• FP update 6/16/25 Federal Reserve Bank o

    June 16, 2025 in the United States ⋅ ☀️ 31 °C

    Federal Reserve Bank of Kansas City - Today we visited The Money Museum which is known as a billion dollar experience 💰💰💰💰💰. Also known as the Federal Reserve of Kansas City. There are 12 total reserve banks in the US and Missouri is the only state to have 2 of them. In short, the Federal Reserve is the bank for banks, keeping everything above board.

    At the Money Museum there is a collection of coins that were used for currency starting from George Washington to Biden. It was wild to see small coins like a 3-cent coin and 1/2 a dime (not a nickel). They were quite small 😁 We took a tour and had a great guide that shared some fun facts:
    (*) Federal law- President has to pass before they can be printed on money/currency
    (*) Secret Service - initially created to catch counterfeiting
    (*) Paper for currency is made of linen and cotton. One company in New England has had the contract since the start.
    (*) $100,000 bill was the highest denomination ever created and was only for trade between (*) Federal Banks. Discontinued in 1960s.
    (*) The Federal Reserve Bank makes sure bills/coins are in good condition and at this facility you can watch how this is done electronically by a few people.

    It was a informative tour 👍🏻
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    The National World War I Museum and Memorial (right across the street from the Federal Reserve Bank) houses the most comprehensive WWI collection in the world. It was built in 1921 to honor the Kansas Citizens that passed in the War.

    June 1914, in Sarajevo, a Bosnian-Serb nationalist killed the heir to the Austro- Hungarian throne. This started a chain of events that led to WWI-the first global war.

    It wasn’t until April 6, 1917, that the US declared war on Germany and officially entered the war. When the war ended, there was a new world order and America came out as a superpower.

    The museum did a great job of remembering, interpreting and understanding the Great War and its enduring impact.

    We recommend this museum also 👍🏻
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