The Federal Reserve Bank of Chicago supervises state member banks, bank holding companies, and foreign banking organizations that do business in the 7th District, which includes most of Illinois, Indiana, Michigan, Wisconsin, and all of Iowa. We promote a safe, sound, and stable financial system that supports the growth and stability of the U.S. economy. We work to make sure banking organizations are in secure financial condition, comply with laws and regulations, treat their customers fairly, and meet the needs of their communities.
We assess the health, condition and management of financial institutions, as well as the risks they face, through on- and offsite examinations and ongoing monitoring. We work collaboratively with the five-state district and other federal and state bank regulators to provide guidance, support, and expertise on issues related to supervision, compliance, regulation, financial reporting and credit risk management.Learn More
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