Federal Reserve Bank of Chicago
The Federal Reserve Bank of Chicago (informally the Chicago Fed) is one of the twelve Federal Reserve Banks of the United States. It is responsible for the Seventh District of the Federal Reserve System, which encompasses the northern portions of Illinois and Indiana, southern Wisconsin, the Lower Peninsula of Michigan, and Iowa. The district is headquartered in Chicago and has a branch office in Detroit. The bank's chief executive officer and president is Austan Goolsbee.
Institutional profile
Institutional role and background
The Federal Reserve Bank of Chicago (informally the Chicago Fed) is one of the twelve Federal Reserve Banks of the United States. It is responsible for the Seventh District of the Federal Reserve System, which encompasses the northern portions of Illinois and Indiana, southern Wisconsin, the Lower Peninsula of Michigan, and Iowa. The district is headquartered in Chicago and has a branch office in Detroit. The bank's chief executive officer and president is Austan Goolsbee. [3]
In addition to participation in the formulation of monetary policy, each Reserve Bank supervises member banks and bank holding companies, provides financial services to depository institutions and the U.S. government, and monitors economic conditions in its district. The Chicago Fed was established on May 18, 1914, when representatives from five Seventh District banks formally signed the Chicago Fed's organization certificate. The Bank officially opened for business on Monday, November 16, 1914. [3]
Selected introductory text by Wikipedia contributors — Federal Reserve Bank of Chicago, under CC BY-SA 4.0. Official facts are cited separately.
Source-supported connections
Frequently asked questions
Where can the official information about Federal Reserve Bank of Chicago be found?
The sources section links to the official record used in this profile. [1]
Federal Reserve Bank of Chicago connection map
Select a node to inspect the relationship and source.
Links retain their source-specific meaning. Award-time affiliations and links to related reading are not claims about current appointments or economic causation.
Sources and review dates
- Reference source ↗
- Wikidata background facts (CC0) ↗
- Wikipedia contributors — Federal Reserve Bank of Chicago (CC BY-SA 4.0) ↗
Reviewed 23 October 2026. Historical dates and award-time affiliations retain their original context. A review date is not an event date. Background sources are identified separately from official records.