Chris Evan
Further, the U.S. was the surety of United StatesNotes, while the issuing state or federal banks were the surety for their own currencies. The U.S. Proved to be terrible with money, so the Federal Reserve holds all the USNs (31 USC 5115 from the National Bsnking Act of 1864), gold (allegedly), and silver (allegedly). They are the trustees of the monetary system here because the surety is in RECEIVERSHIP.