Capital Briefs: New C-Notes Expected to Hit Streets This Month

Bankers will get their first shipments of remodeled $100 bills on March 25, the Treasury Department and Federal Reserve Board said Monday.

The new bills, which feature a larger portrait and numerous anticounterfeiting devices, replace the standard $100 note. The old notes will not be recalled, although the Fed will replace them with the new bills as they wear out.

The Fed plans to distribute 80 million $100 bills this month, Fed Governor Susan M. Phillips said. "I am confident the transition will go as smoothly as humanly possible," she said.