Federal Reserve Bank of Chicago image

Federal Reserve Bank of Chicago

Museum Financial institution Federal reserve bank

Visitor center at the Federal Reserve Bank, offering educational, kid-friendly displays about money. People often mention money, free, museum, Federal, Reserve, Chicago, Bank, inflation, history, shredded,


Address

230 S La Salle St, Chicago, IL 60604, United States

Website

www.chicagofed.org

Contact

+1 312-322-5322

Rating on Google Maps

4.60 (664 reviews)

Open on Google Maps

Working Hours

  • Tuesday: 8:30 am to 5 pm
  • Wednesday: 8:30 am to 5 pm
  • Thursday: 8:30 am to 5 pm
  • Friday: 8:30 am to 5 pm
  • Saturday: Closed
  • Sunday: Closed
  • Monday: 8:30 am to 5 pm

Featured Reviews


Frequently mentioned in reviews: money (18) free (13) museum (10) Federal (9) Reserve (9) Chicago (8) Bank (8) inflation (8) history (8) shredded (7)
Reviews are sorted by relevance, prioritizing the most helpful and insightful feedback at the top for easier reference.
  • 5/5 C L. 7 years ago on Google
    At the Chicago Federal Reserve Money Museum you will see Counterfeit money, Confederate Currency, a $1000 bill, the Million Dollar Money Cube, and see so much more. Make money with your face on a dollar bill. When you are done, they will give you $360 in shredded money. It is totally free and open from 8:30 a.m. to 5:00 p.m., Monday through Friday. Don't miss this!
    6 people found this review helpful 👍

  • 5/5 Mona E. 1 year ago on Google
    February 2, 2023: Central Bank raised interest rates to 4.5%-4.75%, trying to curb inflation. The Central Bank is likely to raise interest rates again in May. February 3, 2023, President Biden is taking credit for putting more people back to work in the past two years. The fear associated with the Central Bank's manipulation of the market is likely to cause a recision in 2024. The Election cycle of 2024 moves into full gear in the summer of 2024; . And in addition, there is the possible risk that the incumbent President and his party face a loss for a second term in office. ______________________ December 29, 2022:. Employment remains strong which is bad news for inflation. The Federal Reserve will likely raise interest rates soon from 4.25% - 4.50%, and more this year to 5%. November 4, 2922:. Another 75 points added to the interest rate to stop inflation. Fears grow a 2023-2024 recession is coming. September 20, 2022:. Waiting for the next shoe to fall on Chairman Jay Powell's position on inflation tightening raising interest rates. Looks like Social Security Benefits aren't double digit anymore. Expect about 8.7%.
    3 people found this review helpful 👍

  • 5/5 Thomas R. 4 years ago on Google
    What a lovely experience in the federal reserve bank of Chicago. And it was free too. I learned a lot about the American note and it’s history. I particularly enjoyed the free photo print with the 1 million dollars. I highly recommend this attraction.
    3 people found this review helpful 👍

  • 1/5 Jonathan B. 1 year ago on Google
    Destroyed the American economy by ignoring its price stability mandate, and the most elementary principles of economics. Replaced the corrective function of the business cycle with permanent asset inflation. Priced small business out of access to commercial real estate store front, underwriting greater capital and business consolidation, and undermining competition. Ignored massive inflation by use of an illegitimate CPI measurement which obviously undercounts housing inflation. Priced young workers and families out of entire swaths of housing across desirable American geographies. Entrenched access to credit, and therefore existing capitalization, as the greatest criterion of success. This furthers capital consolidation and loss of competition. Suppressed wages by consolidating capital and policies supportive of monopolistic and oligopolistic distributions of market share across most sectors, thereby granting business more control over wages. No longer provides access to even copper coin money for private individuals as inflation has made the provision of true coin money unprofitable. Destroyed the US Dollar as a stable unit of account, and put US Dollar reserve currency status in an untenable position. Conspired to create a new serfdom in this land of the free.
    3 people found this review helpful 👍

  • 3/5 Rob S. 2 years ago on Google
    Just neutrally rating so I can make a note ... Super excited to check out the museum but it's temporary closed as of March 2022 due to covid. They're hoping to reopen this summer. So just double check that it's reopened before you visit. The security guard was nice and did still give us a small bag of shredded money.
    2 people found this review helpful 👍

