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Statement by Theodore E. Allison, Assistant to the Board, Board of Governors of the Federal Reserve System. (to House Subcommittee on General Oversight and Investigations, February 27, 1996)(Statements to the Congress)
From:
Federal Reserve Bulletin
| Date:
April 1, 1996| Author:
Allison, Theodore E.
| COPYRIGHT 1996 Board of Governors of the Federal Reserve System. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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Federal Reserve System's Asst. to the Board Theodore E. Allison, on Feb 27, 1996, told the House Subcommittee on General Oversight and Investigations that counterfeiting is a serious crime that could damage U.S. economic stability but the Federal Reserve has instituted procedures that have kept counterfeiting at a low level. Allison reported that in 1995 the Federal Reserve had run 22 billion currency notes through their note-counting and counterfeit identifying equipment and determined that ...
