Youth United Way students learn more about finances during Corporate Luncheon hosted by Federal Reserve Bank of St. Louis, Memphis Branch

Earlier this week, teens in the Youth United Way program participated in an annual Corporate Luncheon hosted at the Federal Reserve Bank of St. Louis, Memphis Branch.

Martha Perine Beard (standing, left) hosted students in the Youth United Way program at a Corporate Luncheon at the Federal Reserve Bank of St. Louis, Memphis Branch earlier this week.

Twenty Youth United Way students attended the event, which was hosted by Martha Perine Beard, Sr. Executive Officer, Memphis Region and her staff. Perine Beard is also Chairman of the United Way of the Mid-South Board of Directors.

Jeannette Bennett, the bank’s Economic Education Specialist, provided a financial literacy presentation to the students. Bennett discussed issues relevant to teens such as youth unemployment, student loans, ways to secure employment, relevant statistical data collected by the Federal Reserve and other information to help the teens better understand their current and future challenges.

Former Youth United Way member Michael Gatewood is serving as an intern at the bank this summer, and he  presented an overview of the Federal Reserve Bank during the luncheon. Gatewood graduated high school in 2011 and now attends Morehouse College.

Students also toured parts of the money collecting department, which is responsible for identifying counterfeit currency and shredding unfit bills that must be taken out of circulation.

Education opportunities such as the Corporate Luncheon help give students a more solid knowledge base as they begin making more financial decisions on their own. United Way thanks everyone at the Federal Reserve Bank of St. Louis, Memphis Branch for their generosity and hospitality in hosting the Youth United Way program for this important educational opportunity.

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