Waterlogged Money: How the Great Midwest Flood of 1993 Destroyed Bank Currency and the Federal Reserve’s Massive Replacement Operation
The Great Midwest Flood of 1993 submerged bank vaults, destroyed millions of dollars in Federal Reserve notes, and triggered one of the most complex emergency currency replacement operations in modern US history. For collectors, this disaster left behind a fascinating paper trail of star notes, emergency print runs, and Fed district concentrations that remain underappreciated in the marketplace today.
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