<P> National Bank Notes were retired as a currency type by the U.S. government in the 1930s during the great depression as currency in the U.S. was consolidated into Federal Reserve Notes , United States Notes , and silver certificates ; privately issued banknotes were eliminated . The passage of the Gold Reserve Act created an accounting gain for the Treasury , part of which was used to provide funds to retire all bonds against which National Banks Notes could be issued . </P>
<P> National Bank Notes were retired as a currency type by the U.S. government in the 1930s during the great depression as currency in the U.S. was consolidated into Federal Reserve Notes , United States Notes , and silver certificates ; privately issued banknotes were eliminated . The passage of the Gold Reserve Act created an accounting gain for the Treasury , part of which was used to provide funds to retire all bonds against which National Banks Notes could be issued . </P>
when did banks stop printing their own money
when did banks stop printing their own money
1930s
1930s