Today's Federal Reserve Notes:
A World Standard Emerges

Federal Reserve notes are the sole currency issued today. All U.S. currency issued since the first paper money was issued by the U.S. government in 1861 (except Military Payment Certificates) remains fully redeemable at face value. Federal Reserve notes were originally issued in denominations ranging from $5 to $10,000. The $1 denomination was added in 1963; the $2 denomination was added in 1976. The $100 note has been the largest denomination printed since 1946.