Financial Update (Fourth Quarter 2005)


 Jack Guynn on
 Economic Growth,

 Payment Services
 Withstand Katrina’s

 Pat Barron on the
 Need to Improve
 Payment Systems

 Directo a México
 Promotes FedACH

 Introduces New
 Bank Secrecy
 Act Manual

 Credit Cards’
 Benefits Outweigh
 Identity Theft

 Go Direct Campaign
 Encourages Direct

 New HMDA Data
 Include Loan Pricing

 $10 Bill
 to Debut in ’06

 Explores Latin
 American Bank

 Final CRA Rules
 Take Effect

 Revisions Proposed
 to ATM Fee


 Data Bank

 Circular Letters



New $10 Note to Debut in Early 2006


Founding father Alexander Hamilton is a colorful character, at least on the new $10 bill. The redesigned note, due to enter circulation in early 2006, adds a new color palette to a bevy of other anticounterfeiting features.

New look keeps security at the forefront
The new $10 note, unveiled at Ellis Island in New York Harbor on Sept. 28, retains several of the security features that were introduced into U.S. currency in the 1990s, including color-shifting ink, a watermark, and a security thread. The color-shifting numeral “10” changes color from copper to green when the bill is tilted.

New $10 bill’s security features
Facts about U.S. currency

A watermark portrait of Alexander Hamilton, the nation’s first secretary of the Treasury, appears to the right of his portrait. The plastic security thread woven into the note repeats the words “USA TEN” and glows orange when held under ultraviolet light.

Broadening the color palette
Perhaps the most noticeable difference in the new $10 note is the addition of red, yellow, and orange. Two images of the Statue of Liberty’s torch are printed in red on the face of the note. The words “We the People” from the U.S. Constitution are printed in red to the right of the portrait, behind the Treasury Department seal. On the face of the note, small yellow 10s appear in the background to the left of the portrait; on the back of the note, they appear to the right of the vignette. The bill’s background is a subtle shade of orange.

Updated currency designs are being introduced every five to seven years. Next in line for a makeover is Benjamin Franklin on the $100 bill, scheduled for a redesign in 2007.