and was a decentralized system. The names of the banks were present on the Federal Reserve notes and there was the characteristic number or letter representing the banks. This represented the economic development and the distribution of population in US till 1914. After this, there was no major modification occurred to the Federal Reserve notes.

Dec

25

US treasury securities for public

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US treasury offers security facilities for the public to save for their future. These investments are a way of building up a bright future with the support of the treasury department of US. There are various modes in which securities are available in US treasuries. Treasury notes, bills and TIPS are some of the common securities.

The government securities available for a short term and maturity for 52 weeks are known as treasury bills. They are generally sold for a discount value. The treasury notes are issued for a lengthier period ranging from 2 to 10 years with interest paid for every six months. The treasury bonds will be having an interest paid for six months and are bonds for thirty years.