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  1. Enter your city, state, region, or Federal Reserve District to find local economic, industry, and demographic information. ... Federal Reserve Bank of Chicago, 230 ...

  2. The Federal Reserve Bank of Chicago (informally the Chicago Fed) is one of twelve Federal Reserve Banks that, along with the Federal Reserve Board of Governors, make up the Federal Reserve System, the United States' central bank . The Chicago Fed serves the Seventh District, which encompasses the northern portions of Illinois and Indiana ...

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  4. After months of effort and compromise, the Federal Reserve Act was passed by Congress and signed into law by President Woodrow Wilson on December 23, 1913. James B. McDougal, the first governor of the Federal Reserve Bank of Chicago (1914-1934). For the third time, the U.S. had a central bank—this time with a central board to oversee it.

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  5. May 20, 2024 · Federal Reserve Bank of Chicago Austan D. Goolsbee took office on January 9, 2023, as the 10th president and chief executive officer of the Seventh District, Federal Reserve Bank of Chicago. Before taking office at the Federal Reserve Bank of Chicago, Dr. Goolsbee served as the Robert P. Gwinn Professor of Economics at the University of Chicago ...

  6. The Chicago Fed is Born. After the Federal Reserve Act was approved on December 23, 1913, an organization committee assembled to determine the locations of the Reserve Banks. Both the Secretary of the Treasury and the Secretary of Agriculture attended the Chicago meeting held on January 19, 1914. As there was little doubt that the city would ...

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