Our Education Advisory Group 2015

We’re delighted to have brought our Education Advisory Group for 2015 on board!  Twenty-two teachers from diverse personal and professional backgrounds will be with us through November, and their work will include providing feedback on content ideas, teaching activities, SF Fed economic education resources, the use of technology, and best practices related to teaching about the Federal Reserve and the U.S. economy.


17 of our 22 EAG 2015 members

The group includes five community college and seventeen high school educators from both public and private schools with 1 to 24 years of experience teaching economics (of course!), government, business, marketing, and mathematics.  There is representation from nearly all states in the 12th District.

Early last month, the EAG kicked off their work by attending a professional development conference at our Head Office in San Francisco.  The conference agenda included an in-depth discussion on the purposes and functions of the Fed, an economic outlook from Senior Outreach Economist Liz Laderman, and a tour of cash operations, the Fed Center, and our American Currency Exhibit.

The group also dove into economic education content with a feedback and brainstorming session around our soon-to-be-launched Chair the Fed game on monetary policy (currently known as The Fed Chairman Game).

All that serious learning and hard work was capped off with a lively networking reception so that everyone could get to know their fellow EAG members and the SF Fed Econ Ed staff!

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College and Career Readiness Theme for Financial Education Day

Karen Schwartz-Decker from our communications group contributed to this post.

_IMG_9260Last week, almost 100 students and their teachers from five Bay Area high schools and one adult school convened at the San Francisco Fed to learn about the importance of personal finance skills in planning for college and careers. This was the second annual Federal Reserve Financial Education Day, which was established as a day of workshops at Feds around the System to provide tools for making wise choices when investing in education and planning for the future. The SF Fed Economic Education Group hosted the event.

_IMG_9222In a series of morning breakout sessions, the students participated in a hands-on personal finance workshop facilitated by Lorraine Thayer and learned about the purposes and functions of the Fed from Steven Fisher. They also attended a session to learn about ways of financing college though scholarships.  The presentation was delivered by Rema Oxandaboure, but was developed by Joel Bervell, a Yale undergraduate from Seattle who collected over $200,000 in scholarships before graduating from high school.

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Girl Scouts visit Phoenix Processing Center

2014.07.30Phoenix-GirlScouts-tour-launch2Just a quick post today to share a photo of Troop 966 (Peoria, AZ) from the Girl Scouts Arizona Cactus-Pine Council, along with representatives of our Fed outreach team.  These young women visited the SF Fed Phoenix Processing Center over the summer and got hands-on practice with personal finance by calculating income and creating a budget, along with learning how to save towards financial goals.

The Girl Scouts also viewed our cash operations and saw the coin and cash supply for the state of Arizona, while learning about the life cycle of cash in the U.S. A treasure hunt for piggy bank souvenirs completed their visit.

If you know an Arizona Girl Scout troop that would like to participate in our Phoenix office’s Girl Scout VIP Pass program, see the flyer below for more information.

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Educators “Meet the Experts” in San Francisco

What happens when you mix brilliant economic minds and keen educators? An enthusiastic day of discussion, questions, professional development, and yes – even some fun! We recently hosted 70 educators from throughout the 12th District at our head office in San Francisco for Meet the Experts (MTE), a speaker series designed to provide secondary and post-secondary educators with an opportunity to interact with leaders from throughout the Bank.

MTE brand bannerWith MTE, our objective is to highlight emerging issues in the economy and foster greater understanding about the roles and responsibilities of the Federal Reserve. See how we strove towards that goal with the day’s agenda.  Remember to return to this blog in the following weeks as we’ll be providing tips for discussing this year’s MTE topics with your students.


Kevin Lansing presented on asset bubbles

The day started off with a dive right into economics content and a very timely topic: asset price bubbles. Kevin Lansing, Research Advisor for our Economic Research group, took the audience through a brief history of bubbles (notably the Tulip Mania bubble from 17th century Netherlands), then touched on three points that explain bubbles: forecasts based on past price movements, social dynamics and human emotion, and market structure. Kevin also discussed policy implications of lessons learned from price bubbles. His presentation slides are here.

