On Jan 2, 3:05 pm, Phil Kane wrote:

In general, the FRNs do not stray very far from the District in which
they were issued, certainly not now that cash is starting to be used
less and less.

Some time ago, for the heck of it we built a collection of bills from
every Fed District. While the majority of bills were from our home
district and an adjacent one, it didn't take too long to build a full
set.

years ago, what was the largest size bill subway clerks and commuter
railroad conductors would accept? I doubt many people would put in a
$20 bill for a 5c subway fare, and counterfeiting was a risk. On
commuter railroads way back fares were relatively cheap, so I don't
think a $20 bill was appreciated for a 50c fare.

On the other hand, a railroad ticket office could sell expensive
tickets for a long trip, such as Pullman tickets to Chicago for a
family.


As an aside, years ago when we travelled my father used traveler's
checks. I wonder if anyone still does in this day of credit cards.
(I once lost some Am Exp travelers checks and they did refund them
easily and immediately.)

(I didn't realize back then Am Exp made their money on the 'float
time' between when the consumer bought the traveler's checks and the
time they were used, more so than the fee itself.)

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