Counterfeit Deterrent Features for the Next-Generation Currency Design (1993) / Chapter Skim
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2 U.S. Banknote Counterfeiting Threats
2 U.S. Banknote Counterfeiting Threats
Pages 17-30
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Those that were not culled out along the way were removed by the Federal Reserve System, where they were identified using covert features and highly effective sensors. Another $87 million in counterfeit banknotes was seized by the Secret Service before entering circulation.
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These counterfeiters must produce large enough quantities of counterfeit notes to recover their investment in time and effort. Typically, the number of notes printed have been large enough to permit the Secret Service to trace the source and seize the bogus notes.
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Interpol, an international police organization composed of 169 member countries, rarely encounters counterfeit notes of currencies that have incorporated sophisticated security features. Most of the counterfeit
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However, the advent of high-resolution color monitors in the office and the requirements of presentation graphics have helped create the growing demand for color printers and copiers in the office that can reproduce highquality color images. The committee envisions that desktop color printers will become one of the fastest growing areas in the domain of reprographic technology during the next decade.
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Equipment Electrophotography, electrostatics, ink jet, and thermal transfer are the four technologies on which virtually all color copiers and printers are based. There are recent indications that reasonable quality color can also be produced using magnetic toners; thus, magnetic printing technology is a fifth relevant technology.
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Unit Placements and Selling Prices When the previous National Materials Advisory Board studies were performed during the period 1985 to 1987, there was very limited market information on advanced copiers and printers. In 1985, only two companies offered color copiers (Ling, 1986~.
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S BANKNOTE COUNTERFEITING THREATS 23 average selling prices, etc., as well as with market trends.
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Thirteen companies offer color printers; only three of them also manufacture color copiers.
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Due to favorable performance and price, inkjet printers could make up as much as 95 percent of the new printer placements by ~ 995 Mazda, ~ 992; Testan, ~ 993~. Thus, by 1995, there will be on the order of 4.9 million color printers associated with personal computers (many of which will have peripheral scanning devices)
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2. The same type of person described above could have a home computer equipped with a scanner, a disk drive, a color monitor, and a color printer and be relatively free to experiment in privacy.
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There is also a disincentive for the public to closely inspect currency, because discovery of a counterfeit note leads to a monetary loss when the bogus bill is surrendered to the Secret Service as required by law. Machines that change $10 and $20 bills for lower denomination currency present a low-risk target for counterfeiters, because they will either accept the bogus bill or unobtrusively return it to the counterfeiter.
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... ~ ~ ~ ~ ~ -~^ ~ ~^ V or absence to be sensed in money changing machines.
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1992. Comments by Special Agent James Brown and Special Agent Craig Einsel, U.S.
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Final Report to the Board of Governors of the Federal Reserve System, Contract 3975. Columbus, Ohio: Battelle Columbus Laboratories.
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