Until the U.S. Treasury took over responsibility for printing paper money in 1861, banks across the country issued their own bank notes. These notes varied widely in color and design. During the holidays, some even issued notes with pictures of Santa Claus!
These notes lost their value and became collectibles after the treasury started printing money. A blog from the New York Federal Reserve explains this piece of America’s banking history and has pictures of notes featuring Santa Claus.
Click here to read the full story and see the festive notes.
