THE LOOP — The Federal Bank of Chicago’s Money Museum is reopening after a three-year pandemic hiatus with its signature attraction: its $1 million money cube.
The reopening is 10 a.m. Wednesday at 230 S. LaSalle St. The free museum is open 10-5 p.m. Monday-Friday and will offer tours for middle and high schoolers, according to a news release.
The museum aims to give visitors “a compelling look at the history and workings of the Federal Reserve Bank of Chicago and the broader Federal Reserve System,” according to a news release. Visitors can learn about the impacts of inflation and the functions of the reserve system and see its collection of money.
Other exhibits include a counterfeit money machine, a $1,000 bill known as the “Grand Watermelon” and a money pit filled with more than 140,000 coins worth more than $50,000, weighing the equivalent of about two grand pianos, according to the museum’s website.
The Chicago Fed is the reserve bank that covers Iowa and most of Illinois, Indiana, Michigan and Wisconsin, according to the news release. The Federal Reserve System is made up of 12 regional reserve banks and a board of governors in Washington, D.C.
The reserve in Chicago has billions of dollars in cash in its vault, according to its website.
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