For release: May 5, 2003

Contact:	Joe Elstner:
	Office:	(314) 444-8311
	E-Mail:	e-mail: joseph.c.elstner@stls.frb.org,
	Mobile:	cell: (314) 640-3526
Contact:	Charles B. Henderson
	Office:	(314) 444-8311
	E-mail:	charles.b.henderson@stls.frb.org
	Mobile:	(314) 609-5972
	Pager:	(314) 538-9526
Online Press Room:		www.stlouisfed.org/news/press_room/contact.html

Unveiling of the redesigned $20 bill, which will be released in late 2003

WHEN: Tuesday, May 13, 2003
9 a.m. - 9:30 a.m., CDT

WHERE: Bureau of Engraving and Printing in Washington, D.C.

WHO: John W. Snow, Secretary of the Treasury; Alan Greenspan, Chairman of the Federal Reserve System; Rosario Marin, United States Treasurer; Thomas A. Ferguson, Director of the Bureau of Engraving and Printing; and W. Ralph Balsam, Director of the U.S. Secret Service.

WHY: In response to advances in technology that make digital counterfeiting easier and cheaper, the new $20 bill, which will feature the addition of color, will be safer and more secure because it will be harder to fake and easier to check.

NOTE: The Federal Reserve Bank of St. Louis will have a specimen of the new $20 bill. At 9:30 a.m., CDT, the electronic press kit, background information and photographs of the new bill will be accessible by logging on to: www.moneyfactory.com/newmoney. The live feed of the news conference in Washington, D.C., will be available via satellite transmission available from 9 a.m. to 9:30 a.m., CDT. The coordinates are: KU-Band AMC 2, K3, D.L. 11760 V, Audio.

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