Has anyone tried redeeming FRNs for Treasury notes or bonds from a bank?

Just wondering :).

Good question. I read a convincing account that the Federal Reserve banks no longer even speak to citizens from the general public. I will guess that "state" banks will only hand you Federal Reserve notes.

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Originally Posted by David Merrill

Good question. I read a convincing account that the Federal Reserve banks no longer even speak to citizens from the general public. I will guess that "state" banks will only hand you Federal Reserve notes.

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You can still make the demand for lawful money in US Treasuries, right? :)

So long as you have documentary proof of the demand when passed to the bank.

Make the record :).

Quote:

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Originally Posted by shikamaru

You can still make the demand for lawful money in US Treasuries, right? :)

So long as you have documentary proof of the demand when passed to the bank.

Make the record :).

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Of course!

You can make a demand for a Christmas tree in July too.