Question Details	Asked By	Asked On
One Thousand Dollar Bill	Ccl471	04/02/07
A friend of mine just told me today that a one thousand dollar(U.S.) bill is only used by the federal government, in payments to other national governments. He said private citizens can't even get their hands on one. I asked if I happened to have one, and I took it to my local bank to deposit it, would they take it? He said no, but they'd make a phone call and then I would be in trouble. Is my friend right? If he is, why is it like that? Can you direct me to some literature online where I can read up about this to get a more complete understanding of this? Many thanks, C.L.
Answered By		Answered On
Jim.McGinness		04/02/07
$500, $1000, $5,000 and $10,000 bills were once produced. There are still a few in circulation and they are still legal, even though they were primarily used for bank transfers. If you take it to the bank, they'll verify its authenticity, give you the equivalent in new banknotes, and send it to the Federal Reserve Bank where it will be destroyed. From the horse's mouth, see: http://www.treas.gov/education/faq/currency/denominations.shtml

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