The Chicago Reserve Bank serves the Seventh Federal Reserve District, which encompasses the northern portions of Illinois and Indiana, southern Wisconsin, the Lower Peninsula of Michigan, and the state of Iowa.
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.
As one of the Reserve Banks that make up the Federal Reserve System, the Chicago Fed is responsible for:
Gordon Werkema is first vice president and chief operating officer of the Chicago Fed and product director of the Federal Reserve System's National Customer Relations and Support Office.
The Bank's Money Museum is free and open to the public year-round from 9am to 4pm, Monday through Friday, except on Bank holidays. All visitors must show a photo identification before entering the Money Museum. No food or drink are allowed in the museum.
Guided tours lasting roughly 45 minutes are available at 1pm on Monday through Friday, or by appointment. You can also visit the Money Museum on your own at any time during open hours.
The museum includes a free kiosk, which takes your picture in front of a million dollars in $100 bills. Also, a million dollars in ones as well as twenties is on display.
There is a branch of the Federal Reserve Bank of Chicago in Detroit, Michigan. There is also a regional check processing center in Des Moines, Iowa and one near Chicago's Midway International Airport.
NEW DIRECTOR ON FEDERAL RESERVE BANK OF CHICAGO DETROIT BRANCH BOARD ANNOUNCED; NEW BOARD CHAIRMAN APPOINTED; CURRENT DIRECTOR REAPPOINTED.
Dec 30, 2011; CHICAGO -- The following information was released by the Federal Reserve Bank of Chicago: The Federal Reserve Bank of Chicago's...