Friday, June 1, 2007

Visiting a Financial Institution

The Federal Reserves job is to serve as the governments bank, supervise depository institutions, manage the nation's money supply, collect and process checks, supply cash to banks, wire money, security, and information, and to assist customers and the community. Around 200 trillion dollars are transfered over the fed wire network yearly.

This building houses the Money Museum. Exhibits in this museum demonstrate the history of money, American money and how it's changed over the years. It also dramatically displays $1,000,000,000,000 in several denominations. Above you can see our kids hugging a display of a million one dollar bills. And below Hannah sits on top of thousands of dollars in change.

Yes, the glass is all bullet proof!

Here, Sarah poses as Ben Franklin on the $100 dollar bill.
Well, at least she has the long hair!

It was a great trip! Near by is the Chicago Mercantile Exchange which we visited and learned much about its history. I recommend this field trip to anyone trying to encourage kids how to save for college, or any big event in their life. It will inspire them to save their own money to utilize these institutions for their benefit and knowledge.

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