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Last Updated: 04/23/07

News Release

Federal Reserve Bank of Chicago and Money Smart Partner Organizations Announce April 30 Money Smart Week Kick-Off Breakfast

CHICAGO- (April 23, 2007) - The Federal Reserve Bank of Chicago, along with more than 200 partner organizations, will kick-off the sixth-annual Chicago Money Smart Week with a breakfast event at 8 a.m. Monday, April 30 at bank headquarters, 230 S. LaSalle Street. Money Smart Week runs through May 5. Members of the media are invited to attend. Please RSVP before Thursday, April 26 to Laura LaBarbera, (312) 322-2387.

Coordinated by the Federal Reserve Bank of Chicago and its partner organizations, Money Smart Week educates consumers about money management and generates awareness of financial education programs. Approximately 300 free classes, seminars and activities will be offered during Money Smart Week on topics such as budgeting and saving, using credit wisely, and financial education for children and teens.

The week will commence with the breakfast featuring a keynote speech from Mellody Hobson, president of Ariel Capital Management and a regular financial contributor on the "Good Morning America" TV show. In addition, the breakfast will feature:

  • Announcement of and award presentation to the "Money Smart Kid" - the winner of a high school essay contest intended to promote financial literacy among young people. Announcement of the prominent Chicago buildings that will be illuminated green - the color of money - during Money Smart Week to raise awareness of the importance of financial literacy.
  • Tours of the Chicago Fed.
  • Interviews with financial experts from partner organizations.
  • Appearance by "Ben Franklin" explaining the importance of financial education.

Classes and seminars during Money Smart Week 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.

"Money Smart Week continues to provide many different opportunities for people to learn about managing their personal finances," Chicago Fed President Michael Moskow said. "This year's calendar features numerous diverse events for a broad range of consumers. During this week, attendees will have many chances to learn where good personal finance information is available."

A sampling of classes includes:

  • "Emergency Financial Aid Kit" Seminar
  • "Financial Retirement and Estate Planning"
  • "Desperate Housewives in Transition"
  • "Educating teens about money and credit"

There will also be classes offered in Spanish, Arabic and Chinese. A complete calendar of events for this year's Money Smart Week is available on the Chicago Fed's Web site at www.moneysmartweek.org

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

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