11. This was the first time the one-dollar bill was printed as a Federal Reserve Note . 12. Federal reserve accounts contain federal reserve credit, which can be converted into federal reserve notes . 13. Both Federal Reserve Deposits and Federal Reserve Notes are recorded as liabilities to the Fed. 14. Congress has exercised that power by authorizing Federal Reserve Banks to issue Federal Reserve Notes . 15. The Federal Reserve Note is the only type that remains in circulation since the 1970s. 16. Shown here is a $ 20 Federal Reserve Note , of which 11, 246, 000 were printed. 17. Shown here is a $ 5 Federal Reserve Note , of which 9, 416, 000 were printed. 18. Shown here is a $ 10 Federal Reserve Note , of which 10, 424, 000 were printed. 19. Federal Reserve Notes were created as part of the legislation to provide a supply of currency.20. Say a bank would like to trade 50k of Federal Reserve Deposits for Federal Reserve Notes .
