What Are Federal Reserve Notes? A Federal Reserve note is a term to describe the paper demand liabilities of the Federal Reserve, commonly referred to as "dollar bills," which circulate in the U.S. as ...

Obverse Image: Bust of Andrew Jackson in center. Obverse Text: 10 / FEDERAL RESERVE NOTE / THE UNITED STATES OF AMERICA WILL PAY TO THE BEARER ON DEMAND TEN DOLLARS / A57264067A / AUTHORIZED BY ...