It was indicated in Sect. 2.2 that oversampled perfect reconstruction (PR) filter banks generate specific types of frames in the signal space. In this chapter, a family of tight and semi-tight frames is presented. The three-and four-channel filter banks that generate the framed originate from polynomial and discrete splines. Those frames have properties, which are attractive for signal processing, such as symmetry, interpolation, flat spectra. These properties are combined with fine time-domain localization and efficient implementation. This family includes framelets, that have any number of discrete vanishing moments. Non-compactness of their supports is compensated by exponential decay of the framelets as time tends to infinity.Recently, frames or redundant expansions of signals have attracted considerable interest from researchers working in signal processing although one particular class of frames, the Gabor systems, has been applied and investigated since 1946 [12]. As the requirement of one-to-one correspondence between the signal and its transform coefficients is dropped, there is more freedom to design and implement frame transforms. Frame expansions of signals demonstrate, for example, resilience to quantization noise and to coefficients losses [13][14][15]. Thus, frames may serve as a tool for error correction of signals that are transmitted through lossy/noisy channels. Recently, over-complete representations of signals were applied to image reconstruction [6,7]. Combination of wavelet frames with the Bregman iterations techniques [3,21] impacted the image processing applications such as deconvolution, inpainting, denoising, to name a few [4,5,10,19,20]. A few examples of images restoration from incomplete corrupted data are given in Volume I [2].In some applications, it is important to have compactly supported framelets, which are provided by filter banks with FIR filters. However, it is proved in [17] that a 3-channel filter bank with linear phase interpolating filters can only produce a tight frame whose high-frequency framelets have two and one vanishing moments. However, it is possible to construct a variety of compactly supported interpolating symmetric semi-tight frames, as they are called, with an increased number of vanishing moments. Addition of one more channel to the filter bank makes it possible to construct a compactly supported interpolating symmetric tight frame [8]. We provide examples of compactly supported symmetric tight frames which are based on quasi-interpolating splines and on the so-called pseudo-splines [11]. Framelets that