The smell of crisp paper money filled the air as the students walked down the hallway to the lower-level vault of the Federal Reserve Bank. On January 10, twenty-one Economics students took a field trip to the Federal Reserve in San Francisco.
After a semester of learning how the Federal Reserve functions through textbooks and class work the students had the chance to see for themselves the various processes that occur in the bank.
At the start of the tour, the group went to the lower level of the building, where the money is stored. On that level, there were rooms that contained dozens of metal boxes of dollar bills that are each worth approximately 46 million dollars. The tour guide also explained some issues involving counterfeiting and the life span of a single bill.
“It was a little overwhelming, seeing all the money,” Ragini Bhattacharya (10) said. “It took me a while to realize the size of the vault[ …]it was intense.”
Back on the main level of the building, the students entered one more room and watched a short video clip on the evolution of the American bills. In this room, there was a collection of hundreds of bills, from the hand written ones made by Benjamin Franklin to the present day ones.
“We got to see firsthand how the Federal Reserve Bank operates,” Economics teacher Peter Itokazu said. “The trip combined the elements of history, science, math, sociology, and economics.”
In addition to the Federal Bank Reserve tour, the students also got to experience San Francisco as they rode cable cars that took them to downtown and made a stop at Ghirardelli Square. Both Economics teachers, Itokazu and Samuel Lepler look forward to doing this again next semester for the incoming Economics classes.