Federal Reserve Bank of Chicago
Federal Reserve Bank in Chicago, United States
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.
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.
Responsibilities
As one of the Reserve Banks that make up the Federal Reserve System, the Chicago Fed is responsible for:
Helping to formulate national monetary policy. The Chicago Fed's CEO, Austan Goolsbee, helps formulate monetary policy by taking part and voting in meetings of the Federal Open Market Committee (FOMC).
Providing financial services such as cash, check clearing and electronic payment processing.
This brief starts where responsible research should: with the source description of “Federal Reserve Bank of Chicago” as federal Reserve Bank in Chicago, United States. Everything that follows is an evidence route, not borrowed authority.
Why this record matters
The subject matters to the general reference register because the source frames it as federal Reserve Bank in Chicago, United States. Its deeper value depends on whether names, dates, institutions and citations support that framing.
The citation trail is more important than the brevity of the summary: it shows where individual claims can be examined in context. The source revision retrieved here is dated Sep 6, 2026. The linked authority identifier is Q965251. VIAF identifies the subject as 264855558. The Library of Congress control number is n50001045. Authority coordinates are 41.879, -87.632. 4 of 4 selected statements include explicit references; 1 carry qualifiers and 0 use preferred rank. The first chronological checks are 1914.
A concise general-reference account can conceal disagreements about scope, terminology or the weight assigned to individual sources. The source lead contains qualifying language; that uncertainty should survive quotation, summary and reuse. Authority statements aid reconciliation but still require their own references, qualifiers and ranks to be checked.
How to read it
Use the entry as an orientation point, then follow its citations and revision history. Names, dates and institutional relationships should be checked against the original record.
- Subject orientation
- Search vocabulary
- Locating named sources
The closest primary source, responsible institution and strongest cited specialist reference.
Three-step research path
- Establish the record: confirm the title “Federal Reserve Bank of Chicago”, its source revision and the description used here.
- Expand the search: follow Federal Reserve Bank of Chicago primary sources, Federal Reserve Bank of Chicago archive and Federal research across catalogues and specialist indexes.
- Test the account: compare the strongest cited source with the responsible institution’s current record and note any disagreement.
Questions for further research
- Which source most directly establishes the central claim about “Federal Reserve Bank of Chicago”?
- Which institution is responsible for the underlying evidence?
- Which cited source is closest to the event, object or claim?
Search terms from this dossier
This entry incorporates text from “Federal Reserve Bank of Chicago” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.