Editing United States Note (section)

===End of the United States Note===

Soon after [[Executive Order 6102|private ownership of gold was banned]] in 1933 (a ban that would be lifted in 1974), all of the remaining types of circulating currency, [[National Bank Note]]s, [[Silver certificate (United States)|silver certificates]], [[Federal Reserve Note]]s, and United States Notes, were redeemable by individuals only for [[silver]]. Eventually, even silver redemption stopped in June 1968, during a time in which all U.S. currency (both coins and paper currency) was changed to [[fiat money|fiat currency]]. For the general public, there was then little to distinguish United States Notes from Federal Reserve Notes. As a result, the public circulation of United States Notes, in the form of {{US$|long=no|2}} and {{US$|long=no|5}} bills was discontinued in August 1966, and replaced with {{US$|long=no|5}} Federal Reserve Notes and, eventually, {{US$|long=no|2}} Federal Reserve Notes as well. United States Notes became rare in hand-to-hand commerce and also beginning in 1966, the Treasury converted the outstanding balance into new {{US$|long=no|100}} United States Notes, the majority of which sat unissued in bank vaults. Series 1966 and Series 1966A {{US$|long=no|100}} United States Notes were printed from 1966 to 1969, with distribution into public circulation officially ending January 21, 1971.<ref name="USTfaq">[http://www.treasury.gov/resource-center/faqs/Currency/Pages/legal-tender.aspx U.S. Treasury – FAQ: Legal Tender Status]</ref>

In September 1994, the Riegle Improvement Act released the Treasury from its long-standing obligation to keep United States Notes in circulation. Just prior to the Riegle act, the Treasury considered releasing its large remaining stockpile of unissued {{US$|long=no|100}} United States Notes into general circulation, but with the recently redesigned series 1996 {{US$|long=no|100}} Federal Reserve Note, it was decided confusion would likely arise with the sudden appearance of two very different {{US$|long=no|100}} notes in circulation.<ref name="Riegle">[https://www.congress.gov/bill/103rd-congress/house-bill/3474/text Riegle Community Development and Regulatory Improvement Act of 1994, see Sec. 602(f)(4)]</ref> The Treasury announced in 1996 that the remaining stock of {{US$|long=no|100}} United States Notes had been destroyed.<ref>Hessler, Gene and Chambliss, Carlson (2006). ''The Comprehensive Catalog of U.S. Paper Money'', 7th edition, Port Clinton, Ohio: BNR Press {{ISBN|0-931960-66-5}}.</ref>