During this timeframe, they produced 100-"peso" banknotes featuring the lamb, Puerto Rico's official emblem. The bank was inaugurated on February 1, 1890, with Juan Róspide y Navarro and José Manuel López Sainz as governor and vice governor respectively. The Royal Decree permitted the issuing of paper money in denominations of 5, 10, 20, 50, 100 and 200 "pesos". These banknotes were manufactured by the American Bank Note Company. The original bank was located in San Juan, with a second one being established in Mayagüez in 1894. Until 1898, the institution issued four series A, B, C and D, though apparently C was put into production after D and didn't circulate under Spanish control. Series D began distribution on December 1, 1894; this became the first time that the lamb, which had continued being used since the days of the "Sociedad Anónima de Crédito Mercantil de Puerto Rico", was replaced by the profile of Maria Christina of Austria. The Ministerio de Ultramar issued 1 "peso" notes in 1895.