The picture clause defines the format which the DISPLAY command would output to the console. Is there a means to "output" the formatted string to a variable? Something like the following, but something that works. The following is an arbitrary example of a number, transformed by a picture, and stored in a string in the currency format.
IDENTIFICATION DIVISION. 
 PROGRAM-ID.    Demo1234. 
 ENVIRONMENT DIVISION. 
 DATA DIVISION. 
 WORKING-STORAGE SECTION.
 01  Price           Pic     $$$,$$9.99.
 01  Formated-Output Pic     X(10).
 PROCEDURE DIVISION. 
     Move 10.50 to Price.
     Display Price Upon Formated-Output.
     *> Formated-Output would now contain "$10.50    "
     GOBACK.