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Board of Governors of the Federal Reserve System
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Report to the Congress on the Office of Minority and Women Inclusion

Financial Literacy Activities

During 2015, the Board participated in community and system outreach events and programs. Examples are listed below.

  • FedEd Program: Throughout 2015, research assistants from the Board continued to give presentations on personal finance and the role of the Federal Reserve System in the economy to local high schools. As in previous years, presentations included topics such as budgeting, saving, banking, taxes, credit, long-term financial planning, and how the Federal Reserve affects the economy. Additionally this year, in order to strengthen ties with community partners and enhance the effectiveness of the financial literacy lessons, there was an increased focus on giving multiple financial literacy presentations to the same classrooms over the course of a semester. As a result, 17 presentations were given to 115 students at four area high schools. In the District of Columbia, presentations were given at Anacostia High School, McKinley Technology High School, and Luke C. Moore Academy. In Virginia, presentations were given at Woodgrove High School.
  • Congressional Black Caucus Foundation Annual Legislative Conference: The Board, representing the Federal Reserve System, sponsored a booth at the 45th Annual Legislative Conference. The conference was held from September 17-19 in Washington, D.C. Financial education information and materials were distributed to approximately 500 conference attendees.
  • Education and training materials distribution: During 2015, the Board continued to provide financial literacy materials to school systems, local governments, and consumer and financial literacy educators. Materials were distributed to the Office of Minority Achievement of the Arlington Public School System, the Defense Security Service, and Advance Junior Development, Incorporated.
  • Math x Economics: The Board hosted the fourth annual Math x Economics program on December 3, 2015. The goal of the program is to introduce students to economics as a potential course of study in college, and as a future career option. Recruitment efforts targeted groups who are underrepresented in the field of economics, including minorities and females, especially from underserved communities. Forty students from the Washington, D.C., metropolitan area accepted the invitation to participate, with a total 31 students (75 percent) actually attending. Five educators also attended the program. The program was well-received by the participants: students who attended completed a survey at the end of the program to offer feedback, and all respondents indicated they would recommend the program to other students. Demographic profiles of the student attendees are shown in table 7.

Table 7. Math x Economics program attendee distribution

Participants Percent
Female 66
Male 34
Juniors 20
Seniors 80
African American 22
Hispanic 18
Asian 28
White 17
Did not specify ethnicity 15

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Last update: May 9, 2016