Thursday, March 13, 2008       ( 8:19 AM ) Andy   There is a New $5 Bill in Town The FRB is placing the new $5 bills into circulation today. This newly designed currency incorporates new security features. If you hold the new $5 bill to the light, you'll see a watermark and a security thread. Here is a description from the FRB of these new features: Watermarks: There are now two watermarks on the redesigned $5 bill. A large number "5" watermark is located in a blank space to the right of the portrait replacing the previous watermark portrait of President Lincoln found on the older-design $5 bills. A second watermark -- a column of three smaller “5”s -- has been added to the new $5 bill design and is positioned to the left of the portrait. Security Thread: The embedded security thread runs vertically and is now located to the right of the portrait on the redesigned $5 bill. The letters "USA" followed by the number "5" in an alternating pattern are visible along the thread from both sides of the bill. The thread glows blue when held under ultraviolet light. The MoneyFactory is a website from the Bureau of Engraving and Printing. This site has images and excellent descriptions of the new bill. # Tuesday, March 11, 2008       ( 4:45 PM ) Andy   Need Another Regulator -- How About the FBI CNN reports that the FBI is in the early stages of an investigation of Countrywide's underwriting and mortgage origination practices, and whether their losses on subprime mortgages had been misrepresented. "The FBI has been investigating potential fraud in the mortgage/sub-prime lending industry, however, we can not confirm or deny which companies are under investigation," said an FBI spokesman. Separately, a law enforcement official indicated there were 16 companies being investigated. #

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