federal reserve

10 fun Federal Reserve facts

10 fun Federal Reserve facts © Dgrilla/Shutterstock.com

10 fun Federal Reserve facts © Shutterstock.com

Fact No. 1:

A Federal Reserve note has a life expectancy of:

  • $1 bill: 22 months.
  • $5 bill: 2 years.
  • $10 bill: 3 years.
  • $20 bill: 4 years.
  • $50 bill: 9 years.
  • $100 bill: 9 years.

Coins usually circulate for 30 years.

Sources: The Children's Museum of Indianapolis, U.S. News & World Report, FDIC.gov, Bloomberg Businessweek, Yahoo! and Babson College Finance Professor John C. Edmunds, CNBC, Federal Reserve Bank of Minneapolis, Sverigas Riksbank.


10 fun Federal Reserve facts © Shutterstock.com

Fact No. 2:

Ben Bernanke, Fed chairman from 2006 to 2014, taught himself calculus in high school and also achieved a near-perfect SAT score of 1590.

Sources: The Children's Museum of Indianapolis, U.S. News & World Report, FDIC.gov, Bloomberg Businessweek, Yahoo! and Babson College Finance Professor John C. Edmunds, CNBC, Federal Reserve Bank of Minneapolis, Sverigas Riksbank.


10 fun Federal Reserve facts © Shutterstock.com

Fact No. 3:

Former Fed Chairman Alan Greenspan has a poorly veiled tic in his right eyebrow. Investors measured how high he raised it while talking, saying it was a better indicator of whether interest rates were going up.

Sources: The Children's Museum of Indianapolis, U.S. News & World Report, FDIC.gov, Bloomberg Businessweek, Yahoo! and Babson College Finance Professor John C. Edmunds, CNBC, Federal Reserve Bank of Minneapolis, Sverigas Riksbank.


10 fun Federal Reserve facts © Shutterstock.com

Fact No. 4:

Janet Yellen, who took the helm at the Fed in January 2014, is married to Nobel Prize-winning economist George Akerlof. They fell in love over conversations in the Fed's cafeteria.

Sources: The Children's Museum of Indianapolis, U.S. News & World Report, FDIC.gov, Bloomberg Businessweek, Yahoo! and Babson College Finance Professor John C. Edmunds, CNBC, Federal Reserve Bank of Minneapolis, Sverigas Riksbank.


10 fun Federal Reserve facts © Shutterstock.com

Fact No. 5:

The Federal Reserve Bank of Minneapolis distributes, receives and processes $95 million per day and destroys about $5 million of unfit currency.

ADVISER SEARCH: Find a financial adviser today.

Sources: The Children's Museum of Indianapolis, U.S. News & World Report, FDIC.gov, Bloomberg Businessweek, Yahoo! and Babson College Finance Professor John C. Edmunds, CNBC, Federal Reserve Bank of Minneapolis, Sverigas Riksbank.


10 fun Federal Reserve facts © Shutterstock.com

Fact No. 6:

The Federal Reserve gets social: It began holding press conferences in April 2011 and also maintains a YouTube channel, Twitter account and iPad app.

Sources: The Children's Museum of Indianapolis, U.S. News & World Report, FDIC.gov, Bloomberg Businessweek, Yahoo! and Babson College Finance Professor John C. Edmunds, CNBC, Federal Reserve Bank of Minneapolis, Sverigas Riksbank.


10 fun Federal Reserve facts © Shutterstock.com

Fact No. 7:

Sweden's central bank, Sveriges Riksbank, is believed to be the world's oldest, forming in 1668, making it 245 years older than the U.S. Federal Reserve.

Sources: The Children's Museum of Indianapolis, U.S. News & World Report, FDIC.gov, Bloomberg Businessweek, Yahoo! and Babson College Finance Professor John C. Edmunds, CNBC, Federal Reserve Bank of Minneapolis, Sverigas Riksbank.


10 fun Federal Reserve facts © Shutterstock.com

Fact No. 8:

There are 12 Federal Reserve District Banks, but only one state has 2 banks. Missouri is home to the Fed banks in St. Louis and Kansas City.

Sources: The Children's Museum of Indianapolis, U.S. News & World Report, FDIC.gov, Bloomberg Businessweek, Yahoo! and Babson College Finance Professor John C. Edmunds, CNBC, Federal Reserve Bank of Minneapolis, Sverigas Riksbank.


10 fun Federal Reserve facts © Shutterstock.com

Fact No. 9:

The Fed decides how much money should be printed annually. In 2010, $974 million was printed. In contrast, $30 billion of Monopoly board-game money is printed each year.

Sources: The Children's Museum of Indianapolis, U.S. News & World Report, FDIC.gov, Bloomberg Businessweek, Yahoo! and Babson College Finance Professor John C. Edmunds, CNBC, Federal Reserve Bank of Minneapolis, Sverigas Riksbank.


10 fun Federal Reserve facts © Shutterstock.com

Fact No. 10:

Sheila Bair, former Federal Deposit Insurance Corp. chairwoman who worked closely with the Fed, wrote children's books about personal finance -- "Rock, Brock, and the Savings Shock" and "Isabel's Car Wash."

Sources: The Children's Museum of Indianapolis, U.S. News & World Report, FDIC.gov, Bloomberg Businessweek, Yahoo! and Babson College Finance Professor John C. Edmunds, CNBC, Federal Reserve Bank of Minneapolis, Sverigas Riksbank.

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