Frederick C. Martin

Executive Vice President, Administrative Services & Chief Financial Officer

Fred Martin


With several decades of experience in numerous areas of the Bank, Fred Martin began serving as executive vice president of finance and chief financial officer for the Federal Reserve Bank of Chicago in 2019.

As CFO, he has oversight of corporate accounting, financial management, procurement, and payment services. In 2020, Martin's responsibilities expanded to include oversight of District Administrative Services. He is also a member of the district’s Executive Committee and the Federal Reserve System’s Advisory Group on Financial Management (AGFM).

Before serving as executive vice president, Martin held the role of vice president of finance, analytics & strategy for the Customer Relations Support Office (CRSO) where his responsibilities included leadership of business analytics and strategy for the CRSO’s FedLine®, national sales and marketing, and industry relations business functions, in addition to multi-year planning and forecasting of the annual expense budget. Martin was also a member of the Financial Management Leadership Team, a collaborative System workgroup advancing strategies in support of Federal Reserve Financial Services.

While in the CRSO, Martin also served as co-chair of the Chicago Bank Operating Committee, which provides oversight on operations, safety, and district performance for the Bank. In addition, he served as the Chicago District equal employment opportunity officer. In this capacity, he acted as an independent resource for employees in addressing concerns of harassment or discrimination. In collaboration with the Office of Diversity & Inclusion, Martin also provided strategic guidance on diversity and inclusion initiatives.

Martin’s experience at the Bank reflects increasing responsibilities in a broad range of Federal Reserve business areas including financial planning and analysis, check administration, business development, facilities operations, law enforcement, hospitality services, strategic planning and support, business continuity, and sales operation and analytics.

Martin earned his B.S in Economics from Eastern Michigan University and holds an M.B.A from the University of Detroit-Mercy. He currently serves as a board member for i.c.stars of Chicago.

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