Oak Run
Veterans
Association
~ To Keep the Memories Alive and Foster Patriotism ~

14 July 2017

Big Bills Discontinued On This Date In 1969

Large denominations of United States currency greater than $100 were circulated by the United States Treasury until 1969.

Although they are still technically legal tender in the United States, high-denomination bills were last printed on December 27, 1945, and officially discontinued on July 14, 1969, by the Federal Reserve System, due to 'lack of use'. The $5,000 and $10,000 effectively disappeared well before then.

The Federal Reserve began taking high-denomination currency out of circulation (destroying large bills received by banks) in 1969. As of May 30, 2009, only 336 $10,000 bills were known to exist; 342 remaining $5,000 bills; and 165,372 remaining $1,000 bills. Due to their rarity, collectors often pay considerably more than the face value of the bills to acquire them. Some are in museums in other parts of the world.

For the most part, these bills were used by banks and the Federal government for large financial transactions. This was especially true for gold certificates from 1865 to 1934.

     

     


Credit: wikipedia.org

05 July 2017

July Meetings


Board Meeting - 11 July, 1000, Card Room

General Meeting - 19 July, 1530, Orchid Club

Guest speaker: Lt. C.T. Welch, Marion County Sheriff's Office,
Southwest District Commander, Community Policing Bureau,
speaking on public safety issues.

Come early to enjoy coffee and light snacks.

01 July 2017

28 June 2017

US Federal Holidays

The history of federal holidays in the United States dates back to 28 June 1870 when Congress created federal holidays "to correspond with similar laws of States around the District ... and ... in every State of the Union." Although at first applicable only to federal employees in the District of Columbia, Congress extended coverage in 1885 to all federal employees.

The original four holidays were:
  • New Years Day
  • Independence Day
  • Thanksgiving Day
  • Christmas Day

George Washington's Birthday became a federal holiday in 1880. Many people now refer to this holiday as "Presidents' Day" and consider it a day honoring all American presidents. However, neither the Uniform Holidays Act nor any subsequent law changed the name of the holiday from Washington's Birthday to Presidents' Day.

In 1888 Decoration Day (now Memorial Day) was created.

In 1894 Labor Day was created.

In 1938 Armistice Day (now Veterans Day) was created to mark the end of World War I. The scope and the name of the holiday was expanded in 1954 to honor Americans who fought in World War II and the Korean War.

In 1968 the Monday Holiday Act of 1968 shifted several holidays to always fall on a Monday and saw the establishment of Columbus Day.

In 1983 the Birthday of Martin Luther King, Jr. became the nation's most recently established holiday.

The 10 Federal Holidays

1 January  (Fixed)       New Year's Day

15–21 January (Floating Monday)       Birthday of Martin Luther King, Jr.

15–21 February (Floating Monday)       Washington's Birthday

25–31 May (Floating Monday)       Memorial Day

4 July (Fixed)       Independence Day

1–7 September (Floating Monday)       Labor Day

8–14 October (Floating Monday)       Columbus Day

11 November (Fixed)       Veterans Day

22–28 November (Floating Thursday)       Thanksgiving Day

25 December (Fixed)       Christmas Day


Credit: wikipedia.org