Fed Shreds are a nickname of banknotes that the United States government finds unfit to be kept in circulation, often due to bad condition. After the currency is shredded, the remains are usually disposed of in landfills, but sometimes are sold to individuals and businesses in shredded form as a type of souvenir or novelty item.
- ↑ "FED". http://www.newyorkfed.org/aboutthefed/fedpoint/fed11.html. Retrieved 2006-08-21.