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About: National Bank Note     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:SystemOfMeasurement113577171, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: yago:WikicatBanknotesOfTheUnitedStatesyago:Abstraction100002137yago:Bill113393762yago:Currency113385913yago:Measure100033615yago:MediumOfExchange113372961yago:PaperMoney113387209yago:Standard107260623yago:SystemOfMeasurement113577171 New Facet based on Instances of this Class

National Bank Notes were United States currency banknotes issued by National Banks chartered by the United States Government. The notes were usually backed by United States bonds the bank deposited with the United States Treasury. In addition, banks were required to maintain a redemption fund amounting to five percent of any outstanding note balance, in gold or "lawful money." The notes were not legal tender in general, but were satisfactory for nearly all payments to and by the federal government.