In Brief

The Federal Reserve Bank of Chicago and more than 200 partner organizations are sponsoring the eighth-annual Chicago Money Smart Week to be held April 18-25.

Last Updated: 04/09/09

News Release

Federal Reserve Bank of Chicago and Money Smart Partner Organizations Announce Upcoming Money Smart Week

CHICAGO — The Federal Reserve Bank of Chicago and more than 200 partner organizations are sponsoring the eighth-annual Chicago Money Smart Week to be held April 18-25.

Coordinated by the Federal Reserve Bank of Chicago and its partner organizations, Money Smart Week is designed to educate consumers about money management as well as generate awareness of financial education programs on topics such as saving, using credit wisely, and financial education for youth.

More than 450 free classes, seminars and activities will take place during Money Smart Week. The educational activities will be carried out by more than 200 local community groups, financial institutions, not-for-profit organizations, businesses, schools, libraries, local and national government agencies, and media personalities.

"We're proud of the fact that the Chicago Fed has been at the forefront of financial education for nearly a decade," said Chicago Fed President Charles Evans. "We are making available hundreds of educational offerings to help teach those in Chicago and outlying areas how to better manage their finances and navigate these tough financial times."

There will also be classes offered in a variety of languages. Other highlights of Money Smart Week 2009 include an essay contest for grade school students from fifth through eighth grade, programming for roughly 70,000 Chicago Public School students, savings bond raffles for adult participants, and added events in DuPage County and western suburbs.

Additional updated information is now available on the Chicago Fed's Web site at moneysmartweek.org

Federal Reserve Bank of Chicago Background

The Federal Reserve Bank of Chicago is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., make up the nation's central bank. The Chicago Reserve Bank serves the seventh Federal Reserve District, which encompasses the northern portions of Illinois and Indiana, southern Wisconsin, the Lower Peninsula of Michigan, and all of Iowa. In addition to participation in the formulation of monetary policy, each Reserve Bank supervises member banks and bank holding companies, provides financial services to depository institutions and the U.S. government, and monitors economic conditions in its District.