![]() ![]() ![]() During the next century, the legislation governing these notes was modified many times and numerous versions were issued by the Treasury. Treasury to pay expenses incurred by the Union during the American Civil War. They were originally issued directly into circulation by the U.S. This note is a legal tender at its face value for all debts public and private ![]() This Note is a Legal Tender for all debts public and private except Duties on Imports and Interest on the Public Debt and is receivable in payment of all loans made to the United States.īy the 1930s, this obligation would eventually be shortened to: During the early 1860s the so-called second obligation on the reverse of the notes stated: Often termed Legal Tender Notes, they were named United States Notes by the First Legal Tender Act, which authorized them as a form of fiat currency. They were known popularly as " greenbacks", a name inherited from the earlier greenbacks, the Demand Notes, that they replaced in 1862. Having been current for 109 years, they were issued for longer than any other form of U.S. Send us feedback about these examples.Large-sized Series of 1880 United States Notes the $20 note displays Alexander Hamilton and a red scalloped Treasury seal, and the $10 note displays Daniel Webster and a large red spiked Treasury seal.Ī United States Note, also known as a Legal Tender Note, is a type of paper money that was issued from 1862 to 1971 in the U.S. ![]() These examples are programmatically compiled from various online sources to illustrate current usage of the word 'bank.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. 2023 For instance, First Republic Bank was wobbling for weeks before it was seized early Monday by regulators, who then accepted a bid from banking giant JPMorgan Chase for almost all of its assets. 2023 Fed officials have also banked on supply chain issues being solved over time to increase the supply of goods, cooling prices in that part of the economy as well. 2023 And yet, Tariq says, no one is banking on law enforcement to step in. 2023 The dairy industry isn’t banking on nostalgia to save the day. Etan Vlessing, The Hollywood Reporter, 18 Apr. market, in the U.K, Australia, Germany, Denmark and, in all, 26 global markets. 2023 Peacock will be banking on a tried and true format that has made Love Island a ratings success beyond the U.S. Aimee Picchi, CBS News, And according to Deft Research’s 2022 Medicare Digital Tools Study (membership required), more seniors are spending time online to manage their lives, with 75% actively banking online and more than half buying clothing, compared to 72% and 45% in 2021, respectively. Laura Paddison, CNN, First Republic Bank was teetering for weeks before it was seized early Monday by regulators, who then accepted a bid from banking giant JPMorgan Chase to acquire almost all of its assets. Verb The world is banking on giant carbon-sucking fans to clean our climate mess. David Fear, Rolling Stone, Comer released a 36-page memo on Wednesday, noting his committee had subpoenaed four banks and received thousands of records. Joel Umanzor, San Francisco Chronicle, Two banks in Texas have been robbed in both cases, the culprits have only taken a single safe-deposit box. Valerie Gonzalez,, San Francisco police arrested a man suspected of robbing nine banks in six days, according to authorities. Catherine Porter James Hill, New York Times, On Thursday, about 400 migrants huddled in strong winds whipping up the sand on the bank of the Rio Grande east of El Paso as groups of Texas National Guard soldiers constructed concertina wire barriers. Jacob Silverman, The New Republic, During huge rainstorms, 40 portholes dotting the river’s paved banks gush with sewage. Carol Robinson | al, The New York Department of Financial Services claimed, however, that the takeover of the bank had little to do with its crypto business and more to do with its shaky balance sheet. Krystal Hur, CNN, The suspect fled the bank with an undetermined amount of money. Noun But the turmoil has largely been contained to regional banks, and both financial and economic leaders have maintained that the banking sector remains stable. ![]()
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