Fed says redesigned $100 bill ready by October, 2 years after ta - Los Angeles News | FOX 11 LA KTTV

Fed says redesigned $100 bill ready by October, 2 years after target date

Posted: Updated:
WASHINGTON, DC -

The Federal Reserve announced Wednesday that it will begin circulating a redesigned $100 bill this fall, more than two years after its initial target.

The Fed has set a new target date of Oct. 8. The redesigned note incorporates added security features, such as a blue, 3-D security ribbon and a disappearing Liberty Bell in an inkwell. The features are designed to thwart counterfeiters.

The revamped bill had been expected to go into circulation in February 2011. But in December 2010, officials announced an indefinite delay. They said they needed more time to fix production issues that left unwanted creases in many of the notes.

"We made numerous process changes to address the creasing issue and we are back in full production," said Dawn Haley, a spokeswoman for the Bureau of Engraving and Printing.

Haley said those changes included modifying the paper feeder on the printing presses to accommodate variations in the paper associated with the 3-D security ribbon. The blue security ribbon is composed of thousands of tiny lenses. Those lenses magnify the objects underneath them to make them appear to be moving in the opposite direction from the way the bill is being moved.

Benjamin Franklin portrait will remain on the $100 bill, the highest value denomination in general circulation. It is also the most frequent target of counterfeiters.

The $100 bill is the last note to undergo an extensive redesign aimed at thwarting counterfeiters with ever-more sophisticated copying machines. The redesigns began in 2003 when the government added splashes of color to the $20 bill. That makeover was followed by redesigns for the $50, $10 and $5 bills. The $1 bill isn't getting a makeover.

An extensive public education effort is planned for businesses and consumers around the world to raise awareness about the new design and provide information on how to use the new security features. Fed officials said information about the redesigned $100 can be found at www.newmoney.gov.

By MARTIN CRUTSINGER,AP Economics Writer

  • Viral StoriesMore>>

  • Family says 'no thanks' to cruise ship offer after boy's cancer cancels trip

    Family says 'no thanks' to cruise ship offer after boy's cancer cancels trip

    Thursday, July 31 2014 10:55 AM EDT2014-07-31 14:55:58 GMT
    The family of a 5-year-old boy forced to scrap their idyllic summer vacation after he was diagnosed with cancer, is saying “thanks, but no thanks” to a chance to re-book the trip after a cruise line had a change of heart. Citing the company’s cancellation policy, the parents of Nicolas Colucci said Norwegian Cruise Line had refused to accommodate them after they were forced to change plans for the June 1 $4,000 family-friendly cruise following their son’s cancer diagnosis on May 19. But...
    The family of a 5-year-old boy forced to scrap their idyllic summer vacation after he was diagnosed with cancer, is saying “thanks, but no thanks” to a chance to re-book the trip after a cruise line had a change of heart. Citing the company’s cancellation policy, the parents of Nicolas Colucci said Norwegian Cruise Line had refused to accommodate them after they were forced to change plans for the June 1 $4,000 family-friendly cruise following their son’s cancer diagnosis on May 19. But...
  • Cow herd kills German woman hiker in Austria

    Cow herd kills German woman hiker in Austria

    Tuesday, July 29 2014 12:24 PM EDT2014-07-29 16:24:40 GMT
    VIENNA (AP) -- Police say a herd of cows attacked and killed a German woman hiking through their fenced-in pasture after apparently being riled by the sight of her leashed dog. They said Tuesday the 45-year old victim was rushed by about 20 cows and their calves. Attempts by an emergency crew to revive her were unsuccessful. The attack occurred Monday on a mountain pasture in Austria's Tyrol province. The woman's name was not released, in accordance with Austrian confidentiality rules. © 201...
    VIENNA (AP) -- Police say a herd of cows attacked and killed a German woman hiking through their fenced-in pasture after apparently being riled by the sight of her leashed dog. They said Tuesday the 45-year old victim was rushed by about 20 cows and their calves. Attempts by an emergency crew to revive her were unsuccessful. The attack occurred Monday on a mountain pasture in Austria's Tyrol province. The woman's name was not released, in accordance with Austrian confidentiality rules. © 201...
  • New app helps teens calm anxiety

    New app helps teens calm anxiety

    Monday, July 28 2014 11:46 AM EDT2014-07-28 15:46:49 GMT
    Anxiety disorders affect one in eight teens. There are medications and therapies that can help alleviate symptoms, and now there’s even an app that can help. The MindShift app aims to teach young adults how to combat everyday anxiety, panic, conflict and worry. Teens can input their symptoms and the app will create a plan to help reduce stress. Created by two non-profit organizations, Anxiety BC and BC Mental Health and Addiction Services, the Mindshift app gives users the ability to ...
    Anxiety disorders affect one in eight teens. There are medications and therapies that can help alleviate symptoms, and now there’s even an app that can help. The MindShift app aims to teach young adults how to combat everyday anxiety, panic, conflict and worry. Teens can input their symptoms and the app will create a plan to help reduce stress. Created by two non-profit organizations, Anxiety BC and BC Mental Health and Addiction Services, the Mindshift app gives users the ability to ...
Powered by WorldNow

KTTV FOX 11
1999 S. Bundy Dr.
Los Angeles CA 90025

Main: (310) 584-2000
News Tips? (310) 584-2025

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices