Fifth-graders, the Fed, and the New $5> > > >
March 6, 2008
Philadelphia, Pa. - A group of fifth-graders will visit the Federal Reserve Bank of Philadelphia at 10:30 a.m., Thursday, March 13, to learn about the new security features of the redesigned $5 bill, which is being released into circulation that day. The students from Holy Redeemer will also have a chance to test their counterfeit-detection skills in the Bank's exhibit Money in Motion.
Federal Reserve Bank of Philadelphia Vice President Michelle Scipione will demonstrate how to check the redesigned $5 for authenticity. Agents from the United States Secret Service will talk about counterfeiting and show the students examples of fake money.
The United States government continues to stay ahead of counterfeiting by redesigning currency with enhanced security and design features. The redesigned $5 bill will help protect against a method of counterfeiting that removes the ink from a $5 bill and changes it to look like a $100 bill. President Lincoln, whose portrait is featured on the $5 bill, understood that maintaining the integrity of our money was critical to the stability of our economy. In fact, he established the United States Secret Service and set the agency’s primary mission: to safeguard our currency from counterfeiters.
Media should RSVP to Marilyn Wimp at 215-574-4197 or Kathy Dibling at 215-574-4119. B -roll of U.S. currency is available online. Press kits will be available at the event.
The Philadelphia Fed event coincides with the first purchase in the nation using the new $5 in the Lincoln Cottage gift shop in Washington, D.C. Learn more about this event.