A 1929 Federal Reserve Bank Note in the denomination of $50. These notes differ from Federal Reserve Notes in that they are backed by one of the twelve Federal Reserve Banks, rather than by all collectively. The 1929 issue, also known as small size notes, was an emergency issue prompted by the public hoarding of cash during the Great Depression.
This note, depicting Ulysses S. Grant on the obverse, was released by the Federal Reserve Bank of New York.
Other denominations: $5, $10, $20, $100Banknote: Bureau of Engraving and Printing (image courtesy of the National Numismatic Collection, National Museum of American History)