Personal Finance & Education Information

The Federal Reserve Bank of Chicago is committed to educating consumers about financial issues relevant to them.

ABCs of Figuring Interest
Learn how interest is calculated, what the difference is between simple and compound interest, and whether repaying a loan early saves you money.

Controlling Interest
Interest rate ceilings can have unintended consequences. Check out the economic theory behind the arguments for and against usury ceilings.

Credit Guide
Learn how to use credit wisely, avoid hazards, and deal with problems if they come up.

Electronic Money
Learn about different types of electronic payment systems and the future of electronic money.

The Fed: Our Central Bank
Get an overview of the Federal Reserve and how it affects you.

How to Budget & Save
Learn to manage your money better by following a few simple steps.

Money Matters
Review the history of money.

Points of Interest
Learn what factors determine interest rates.

Purchase Options for Consumers
Review the advantages and disadvantages of different kinds of payments.

Strong Dollar, Weak Dollar
Explore how the U.S. dollar and foreign currencies affect each other and how their interaction affects you and the economy.

What You Should Know About Internet Banking
Review information on banking options, different types of online banking, services and advantages, privacy issues, security, regulations that protect consumers, and filing a complaint against a financial institution.