Thursday, March 25, 2010

Chicago Mercantile Exchange - Federal Bank

There are 12 federal banks in the US.
Here is a list of all 12.
We toured the museum of the Federal Reserve Bank of Chicago.
They had lots on display, including a $10,000 bill, a $5,000 bill as well as a lot of old coins.
Being a finance guy, J loved the information. J also has a coin collection and it was fun to see some rare coins.

They had a display to see if you could recognize counterfeit bills.
J got every one right.
$1,000,000.00
The souvenir....I wish I could have taken home!

Each state has a representative that reports to one of these 12 federal banks. Pappy, J's Grandfather, was the President of the Salt Lake Branch that reports to the
Federal Reserve Bank of San Francisco.
J definitely has a love for investments and finance in his blood. Perhaps he gets it from his Grandfather, Pappy.


We also visited the
Chicago Mercantile Exchange.
Trading is no longer done in Chicago, however Chicago is where a lot of the trading started with eggs and butter. There is a neat museum with a lot of information. J was in financial heaven and explained a lot of things to me. I think I finally understand "futures".'
I love having a smart husband who understands and appreciates the financial world.



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