Financial Literacy, Financial Education and the Federal Reserve: Strategies for Success

About the Conference

The Federal Reserve System has a long-standing commitment to promoting financial literacy, and we devote considerable resources to helping consumers educate themselves about their financial options. Consumers who know what questions to ask are considerably better able to find the financial products and services that are right for them.

—Federal Reserve Chairman Ben Bernanke, April 17, 2009

 

The 12 regional Federal Reserve Banks and the Board of Governors play an important role in providing accurate and unbiased economic and financial information. There is a great deal of variety of how individual reserve banks design and implement their economic and financial education programs, the individuals they target and the organizations that they partner with.

 

The goal of this conference was to bring individuals within the Federal Reserve System who have an interest in economic and financial education together with researchers and representatives of partner organizations to do three things:

  1. Share strategies for designing successful programs and partnerships in financial literacy and financial education
  2. Discuss research that evaluates the effectiveness of financial education and counseling
  3. Learn from partners about what works and what could be improved

 

After the Conference ...

Following the conference, attendees will receive a complimentary DVD with the entire day's presentations, including question and answer sessions. If you cannot attend the conference, but are interested in receiving the DVD, please contact Sandy Schneider via e-mail and include your name, affiliation and address.

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09/11/09
7:30 AM
Registration and Continental Breakfast
8:30 AM
Opening Remarks
  • Remarks at Conference on Successful Strategies for Financial Literacy and Education
Charles L Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago
8:45 AM
Strategies for Success: Federal Reserve Bank Perspectives
Moderator
Doug Tillett, Federal Reserve Bank of Chicago
Panelists
Joy Hoffmann, Federal Reserve Bank of San Francisco
Jane Katz, Federal Reserve Bank of New York
Bobbie McCrackin, Federal Reserve Bank of Atlanta
Rose Pianalto, Board of Governors of the Federal Reserve System
10:30 AM
Break
10:45 AM
Evaluating Success: Research Perspectives
Moderator
Dan Aaronson, Federal Reserve Bank of Chicago
Gene Amromin, Federal Reserve Bank of Chicago
Sumit Agarwal, Federal Reserve Bank of Chicago
Itzhak Ben-David, Ohio State University
Souphala Chomsisengphet, Office of the Comptroller of the Currency
Douglas Evanoff, Federal Reserve Bank of Chicago
Stephan Meier, Columbia University
Charles Sprenger, University of California, San Diego
  • The Impacts of Mandatory Financial Education: Field Study
J Michael Collins, University of Wisconsin
Bob LaLonde, Harris School, University of Chicago
12:15 PM
Lunch and Speaker
Jeroo Billimoria, Executive Director, Aflatoun
1:30 PM
Update on the U.S. Treasury's Financial Education Initiatives
Michelle Greene, Deputy Assistant Secretary for Financial Education, U.S. Department of the Treasury
2:00 PM
Strategies for Success: External Perspectives
Moderator
Jeanne Hogarth, Board of Governors of the Federal Reserve System
Panelists
Angela Lyons, University of Illinois, Champaign–Urbana
Sharon Laux, University of Missouri–St. Louis
Sean Macken, Waddell and Reed
David Marzahl, Center for Economic Progress
3:15 PM
Closing Remarks
Anna Paulson, Federal Reserve Bank of Chicago
3:30 PM
Conference Adjourns

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Federal Reserve Bank of Chicago conference summary documents


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