Large denomination bills in US currency

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Today, the currency of the United States of America, contains bills in denominations of $1, $2, $5, $10, $20, $50, and $100.

Until 1946, however, it contained five larger denominations. They are:

$500 bill: featured a portrait of William McKinley
$1000 bill: featured a portrait of Alexander Hamilton from 1918 to 1928, and Grover Cleveland from 1928 to 1946
$5000 bill: featured a portrait of James Madison
$10,000 bill: featured a portrait of Salmon P. Chase
$100,000 bill: featured a portrait of Woodrow Wilson (This bill was never put into general circulation; it was intended for internal governmental transactions only.)

For the most part, these bills were used by banks and the Federal Government for large financial transactions. However, electronic transactions made it obsolete to use cash for these large transfers.

Differences

Some differences between today's bills and these large bills are:

These bills have not been printed since 1946.
On today's bills, the backs have special designs of scenery and landmarks; on these bills, there are just ornamental, geometric designs, and the numerical denomination.
They had the words "Will pay to bearer on demand" before their denominations.
Today's bills say "This note is legal tender for all debts; public and private", but the larger bills have the following extra text: "...and is lawful currency at the United States Treasury or at any Federal Reserve Bank."

External links

http://www.currencygallery.org/denoms/500dollar.htm
http://www.currencygallery.org/denoms/1000dollar.htm
http://www.currencygallery.org/denoms/5000dollar.htm
http://www.currencygallery.org/denoms/10000dollar.htm