Chicago Fed and Visa Inc. Host Financial Literacy Summit Featuring U.S. Sen. Akaka, Canadian Finance Minister Flaherty and Head of the Banking, Securities and Savings Unit of the Mexican Ministry of Finance & Public Credit Guillermo Zamarripa Escamilla

Chicago, Illinois, April 20, 2009

The Federal Reserve Bank of Chicago and Visa Inc. convened a global summit today on financial literacy, bringing together government leaders from multiple countries to explore ways to promote lasting economic stability through improvements in individual money management.

Speakers at the third annual Financial Literacy and Education Summit focused on three imperatives: recognition of financial literacy as a critical life skill; all entities involved in the global financial system doing their part to find solutions; and the necessity of cross-border and cross-industry collaboration. Featured speakers included: U.S. Sen. Daniel Akaka, Canadian Finance Minister James Flaherty, Head of the Banking, Securities and Savings Unit of the Mexican Ministry of Finance and Public Credit Guillermo Zamarripa Escamilla and Illinois Treasurer Alexi Giannoulias. Read More