Financial Update (First Quarter 2007)

Vol. 20, No. 1,
First Quarter 2007


Dennis Lockhart Named
Atlanta Fed President

Fed to Study Nation's
Payment Habits

Check 21 Continues
Brisk Growth

Atlanta Fed Joins
Poverty Research

Agencies Update Brochure
on Nontraditional Mortgages

Guidelines on Commercial
Real Estate Loans Issued

Bernanke Focuses on
Fed's Supervisory Role

New Atlanta Fed
Directors Named

$1 Presidential Coin
Program Begins

Fed Turns Money
Over to Treasury


Did You Know?

Data Bank

Circular Letters


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Inaugural $1 Presidential Coin Released

one dollar coins The U.S. Mint has launched a new Presidential $1 Coin Program, similar to the successful state quarter program. Initiated by Congress with the Presidential $1 Coin Act of 2005, the move was designed both to honor U.S. presidents and maintain interest in a dollar coin.

The father of our country debuts
Beginning with the George Washington issue on Feb. 15, 2007, the coins feature a portrait of the president on the front side of the coin with an angled view of the Statue of Liberty on the back They will also feature printing on the edge of the coin, an element that has not been present on U.S. coinage since the 1930s.

The coins bearing likenesses of each president will roll out in the order in which each served. The presidential dollar program is expected to run through at least 2016. Reserve Banks will receive the coins from the U.S. Mint and circulate them through financial institutions.

U.S. Mint’s Presidential $1 Coin Program off-site image
Press release off-site image

In addition to Washington, the 2007 coins will commemorate John Adams (to be released May 18), Thomas Jefferson (Aug. 17), and James Madison (Nov. 16).

Vending machines are standing by
Identical in color and size to the Sacagawea Golden Dollar, which will also remain in production, the new presidential coins may be used in vending machines that currently accept both the Susan B. Anthony dollar and the Sacagawea coins.