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Last Updated: 04/18/06

News Release

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

The Federal Reserve Bank of Chicago and more than 150 partner organizations announced today that the fifth-annual Chicago Money Smart Week will be held May 1-6.

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 create awareness of financial education programs on a wide range of topics such as saving, using credit wisely and financial education for youths.

More than 250 free classes, seminars and activities will take place during Money Smart Week. The educational activities will be carried out by more than 150 local community groups, finanical institutions, not-for-profit organizations, businesses, schools, libraries, local and national government agencies and media personalities.

"This year's Money Smart Week has our greatest number of events to date, offering something for people of all ages and personal finance needs," said Chicago Fed President Michael Moskow. "We look forward to having Chicago-area consumers and children taking part."

Classes this year include instruction on:

Managing finances for first-time home buyers
Preparing for estate planning
Teaching personal finance to women
Educating teens about credit

There will also be classes offered in Spanish, Korean and Chinese. Other highlights of Money Smart Week include Operation Greenlight, which will involve more than 10 prominent downtown buildings lighting their exterior green--for money--in support of the week. On May 1, the winner of the Money Smart Kid contest will be announced at a kick-off breakfast.

A calendar of events for this year's Money Smart Week is available on the Chicago Fed's Web site at http://www.chicagofed.org/moneysmart

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Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

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