Fed Reserve: Redesigned $100 bill to hit circulation in October

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The Federal Reserve announced Wednesday that it will introduce a redesigned $100 bill into circulation beginning this October, more than two years later than expected.

The redesigned note had added security features to protect against counterfeiting, such as a blue, 3-D security ribbon and a disappearing Liberty Bell in an inkwell, Fox News reports.

The bill had been expected to go into circulation in February 2011. But officials announced they needed more time to fix production issues that left unwanted creases in many of the notes, Fox News reports. The new target date is Oct. 8.

“We made numerous process changes to address the creasing issue and we are back in full production,” said Dawn Haley, a spokeswoman for the Bureau of Engraving and Printing.

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