Redemption of Lawful Money at US Bank

[Richard Earl]

Thank you for your response, Earl.

Is the implication here that if individuals are using them they are either doing so illegally or that they are Federal reserve banks?

Yes, I do you hold and use Federal Reserve Notes.

Well, the statute is written right there -- as I have pasted to you. That is the issuance of Federal Reserve Notes.

The said notes shall be obligations of the United States and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other public dues.

Since you are using and holding Federal Reserve Notes, you are in possession of obligations.