Q: When will the new $100 note be available?
A: The new $100 note began circulating on October 8, 2013. Any commercial bank, savings and loan, or credit union that orders $100 notes from the Federal Reserve will have its order filled with the new design. Distance, demand, and the policies of individual financial institutions will be the deciding factors in how quickly redesigned $100 notes reach the public, both in the U.S. and in international markets. To learn more about the redesigned $100 note, visit newmoney.gov.
Q: Do I have to trade in my old-design notes when a new design begins circulating?
A: No. It is U.S. government policy that all designs of U.S. currency remain legal tender, regardless of when they were issued. This policy includes all denominations of Federal Reserve notes, from 1914 to the present.
Q: Where can I redeem mutilated currency?
A: Mutilated currency can be redeemed either by mail or in person at the Treasury Department’s Bureau of Engraving and Printing (BEP). Call the BEP’s toll-free number, (866) 575-2361, or visit the BEP website to obtain information on shipping instructions for mutilated currency, and to see photographic examples.
Q: How realistically is the Federal Reserve portrayed in TV dramas and movies where characters conspire to steal money?
A: That’s just plain entertainment—and fiction. The operations at the Federal Reserve have many safeguards designed to protect it from theft. Processes and access to cash are tightly controlled, monitored, and audited. So enjoy the shows, but rest assured that what’s depicted is the imagination of a really good author.
Q: How do I find a job with the Federal Reserve?
A: If you’re interested in career opportunities, visit the Work for Us page to learn more about careers with the 12th District Federal Reserve Bank.