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  • Court’s Decisions of FRN’s

    Byadmin

    Court’s Decisions of FRN’s Understanding Federal Reserve Notes and Lawful Money 1. Money Is Property Federal Reserve notes are liabilities, not assets. Cash, according to the book “The Federal Reserve Bank: Its Purposes and Functions”, is coin. 2. Current Money Whatever is receivable and current by law as money. See: Henderson v. Farmers Savings Bank,…