Cleveland Fed and Cleveland School of the Arts Showcase "Money as Art" on October 23, Financial Education Day

In early October, representatives from the Federal Reserve Bank of Cleveland’s Learning Center and Money Museum asked a group of Cleveland School of the Arts students to create pieces of art from an unusual commodity – shredded currency.

On Wednesday, October 23, at 10:00 am, Bank representatives will visit the school on Cleveland’s east side to view the “Money as Art” project and to share some “Financial Fundamentals from the Fed.” News media are invited to attend the 10 am program at the Cleveland School of the Arts, located at 10700 Churchill Road in Cleveland (44106).

After the 23rd, the public is invited to view the artwork, which will be on display at the Cleveland Fed’s Learning Center and Money Museum during normal museum hours.

“Money as Art” is one of a number of programs being hosted on Wednesday by Fed offices nationwide as part of the Federal Reserve’s Financial Education Day, designed to highlight the importance of financial education to the nation’s economic health.

“Financial education supports not only individual well-being but also the economic health of our nation,” says Federal Reserve Chairman Ben Bernanke. “Effective financial education is not just about teaching students about financial products or performing financial calculations. It also involves teaching them the essential skills and concepts they will need to make major financial choices.” Also see a related speech by Chairman Bernanke.

The Federal Reserve Bank of Cleveland's Learning Center and Money Museum is open Monday through Thursday, 10 a.m. to 2 p.m., except holidays. Visitors can check out the 25 interactive exhibits and displays, focused on what gives money value. And through the end of January, visitors can view "Propaganda and Patriotism: The Art of Financing America's Wars," a special exhibit built around the Bank’s collection of vintage War Bond posters which, coincidentally, have endured as an art form.

The Learning Center and Money Museum is located inside the Federal Reserve Bank of Cleveland, 1455 East Sixth Street, in downtown Cleveland. Admission is free!

For more information, visit www.clevelandfed.org or follow the Learning Center on Twitter @CleveFed_LC.