Conversations with the Fed: The Federal Reserve Act

Why was the Federal Reserve formed 100 years ago? Are you curious about the evolution of the Fed’s roles and responsibilities over time? Ever wonder how the Federal Reserve Bank cities were chosen? What exactly does the Federal Reserve Act say about the Fed’s roles in areas like monetary policy, discount window lending, and banking supervision? And what part does the Helena Branch play in fulfilling the responsibilities of the Federal Reserve? For answers to these questions and more, join Federal Reserve Bank of Minneapolis General Counsel and Corporate Secretary Niel Willardson at the Helena Branch of the Federal Reserve Bank of Minneapolis on August 5 for an educational presentation on the Federal Reserve Act in commemoration of the Fed’s Centennial.

Click here for a sneak preview of Niel’s presentation.

Prior to Niel’s presentation at 7:00 pm, there is an optional building tour:

6:00 pm Building Tour Participants will view the Bank’s collection of Montana art, enjoy historical exhibits and will also visit the Cash area. While the Cash department will not be operational at this time, the tour concludes with an informative video of the Cash operations.

August 5 7:00 pm Register here
The event is free, but seating is limited. Those interested in attending must register for the event. Walk-in visitors will not be accepted. Doors for the event will open at 5:45 pm. If you plan to attend the tour, please arrive by 6:00 pm.

Register here

Mobilizing Our Community in Support of Veterans – Two Symposiums

At two free educational symposiums in Billings and Helena, the Montana Military Alliances brings together non-military groups,  supporting organizations, non-profits, and agencies to increase their engagement with the Military population.

Montana AOS Symp Billings 12 August 2014

Montana AOS Symp Helena 15 August 2014

Montana is home to over 100,000 Veterans and thousands are reintegrating this year.  These free, one-day events feature special presentations, interactive activities and breakout sessions from organizations already supporting Montana’s military community.

The day features topical breakout sessions on behavioral health, faith, legal and financial topics relating to military and veterans.  “Where do we go from here?” is answered in a group activity, designed to help communities serve the needs of this significant population.

Organizations wanting to serve this population are encouraged to attend, or contact  Sheila Warner with questions.

Eat Green, Save Green

by Jean Chatzky

An apple a day keeps the doctor away, and a carrot a day will keep spending at bay. Or make that any vegetable, really. As DailyFinance reports, eating greens saves you green. The reader’s digest version: Invest in your health now so that you’re not paying astronomical prices for health-related issues in the future. But also save money now by buying veggies over other food staples that are donning higher price tags (i.e. beef, pork, and coffee). For lower prices on produce, shop locally, buy seasonally and don’t fear the freezer. Buy in bulk, chop and freeze. Maybe even consider growing your own.

Read more wisdom from Jean Chatzky at her blog This Week in Your Wallet.

Is College Worth It? Clearly, New Data Say

Some newly minted college graduates struggle to find work. Others accept jobs for which they feel overqualified. Student debt, meanwhile, has topped $1 trillion.

It’s enough to create a wave of questions about whether a college education is still worth it.

A new set of income statistics answers those questions quite clearly: Yes, college is worth it, and it’s not even close. For all the struggles that many young college graduates face, a four-year degree has probably never been more valuable.

The pay gap between college graduates and everyone else reached a record high last year, according to the new data, which is based on an analysis of Labor Department statistics by the Economic Policy Institute in Washington. Americans with four-year college degrees made 98 percent more an hour on average in 2013 than people without a degree. That’s up from 89 percent five years earlier, 85 percent a decade earlier and 64 percent in the early 1980s.

Read David Leonhardt’s full article from the NY Times here.