Thread by @DavidCranmerUn1

Pictures of Big Bills - $1000, $5000, $10000, $100000 | Bankrate

Once upon a time, though, $500, $1,000, $5,000, $10,000 and $100,000 bills were in circulation. After the last printing of those denominations in 1945, the Treasury Department and the Fed bankrate.com/financing/bank…

discontinued them in 1969. After his electoral defeat, President Kennedy appointed him as the Assistant Secretary of the Treasury for Congressional Relations.[5] In 1963, he was appointed Chairman of the Federal Deposit Insurance Corporation.[2] Barr served as the Undersecretary

of the Treasury from 1965 to 1968, during the administration of President Lyndon B. Johnson. When Henry H. Fowler resigned in December 1968, Johnson named Barr as the Secretary of the Treasury with a recess appointment, effective for the remainder of Johnson's term in office.[6]

His 28 days in the position was the shortest term of any Treasury Secretary. Given his short period in office, his signature appears only on the one-dollar bill. After leaving office, he was named as the vice chairman of American Security and Trust Company.[9] He than served as

the president and the chairman from 1969 to 1974 and the chairman of Federal Home Loan Bank in Atlanta, Georgia from 1977 to 1981. American Security Bank was founded in 1889 in Alexandria, Virginia, as a banking and trust concern, operating a branch in the District of Columbia

at 1419 G Street, NW; the following year it reincorporated in the District and moved to 1405 G Street.[1] Its president was Charles James Bell (Dublin, April 12, 1858 – October 1, 1929), nephew of Alexander Graham Bell.[3] It was the second trust company established in the

District and the first to offer a woman's department. The building now houses a branch of Bank of America as a result of the latter's merger with NationsBank, which purchased MNC Financial in 1993.[4] MNC had purchased American Security Bank in 1987 but continued to operate it

under the original name.[5]
Due to its location immediately north of the Treasury Building the building appeared on the back of the ten dollar bill for many years,[6] a fact exploited in advertising with the slogan "right on the money."

As a result of the Great Depression the FHLBanks were established by the Federal Home Loan Bank Board (FHLBB) pursuant to the Federal Home Loan Bank Act of 1932. This was in order to provide funds to "building and loan" institutions, providing liquidity and making mortgages

available.[citation needed]
Initially, the FHLBanks made direct loans to home owners, but transferred this responsibility to the Home Owners' Loan Corporation when it was created the following year. As a result of the savings and loan crisis of the 1980s the Financial

Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA) abolished the FHLBB and transferred oversight responsibility of the FHLBanks to the Federal Housing Finance Board (FHFB) and regulatory responsibility to the Office of Thrift Supervision (OTS) in the Department

of the Treasury. FIRREA also allowed all federally insured depository institutions to join the FHLBank System, including commercial banks and credit unions

As a result of the late-2000s recession, section 312 of the Dodd-Frank Wall Street Reform and Consumer Protection Act

mandated merger of OTS with the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board of Governors, and the Consumer Financial Protection Bureau (CFPB) as of July 21, 2011.