News

All about the ‘Benjamins:’ New $100 bills unveiled

All about the ‘Benjamins:’ New $100 bills unveiled

ALL ABOUT THE BENJAMINS: The Federal Reserve has shipped new $100 bills to banks across the country. Photo: Reuters

WASHINGTON (Reuters) – The Federal Reserve began supplying banks on Tuesday with redesigned $100 bills that incorporate advanced anti-counterfeiting features, the U.S. central bank said.

The notes, which retain the image of American statesman and scientist Benjamin Franklin, include two new security features – a blue three-dimensional security ribbon with images of bells and 100s, and a color-changing bell in an inkwell, the Fed said in a statement.

The bills, known as Benjamins, also keep security features from the previous design, such as a watermark.

“The new design incorporates security features that make it easier to authenticate, but harder to replicate,” said Federal Reserve Board Governor Jerome Powell said in a statement.

The security features will let users verify the notes’ authenticity more easily, he said.

U.S. officials have said the $100 note is the most frequently counterfeited denomination of U.S. currency outside the United States due to its broad circulation overseas. In the United States, the $20 bill is the most frequently counterfeited note.

Benjamins are the highest-denominated notes issued by the Federal Reserve, since the United States stopped issuing $500, $1,000 and $10,000 notes in 1969.

The new bills have been in development since 2003.

People with old bills do not need to trade them in for new ones since all designs of U.S. currency remain legal tender, the Fed said.

Recent Headlines

in Entertainment

Today in entertainment history: July 30

Fresh
elvis

The Hollywood headlines that made history.

in Local Sports

Iwakuma, Mariners down Indians

Seattle Mariners starting pitcher Hisashi Iwakuma throws during the first inning of a baseball game against the Kansas City Royals, Friday, June 20, 2014, in Kansas City, Mo.

Hisashi Iwakuma kept his road record spotless since last July, pitching seven strong innings to lead the Seattle Mariners to a 5-2 win over the Cleveland Indians on Tuesday night.

in Local Sports

Sims scores 21 to lead Shock past Storm

seattle storm logo

Odyssey Sims scored 21 points, Glory Johnson had 19 points and 13 rebounds, and the Tulsa Shock beat the Seattle Storm 80-74 Tuesday night.

in Local Sports

UW football will have three open practices during Fall Camp

Washington head coach Chris Petersen takes questions at the 2014 Pac-12 NCAA college football media days at Paramount Studios in Los Angeles Thursday, July 24, 2014.

The University of Washington football team will have three practices open to the public during its Fall Camp, which runs from Sunday, August 3 through Saturday, August 16.

in Local Sports

Montana State Billings To Host 2015 GNAC Basketball Championships

GNAC logo

The women’s championship begins Wednesday, March 4th, the men start March 5th. Semifinals for both tournaments will be played on Friday, March 6th with the two championships games set for Saturday, March 7th.