Franklin's Makeover Reveal Put on Hold by Gaffe

The bills have been redesigned with sophisticated elements aimed at thwarting counterfeiters. The Federal Reserve said the release will be delayed until the problem is resolved, and a new date will be announced as soon as possible.

According to the central bank, the sporadic creasing that occurred in initial press runs for the new $100 bill had not been evident during pre-production testing of the new bills.