Redemption of Lawful Money at US Bank

[Richard Earl]

Since you are holding and using Federal Reserve Notes, you are holding an advance or credit.

The obligations become many.

They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank.

When they are redeemed, the obligations remain with the United States and the Federal Reserve banks.