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Future leaders hone leadership, financial literacy, resume and interview skills at the Fed

Students talk with Adrian Rodriguez and Susan Sutherland (SF Fed Senior VP, Equal Employment Opportunity, HR, Statistics, Director of the Office of Minority and Women Inclusion, and Seattle Branch Manager)We’ve been busy at the SF Fed’s Los Angeles Branch!  On Tuesday and Wednesday of last week, 96 youth from the Academy of Business Leadership (ABL) visited for sessions on mentoring, financial literacy lessons, and resume and job interview skills.

Thursday saw the arrival of 42 members from the Girl Scouts of Greater Los Angeles for a similar experience.  Both events were designed to develop leadership skills and to encourage careers in banking, business, finance, and economics.

In his welcoming remarks to the ABL audience, Roger Replogle, SF Fed Senior Vice President and Los Angeles Branch Manager, advised the young audience: “Learn to run to the fire – that’s where you find opportunity to grow, learn, and help.  Don’t look for the easy path.  Look for the hard one.”  He shared stories of successes and failures, both personal and professional, and lessons learned.

Lise Luttgens, CEO of the Girl Scouts of Greater Los Angeles, provided welcoming remarks for the Girl Scouts event and stressed that “gender is no barrier to financial literacy and independence.”

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Special upcoming event! Meet the Experts, August 15

Join us in San Francisco on August 15 for an exciting and unique opportunity! 

Meet the Experts is a speaker series designed to provide secondary and post-secondary educators with an opportunity to interact with leaders from throughout the Federal Reserve Bank of San Francisco. Our objective is to foster greater understanding about the roles and responsibilities of the Fed and to highlight emerging issues in the economy.

The event is a professional development opportunity that will bolster your knowledge about economics, and you will return to your students with fresh content and new teaching ideas.  Set yourself up for success in the upcoming school year and register today.

Confirmed speakers include:

2014-05-28 MTE-lineupJohn C. Williams, President and CEO of the SF Fed.  John is an expert on monetary policy and business cycles, and is a strong advocate for economic education.

Mark A. Gould, First VP and COO at the SF Fed.  Mark is responsible for all administration, operating, and financial services activities.  He is also product director of the Federal Reserve System’s Cash Product Office.

Mary C. Daly, Senior Vice President and Associate Director of Research at the SF Fed.  Mary specializes in labor markets, public economics, and social welfare.

Kevin Lansing,  Research Advisor, Federal Reserve Bank of San Francisco.  Kevin specializes in macroeconomics, monetary economics, and asset pricing.

This event is open to high school, community college, and university educators. Students in teacher education programs are also welcome to attend. There is no fee for this event.

We are still in the planning stages of this event, and details are subject to change.  Please check back for updates.  Last year’s agenda will give you an idea of the exciting and informative content that will be included in the day.

Register now! We look forward to having you join us.

Entrepreneurship, budgeting, and how to finance college

IMG_5063Last month, we had a great day of discussion on personal finance and entrepreneurship with nearly 400 amazing students from girls’ schools in Honolulu.  We ran three interactive sessions designed to introduce students to the topics of budgeting, learning how to finance college, and understanding the purposes and functions of the Fed.   The day was capped off with a panel discussion on entrepreneurial leadership.

Students from Honolulu’s La Pietra and Saint Andrew’s Priory joined their peers at Sacred Hearts Academy for the day, supported in part by the National Coalition of Girls’ Schools (NCGS).

Manage your money.  Don’t let it manage you.

Our session on personal finance stressed the importance of creating a budget, as well as the need to understand investment options, risk, and rates of return.  Young people need to be proactive instead of reactive with their money.   We used a modified version of this lesson plan during the session; feel free to download it and use it in your own classroom.

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