What We Do
The Federal Reserve System is the central bank of the United States. It was established by Woodrow Wilson and Congress through the Federal Reserve Act of 1913. The Fed’s primary function is to ensure price stability and long-term sustainable economic growth. It is also charged with keeping our banks safe through regulation and with ensuring a smooth and secure system of payments. Made up of the Board of Governors located in Washington, D.C., and 12 Reserve Banks around the country, the Federal Reserve monitors how the economy is performing in terms of job growth, sales and business inventories. The Federal Reserve Bank of Chicago is situated in the heart of the Midwest.
The Federal Reserve Bank of Chicago
One of the twelve regional banks that together with the Board of Governors in Washington, D.C. comprise the central bank of the United States of America.
What do people at the Chicago Fed do?
National & Regional Economic Research
Research economists at the Chicago Fed study a wide array of issues affecting the economy such as the impact of the minimum wage and student loans.
District-wide Bank Supervision
Bank examiners conduct on-site examinations of banks throughout our district to ensure that they are operating in a safe manner and following all laws and regulations.
Regional Community Outreach & Education
Economists and policy specialists partner with local organizations and universities to promote economic development and deepen economic and financial education opportunities.
National Customer and Relations Office (CRSO)
The CRSO team is responsible for FedLine® Solutions, the Industry Relations Program, national and regional sales and marketing activities, and targeted market research.
Central Bank Services for District-wide Banks
Specialists support banks' normal banking needs including cash withdrawls and deposits as well as access to central bank emergency lending facilities in a crisis.
