Fr. 851a. 1914 $5 Federal Reserve Note. New York. PMG About Uncirculated 55. The Federal Reserve Note series began in 1914, and initially appeared with Red Seals. These were shortly changed to Blue Seals, and then to Green with the advent of the Series 1928 Small Size notes. This White-Mellon issue dates from the 1920s and is almost indistinguishable from new.