By all accounts, the Philly Fed is an august institution that together with 12 other Federal Reserve Banks manages macroeconomic elements of our every-day economy in the name of America’s financial stability. The Fed’s Money in Motion Exhibit is very detailed and explains all. For example, did you know that a $1 note is in circulation less than 5 years? And that the 25 foot-high tower in the foyer contains $100 million dollars in shredded bills?
However, it is not complicated to explain the workings of Alexander (Sandy) Calder’s White Cascade mobile sculpture hanging from the ceiling of the Fed’s Eastburn Court. Commissioned by the Fed, Calder created this mobile in 1976, incidentally, the year of his death. The task of forging and assembling this massive piece must have been an awesome task, especially since the 14 white aluminum discs are each taller than a man and the connecting and supporting steel rods weigh close to 10 tons. A small electric motor keeps White Cascade gently rotating. A brochure explains further details.
White Cascade is the largest mobile in the world; and the $100,000 bill shown in the Money in Motion exhibit is surely one of the rarest in the world.
Please check for opening times. Bring your ID since access to the building is strictly monitored; photography is not permitted.
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