The Department of the Treasury, Federal Reserve and U.S. Secret Service to Preview New $10 Note DesignLatest in Series of Safer, Smarter, More Secure Currency Designed to Stay Ahead of CounterfeitersWashington, D.C. – September 6, 2005 – The Department of the Treasury, Federal Reserve and U.S. Secret Service are unveiling a new design and updated security features for the $10 note that will enter circulation in early 2006. The $10 note is the third denomination in the new currency series which incorporates enhanced security features, subtle background colors and symbols of freedom into the designs.
Who: John W. Snow, Secretary, The Department of the Treasury
Anna Escobedo Cabral, Treasurer of the United States
Roger W. Ferguson, Jr., Vice Chairman, Federal Reserve Board
Thomas A. Ferguson, Director, Bureau of Engraving and Printing
W. Ralph Basham, Director, United States Secret Service
When: Wednesday, September 28, 2005 Press arrivals begin at 8:30 a.m., set-ups must be complete by 9:30 a.m. Please bring a valid press credential, a government-issued photo ID and allow time to clear security at Battery Park.
10:00 – 10:30 a.m. Remarks by principals, unveiling of new $10 note design
10:30 – 11:00 a.m. Agency spokespeople available to media for Q&A
Where: Ellis Island, New York Harbor
Transport: Ferries dedicated to this event will depart from New York’s Battery Park Pier #4 at 8:15 a.m., 8:45 a.m. and 9:30 a.m. Ferries will return to Battery Park after the event concludes, leaving Ellis Island at 10:40 a.m., 11:30 a.m., and 12:00 p.m.
RSVP: All attending press must call 202-530-4887 by
5:00 p.m. EST, Friday, September 23 with name, media organization, Social Security number and phone number.
Interviews: One-on-one media interviews can be scheduled in advance by calling 202-530-4887.
Materials:Press kits providing information about the new $10 note will be available beginning at 10:30 a.m. on September 28 in the “Media Center” at
www.moneyfactory.gov/newmoney or by calling 202-530-4887. The kit includes information on the new $10 note design and digital images.
B-roll: B-roll of The New Color of Money, which includes footage of the newly designed $10 note in production and sound bites from government officials will be available by calling 202-530-4887 beginning Wednesday, September 28.
The new $10 notes will be
safer, smarter and more secure: safer because they’re harder to fake and easier to check;
smarter to stay ahead of tech-savvy counterfeiters;
more secure to protect the integrity of U.S. currency. The new currency, with improved security features, makes counterfeiting more difficult and makes it easier for financial institutions, professional cash-handlers and the general public to check their U.S. currency.
Because counterfeiters are turning increasingly to digital methods and as advances in technology make digital counterfeiting easier and cheaper, the government is staying ahead of counterfeiters by updating the currency every 7-10 years.
The $100 note will be the next denomination to be redesigned after the $10 note. At this time, the government has no plans to redesign the $5 note. The $2 and $1 notes will not be redesigned.
http://www.moneyfactory.com/newmoney/main.cfm/media/releases090605