January 29th, 2008 05:57 EST
Smart New $5 Bill will first be spent at President Lincoln's Cottage March 13
Washington, D.C. -- January 14, 2008 -- The first redesigned $5 bill, which will continue to feature the portrait of President Abraham Lincoln, will enter circulation on March 13 and will be spent at the gift shop of President Lincoln’s Cottage at the Soldiers’ Home in Washington, D.C. The venue, which has recently been restored and open to the public, was used by President Lincoln as a retreat. President Lincoln understood that maintaining the integrity of U.S. currency was critical to the stability of our economy. In fact, President Lincoln established the United States Secret Service the same evening he was assassinated at Ford’s Theatre in Washington, D.C. and made it the agency’s primary mission to safeguard the nation’s currency from counterfeiters.
On March 13, Federal Reserve banks will begin distributing redesigned $5 bills to customer banks, which will then distribute currency to businesses and consumers. The new bills will first begin circulating in the U.S. and gradually in other countries as international banks place orders for $5 bills from the Federal Reserve. Older-design $5 bills will maintain their full face value. Therefore, it will not be necessary to trade in old $5 bills for new ones.
When:Thursday, March 13, 2008 at 10:30 AM.
Media set-up will begin at 9:00 AM.
Where:President Lincoln's Cottage at the Soldiers' Home
President Lincoln's Cottage is located on the Armed Forces Retirement Home (AFRH) campus in Washington, D.C. approximately 10-15 minutes from downtown. The entrance to the AFRH is the Eagle Gate at the intersection of Rock Creek Church Road, NW and Upshur Street NW, Washington, DC 20011.
Materials:Press kits for the redesigned $5 bill are available in the Media Center at www.moneyfactory.gov/newmoney
. The electronic press kit includes a range of information about and images of the redesigned $5 bill.
RSVP:All attending press should please call 202-530-4887 by March 11th.
Interviews:One-on-one interviews will be available with principals from the Department of the Treasury, Bureau of Engraving and Printing, Federal Reserve Board and United States Secret Service. Please schedule in advance by calling 202-530-4887. A full list of principals will be included in a reminder advisory which will be released to the media on February 12, President Lincoln's birthday.
Free educational materials are available to businesses, financial institutions, trade and professional associations, citizen groups and individuals to prepare cash handlers and consumers to recognize the new design and protect themselves against counterfeits. Since 2003, the U.S. government has distributed more than 78 million pieces of public education and training materials about the new $5, $10, $20 and $50 bill redesigns. Materials are available to order or download in multiple languages at www.moneyfactory.gov/newmoney