For immediate release

The Federal Reserve Board today announced the availability of a video designed to assist individuals with their saving and investing. This videotape is a by-product of a live teleseminar entitled "It's Your Money", which aired on November 9, 1996 and was jointly sponsored by the Board and the Securities and Exchange Commission. The hour-long program, designed to give individuals from all age groups basic information about the saving and investing process, featured key federal financial regulators such as Alice Rivlin, Vice Chair of the Federal Reserve Board, and Arthur Levitt, Chairman of the Securities and Exchange Commission. In addition, a group of experts lent their expertise to this effort. The group of experts included: Kelvin Boston, author of Smart Money Moves for African Americans Thomas Jones, Vice Chairman and President of TIAA-CREF Beth Kobliner, author of Get a Financial Life Tyler Mathisen, Executive Editor of Money magazine Grace Weinstein, author of The Lifetime Book of Money Management The live program was made available to community colleges, cooperative extension services, and private business networks. In addition, the program was provided free of charge to public access, cable, and PBS stations throughout the country. Through these distribution outlets, the teleseminar had a potential audience of 32 million households. During the course of the program, some of the basic information discussed included tips on how to save given a limited budget; some of the best investment choices; how to hedge against inflation; how to avoid risk; the importance of saving early and the benefits of compounding.

1997 Other announcements