The 1914 Series was one of only two series issues in the Federal Reserve Note program that used the older large-sized format for US paper currency. These notes were much larger than modern notes issued from 1929 onward and are sometimes referred to as horse blankets due to the size. The only $20 note issued in the large-sized format was the 1914 note.
Federal Reserve Notes were first issued by the US Treasury in 1914 with denominations you would be familiar with today. These included $5, $10, $20, $50, and $100 notes. While you would recognize these denominations, you would also find that the notes were much larger than those notes currently issued by the Treasury and that some of the designs are not the same as today. Though Lincoln, Grant, and Franklin still feature on $5, $50, and $100 notes today, only Lincoln and Grant are captured in the same portrait as originally featured in 1914, with only slight modifications. The reverse of all the notes have changed with time.
On the obverse of 1914 $20 Federal Reserve Notes is a depiction of President Grover Cleveland. President Cleveland has the sole distinction of serving as President of the United States not just twice, but in two non-consecutive terms.
The reverse face of the 1914 $20 Federal Reserve Note features a design known as Land, Air, and Sea. The vignette includes images of a steam locomotive, an early airplane, and a coal-powered cruising ship.
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