  • 5/5 R L. 7 years ago on Google
    Very small museum Great staff and security Museums entry is free This museum is great for all ages This could be only one time in your life you get so close to see and touch one million dollar
    2 people found this review helpful 👍

  • 5/5 Harli T. 4 years ago on Google
    I wish there was more for younger kiddos, but it provided a nice respite from a cold day and we all learned something new! Super cute photo opportunities, including designing your own money! The kids loved that they could have a baggie of shredded money.
    1 person found this review helpful 👍

  • 4/5 J C. 4 years ago on Google
    My experience at the Federal Reserve Bank of Chicago was extraordinary. This museum is free of charge and no additional fee for entrance. The meanie is fairly small since it’s only on the first floor. If you want a brief description of what the Federal Reserve Bank of Chicago then this is a place to bring your family and kids. I enjoyed viewing the historic history and viewing the old currency. I would recommend this place to anyone interested in learning about the Federal Reserve Bank of Chicago.
    1 person found this review helpful 👍

  • 5/5 Arun Prassanth R. 5 years ago on Google
    Awesome place!! Get your free bag of shredded money, take pictures with million dollars (and print for free!). Didn't have much expectations before visiting, but man I was wrong!
    1 person found this review helpful 👍

  • 5/5 Tim W. 7 months ago on Google
    This is a place for anyone to learn! It’s very educational and a lot of history involved. You also get a visual of $1 million dollars in serval different way! Overall this is free and a cool place to visit!
    1 person found this review helpful 👍

  • 5/5 jason m. 6 years ago on Google
    (Review for the money museum) If you like history, money, museums, or just need a cheap family friendly activity this is the spot for you. I can't recommend the money museum enough. The exhibits are modern and fun. There is something for all ages. Lots of great things to take pics of and tons of great information. Be warned it is the federal reserve so there is tight security going in and out. Don't bring pocket knives or anything.

  • 5/5 Ray M. 5 months ago on Google
    During the 2023 Chicago Open House, I had the opportunity to visit the Federal Reserve Bank of Chicago, an experience that was as educational as it was impressive. The highlight of the visit was undoubtedly the Money Museum, which provided an insightful journey through the history and functions of the Federal Reserve System. The museum's exhibits were meticulously curated, offering a mix of historical artifacts, interactive displays, and informative panels. One of the most fascinating aspects was learning about the intricate process of monetary policy and how it impacts the U.S. economy. The exhibits on the evolution of currency were particularly intriguing, displaying a wide range of notes and coins that have been in circulation through the years. The staff at the Federal Reserve Bank were knowledgeable and enthusiastic, ready to answer questions and share insights, which greatly enhanced the learning experience. The building itself, with its imposing architecture, added to the sense of significance and history. Moreover, the Money Museum included some fun, interactive elements, like a chance to try lifting a real gold bar, which was surprisingly heavy, and a booth where you could create a souvenir bag of shredded old money. Overall, my visit to the Federal Reserve Bank during the Chicago Open House was a unique and enriching experience. It offered a rare glimpse into the world of finance and economics, presented in a way that was both engaging and accessible.

  • 5/5 Adam E. 11 months ago on Google
    Loved this museum. Very well curated. Interesting detail and awesome artifacts Extremely educational, good for schools, family outings, or even a solo mission (like me!:). Thanks for putting it together, keeping safe/secure, and providing it for free. Bonus: Shredded money goodie bag to take home. Score!

  • 5/5 J B. 1 year ago on Google
    October 2019 - Very educational!

  • 5/5 Joann F. 5 years ago on Google
    I absolutely enjoyed my time at this small "museum". So fun to learn about details of money and how the reserves try their best to prevent counterfeiters. You get to leave with a bag of shredded money too!

  • 5/5 Brian W. 4 years ago on Google
    Cool free museum. It's a quick stop, but also nicely informative and featuring some cool money artifacts and paper currency history. And you get a free bag of cash for visiting! ($350ish in shredded bills)

  • 5/5 Miguel Alejandro Rodriguez P. 4 years ago on Google
    The history is here, you have to visit at least for once in your life, placer is very short but you learn about the money in USA, you need to bring you ID o passport the museum is free, enjoy my friend.


Call +1 312-322-5322 Open on Google Maps

Amenities


  • Accessibility
    • ✓️ Wheelchair-accessible toilet
    • ✓️ Wheelchair-accessible entrance

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