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Why are the numbers on the back of your Social Security card associated with the Federal Reserve?
Wiki User
∙ 10y ago
The numbers on the back of your Social Security card are not associated in any way with the Federal Reserve. This is an internet myth.
The code is a "sequential control number," added during the original printing process, that can help track where and to whom a card was issued. The number is used to help determine whether a Social Security card is valid or fraudulent, to combat identity theft.
ANSWER: UMMMMM THE ANSWER ABOVE IS ABSOLUTELY FALSE. THE RED NUMBERS BEGINNING WITH A LETTER ON THE BACK OF YOUR SOCIAL SECURITY CARD ARE CALLED CUSIP NUMBERS. AND THEY ARE ACTUALLY USED FOR STOCK, CORPORATE, MUNICIPAL, TREASURY AND BONDS TRADING ON FIDELITY WEBSITE. I WORK IN THAT FIELD. AND YOU CAN ACTUALLY PAY YOUR DEBT WITH YOUR SOCIAL SECURITY NUMBER. HOW DO I KNOW? BECAUSE I DO IT MONTHLY.
Wiki User
∙ 10y ago
Wiki User
∙ 13y agoNone. The code on the back of the card is a "sequential control number" that was placed one the large sheets of cards during the printing process. Each number is different, but indicates when and where the card originated, and can eventually be linked to person who applied for the card. This information is now being used to determine whether a card is valid or fraudulent, to help combat identity theft.
For more information, see Related Questions, below.
Wiki User
∙ 10y agoThe red numbers on the back of a social security card are control numbers that verify the authenticity of the card. They serve no other purpose.
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Does the routing Number to the federal reserve bank and the red Numbers on the back of your social security card be used to pay a Bill?
No. You cannot use random combinations of numbers to pay bills. That is nonsense. The red numbers on the back of a social security card are control numbers that verify the authenticity of the card. They serve no other purpose.
Does the routing number to the federal reserve bank and the red numbers on the back of your social security card be use to pay a bill?
No. You cannot use random combinations of numbers to pay bills. That is nonsense. The red numbers on the back of a social security card are control numbers that verify the authenticity of the card. They serve no other purpose.
Where is the FR number on a US silver certificate?
Silver certificates don't have Federal Reserve letters or numbers because they were issued directly by the Treasury, not through the Federal Reserve system.
Is there a website to enter the serial number of a bill to find the value of the currency?
Serial numbers are counters and security features, but don't help to ID a bill and rarely determine its value. What matters are: > The bill's date > Its seal color > Its condition > The letter, if any, next to the date > In some cases, the issuing Federal Reserve District if it's a Federal Reserve Note.
How do you figure out a social security number from the drivers license number?
Social security numbers are issued by the federal government, while driver's license numbers are issued by individual states. The two numbers have nothing in common.
What is the current value of a 500 Federal Reserve Note serial number B00412152A in fair condition?
Serial numbers are counters and a security feature but rarely help to ID a bill. Please post a new question with its date and what letter if any is next to the date.
What is the value of a 1929 ten dollar bill with red numbers issued from the federal reserve bank of new york?
10 dollars
What is the difference between a US Note and a Federal Reserve Note?
Federal Reserve Notes are obligations of the Federal Reserve System, the US central bank. The "Fed" is technically independent of the government so these bills are backed by the faith and credit of the bank rather than the US itself. United States Notes were obligations of the federal government itself. Like Federal Reserve Notes they are "fiat" money, but are backed by the faith and credit of the government rather than the central bank. In practice the two forms of currency were effectively interchangeable, so in the later 1960s the government stopped printing US Notes. Since then all US paper money has been issued through the Federal Reserve System. Starting with the 1928 series, both types of bills used almost identical designs. The most obvious difference is that US Notes had red seals and serial numbers while Federal Reserve Notes use the familiar green color. Also, Federal Reserve Notes have an indication (number and/or letter) of which Fed district distributed them. That feature was absent on US Notes because they weren't associated with any Fed districts.
What bank has routing number 05400030?
This corresponds to PNC in Pittsburgh, PA. The Federal Reserve System maintains a publicly accessible list of these numbers.
Why does FAFSA ask for social security numbers?
FAFSA asks for social security numbers to verify the identity of the individuals applying for financial aid. The social security number is also used to match the FAFSA application with the Federal Student Aid records. This helps ensure the accuracy of the information provided and prevents fraud or misuse of federal financial aid funds.
What is the value of a 1963 five dollar bill?
There were 2 different kinds of $5 bill with that date. US Notes have red seals and serial numbers, and the words UNITED STATES NOTE across the top. Federal Reserve Notes have green seals and serial numbers, and the words FEDERAL RESERVE NOTE across the top. Please see the related questions for whichever type of bill you have.
What is special about a 1963 US 5 dollar bill with red serial numbers and seal?
Nothing in particular, except that it's an example of a United States Note, a form of currency that was introduced in 1862 and discontinued in the late 1960s. US Notes were issued directly by the Federal Government instead of through the Federal Reserve System (the central bank). They were completely interchangeable with Federal Reserve Notes, so production was consolidated to save printing costs. All US paper currency is now issued by the Federal Reserve.
