The Treasury was in charge of creating coins and paper currency; its Bureau...
Citations (1)
- All the Presidents' Bankers: The Hidden Alliances That Drive American Power whole source · open book
The Treasury was in charge of creating coins and paper currency; its Bureau of Engraving and Printing had been producing all currency for the US government, including silver and gold certificates, since 1877.19 A central bank would add another dimension to the US banking system. (On October 28, 1914, the bureau began printing paper Federal Reserve notes, as instructed by Federal Reserve members.
chapter: Chapter 1: The Early 1910s: Post-Panic Creature and Party Posturing