United States one-hundred-dollar bill
Founding Father Benjamin Franklin has been featured on the obverse of the bill since 1914,[3] which now also contains stylized images of the Declaration of Independence, a quill pen, the Syng inkwell, and the Liberty Bell.However, a 2018 research paper by the Federal Reserve Bank of Chicago estimated that 80 percent of $100 bills were in other countries.[6] (approximately 7.4218 × 3.125 in ≈ 189 × 79 mm) (6.14 × 2.61 in ≅ 156 × 66 mm) On July 14, 1969, the Federal Reserve announced that the large denominations of United States currency would be withdrawn from circulation; banks were instructed to return any notes received or deposited larger than $100 to the United States Treasury.Quoting T. Allison, Assistant to the Board of the Federal Reserve System in his October 8, 1998, testimony before the U.S. House of Representatives, Subcommittee on Domestic and International Monetary Policy, Committee on Banking and Financial Services: There are public policies against reissuing the $500 note, mainly because many of those efficiency gains, such as lower shipment and storage costs, would accrue not only to legitimate users of bank notes but also to money launderers, tax evaders and a variety of other lawbreakers who use currency in their criminal activity.While it is not at all clear that the volume of illegal drugs sold or the amount of tax evasion would necessarily increase just as a consequence of the availability of a larger dollar denomination bill, it no doubt is the case that if wrongdoers were provided with an easier mechanism to launder their funds and hide their profits, enforcement authorities could have a harder time detecting certain illicit transactions occurring in cash.