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Board of Directors

A nine-member Board of Directors oversees the operations of the Federal Reserve Bank of Chicago. Our Detroit Board of Directors serves in a similar capacity at our Detroit Branch office.


In addition to the general duties of the Board, members may also participate in committees responsible for oversight of specific Bank functions and responsibilities.

Executive Committee

The Executive Committee is available to act for the Board between Board meetings or whenever a quorum is not present at a Board meeting.


Audit Committee | Charter

The Audit Committee assists the Board of Directors in fulfilling its oversight responsibilities for the financial reporting process, the system of internal control, risk management process, the audit process, compliance with laws, governance structure, regulations and the code of conduct, including System activities for which the District has responsibility.


Governance and Human Resources Committee | Charter

The Governance and Human Resources Committee assists the Board of Directors in considering director candidates and makes recommendations for Board membership as well as Federal Advisory Council membership. Additionally, the committee provides oversight for District governance and human resources matters.


System Activities, Bank Operations and Risk Committee | Charter

The System Activities, Bank Operations and Risk Committee review and oversee the Bank’s strategic objectives, the budget, performance and risk management activities. The Committee also oversees the material activities performed by or for the Bank.


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Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

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