WEEK #327 - NATIONAL BANK NOTE COLLECTORS....

[Moon]

QUESTION:

 

The Act of May 24, 1926 forbade what on National Bank notes?

 

 

 

Good Luck!

 

Our first place winner will receive a coupon for 1 note graded under the Standard grading tier. (You must have an active account with PMG, call PMG for details) There will also be a runner up prize given to a randomly selected player with the correct answer.

 

 

REMINDER: The Numisma-Quest ends on Saturday at midnight EST. Entries after that time will not be valid. See the Trivia info post for more details.

 

When you post your answer, only the administrators can see it . Stop back this Monday. We will make all the posts visible and announce the winners.

 

[DC Dawg]

Forbidden titles... or the name of banks.

 

Scott

[Backdraft237]

the use of "United States", "Federal", or "Reserve" in the bank title

[Coindude]

Prevented the use of United States notes or national-bank notes as security or as collateral security for any loan of money, or for a consideration agree to withhold the same from use, or offer or receive the custody or promise of custody of such notes as security, or as collateral security, or consideration for any loan of money.

[dan8402]

The Act of May 24, 1926 forbade the use of "United States", "Federal", or "Reserve" in the bank title.

[just-john]

forbidden title" bank. The Act of May 24, 1926 forbade the use of "United States", "Federal", or "Reserve" in the bank title. However, existing banks with such titles were grandfathered in by the act. There were twenty "United States National Banks" around the country during the 1929 - 1935 period. Nineteen of these banks issued Nationals.

[BankNote1]

The Act of May 24th, 1926 forbids the use of the words United States, Federal, or Reserve in the bank title on National Bank Notes. Although, the existing banks could continue using these words in their titles.

[BigBob]

The Act of May 24, 1926 forbade the use of "United States", "Federal", or "Reserve" in the bank title. However, existing banks with such titles were grandfathered in by the act.

[cpm9ball]

"POST NO BILLS!"

 

Chris

[mhardin2413]

nude portraits of martha washington

[just-john]

United States notes or national-bank notes on notes issued by a private bank

[just-john]

the Act of May 24, 1926 forbade the use of "United States", "Federal", or "Reserve" in the bank title or any notes . However, existing banks with such titles were grandfathered in by the act. There were twenty "United States National Banks" around the country during the 1929 - 1935 period. Nineteen of these banks issued Nationals.

[Moon]

QUESTION:

 

The Act of May 24, 1926 forbade what on National Bank notes?

 

ANSWER:

 

The act forbade the use of the words, “United States”, “Federal”, or “Reserve” in the bank title. A grandfather clause permitted existing banks to continue using these words in their titles.

 

 

 

Congratulations to our 1st place winner backdraft237! You will receive a coupon for 1 free standard grading.

 

Congratulations to our runner up winner BigBob! You will be receiving a PMG Bank Bag and a sample.

 

 

Thanks for playing this weeks Numisma-Quest. Dont forget to stop by for this weeks NGC question!