Dylan Budnik Review of Federal Reserve Bank of New Yo...
I had a good experience at the federal reserve tha...
I had a good experience at the federal reserve that included a learning experience as well as good hospitality. The tour guide was really nice and knew the answer to every question that someone asked her. It was fun to learn about the federal reserve, but to be honest there wasn't much to do after we went down to the gold storage. On the tour they should have more then just quotes on a tv screen. For example they could show a documentary on how the federal reserve was made and the process of what the federal reserve does. This would make the experience better instead of standing around looking at a poster with little pictures. Other then that it was a cool building to be in with the great architecture throughout the building.
Some things I learned on the trip were that the Federal Reserve holds a quarter of the worlds gold. I found that interesting that countries would trust us with all that gold. I believe we should charge countries to hold their gold because we are doing them a service with little in return except for the title of having the biggest gold storage in the world. I also learned about money and the process it goes through. For example I didn't know the government shredded money to circulate in new money. This made me realize why old money is such a good collectors item because a lot of the old money gets replaced by the new ones. It was also cool how we learned about the stamps that each dollar has that shows where the bill came from. This isn't very important, but I found it very interesting.
TBL: The Federal Reserve is a great place to visit for an educational experience and I recommend other schools to go here on a field trip.
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