May 19, 1998
Contact: Calvin Naito
Phone: (213) 683-2902
Pager: (213) 600-0216
Federal Reserve Officials to Unveil New $20 Bill Design
U.S. Secret Service to describe anti-counterfeiting features to be
built into re-designed currency.
LAUSD to be handed 670 copies -- one for every school in the district
-- of innovative currency authentication CD-ROM.
| EVENT: |
The Los Angeles Branch of the Federal Reserve Bank of San Francisco
(San Francisco Fed) will unveil the new
$20 bill design and launch an anti-counterfeiting public awareness
campaign for the first re-designed note that most people will use
on a daily basis. The U.S. government is re-designing its currency
notes and adding new security features to thwart increasingly sophisticated
high-tech counterfeiters. The U.S. Secret Service will describe
the new anti-counterfeiting features to be built into the $20 bills,
currently the most frequently counterfeited note and the bill most
commonly dispensed from automated teller machines (ATMs). As part
of the public awareness campaign, the San Francisco Fed's L.A. Branch
will hand an L.A. Unified School District (LAUSD) official 670 copies
-- one copy for every school in the district -- of an educational
currency authentication CD-ROM. The aims in donating the CD-ROMs
are to educate students about the new currency and enable them to
pass on their anti-counterfeiting knowledge to their parents and
others. The innovative CD-ROM was conceived and designed by the
San Francisco Fed's L.A. office.
Event visuals include huge poster boards of the re-designed bill,
samples of the new bills, the 670 CD-ROMs stacked in tall piles
on a table, and students and attendees playing with the CD-ROMs
at several computers set-up in the event room.
|
| WHEN: |
Wednesday, May 20, 1998, 10:00 a.m. |
| WHERE: |
Branch Conference Center, Los Angeles Branch, Federal Reserve Bank
of San Francisco, 950 S. Grand Avenue, Los Angeles. This is a high
security facility. Media are advised to arrive early since clearance
procedures may slow their entry. |
| WHO: |
Mark Mullinix, branch manager, San Francisco Fed's L.A. Branch;
Charles Ortman, assistant special agent in charge, L.A. office, U.S.
Secret Service; Dan Austin, assistant superintendent and chief of
staff to Superintendent Ruben Zacarias, LAUSD; Tom Labonge, special
assistant to L.A. Mayor Richard Riordan; Harrison Kim, president,
Korean Chamber of Commerce; representatives from financial institutions,
other businesses, community based organizations, students, and other
groups. |
| NOTE: |
The San Francisco Fed Los Angeles Branch's zone includes the southern
third of California, southern Nevada, and all of Arizona. |
|