Chicago Fed and University of Illinois form regional research lab
Over much of its 75-year history the Federal Reserve
Bank of Chicago has worked
to understand more fully and
describe more accurately the
changing economic structure of the Seventh
Federal Reserve District. The Seventh District--
all of Iowa and major segments of Indiana,
Illinois, Michigan, and Wisconsin--lies in
the heart of the Midwest. With major industrial
and commercial centers, such as Chicago,
Detroit, Des Moines, Indianapolis, and Milwaukee,
as well as vitally important agricultural
resources, the Seventh District is also
near the heart of the U.S. economy. In its
research on this region, the Bank has sought
out new data sources and institutions with
which to cooperate to improve and enhance
the knowledge base on the District economy.