Federal Reserve Bank of Chicago—Detroit Branch Announces Seventh Annual Michigan Money Smart Week
DETROIT-The Federal Reserve Bank of Chicago and more than 168 partner organizations announced today that the seventh-annual Michigan Money Smart Week will be held April 17-24.
During the week, more than 250 mostly free educational events will take place at various times and locations across the state. All will provide consumers with education on personal finance and money management. The classes will be on a variety of topics and will be carried out by members of the Michigan Money Smart Advisory Council (MAC).
“Michigan’s Money Smart Advisory Council continues to show great enthusiasm for this statewide personal finance initiative,” said Doug Tillett, Vice President, Public Affairs, Federal Reserve Bank of Chicago. “Providing more and better personal finance education to consumers throughout Michigan is vital to our effort to help mitigate the crisis in the financial services industry. With the commitment and hard work of the Michigan Money Smart Advisory Council, we look forward to another successful week.”
For the third time, the Michigan Jump$tart Coalition for Personal Financial Literacy will award a $1,000 scholarship to a middle school student through the Money Smart Junior Ambassador Contest. The scholarships are provided by Extra Credit Union and the Michigan Credit Union League.
And new for 2010, there will be a “Make Your Own Money” Bookmark Contest for elementary school children sponsored by the Michigan Jump$tart Coalition and the Federal Reserve Bank of Chicago – Detroit Branch.
For more information, please visit moneysmartweek.org/Michigan or call the Money Smart Week Hotline at 1-877-MNY-SMRT (1-877-669-7678).
The Federal Reserve Bank of Chicago promotes financial education by helping coordinate Money Smart Weeks in Michigan as well as in Illinois, Indiana, Iowa and Wisconsin.
Federal Reserve Bank of Chicago Background
The Federal Reserve Bank of Chicago is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., make up the nation’s central bank. The Chicago Reserve Bank serves the seventh Federal Reserve District, which encompasses the northern portions of Illinois and Indiana, southern Wisconsin, the Lower Peninsula of Michigan, and all of Iowa. In addition to participation in the formulation of monetary policy, each Reserve Banks supervises member banks and bank holding companies provide financial service to depository institutions and the U.S. government, and monitors economic conditions in its District.