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In an effort to further reduce counterfeiting and make U.S. currency easier to recognize, the Treasury Department will issue a redesigned $50 note this fall. The new $50 is the second in the U.S. currency series to include enhanced security features; the redesigned $100 note was issued last year. As with the $100 note, $50 notes from the old series will continue to be honored at full face value while the new notes are being phased in Reserve Banks will retire the old notes as they are returned through the banking system.
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Fed in Print: An index of the economic research conducted by the Fed.