§ 5115. United States currency notes

• (a) The Secretary of the Treasury may issue United States currency notes. The notes—
  • (1) are payable to bearer; and
  • (2) shall be in a form and in denominations of at least one dollar that the Secretary prescribes.
• (b) The amount of United States currency notes outstanding and in circulation—
  • (1) may not be more than $300,000,000; and
  • (2) may not be held or used for a reserve.