12 U.S.C. § 413 : US Code - Section 413: Distinctive letter and serial number of notes; cancellation of notes unfit for circulation; accounting; apportionment of credit among Federal Reserve banks

Search 12 U.S.C. § 413 : US Code - Section 413: Distinctive letter and serial number of notes; cancellation of notes unfit for circulation; accounting; apportionment of credit among Federal Reserve banks

Federal Reserve notes shall bear upon their faces a distinctive
letter and serial number which shall be assigned by the Board of
Governors of the Federal Reserve System to each Federal Reserve
bank. Federal Reserve notes unfit for circulation shall be
canceled, destroyed, and accounted for under procedures prescribed
and at locations designated by the Secretary of the Treasury. Upon
destruction of such notes, credit with respect thereto shall be
apportioned among the twelve Federal Reserve banks as determined by
the Board of Governors of the Federal Reserve System.