![]() ![]() This number appears four times on the front of the bill. A star sheet is used to replace the imperfect sheet. After the numeric sequence, a final letter serves as part of the printing counter and is sometimes replaced by a star, which meant that there was an error in printing. A single printing “run” exhausts the eight-digit count. The numbers that follow are simply a counter keeping track of how many of that type of bill have been printed during the series at that particular Federal Reserve Bank. The serial number appears twice on the front of the bill, once in the lower left hand corner and once in upper right hand corner. All bills above $2 have a serial number that begins with two letters: The first corresponds to the series year, and the second to the letter code of the bank that distributed the bill ($1 bills only have this letter). The seal bears the name of the issuing bank and a letter designating the district-"L" is the letter for San Francisco. ![]() FEDERAL RESERVE SEALĮstablished in 1913, the Federal Reserve is made up of twelve banks that distribute currency. Made up of the check letter and quadrant number, the note-position identifier indicates the physical spot that a particular bill occupied on a printing sheet. ![]() Graphic by Chloe Effron 1.THE NOTE-POSITION IDENTIFIER
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