OFFICIAL SITE: The Seventh Federal Reserve District (Chicago Fed) serves parts of Illinois, Indiana, Michigan and Wisconsin and all of Iowa.
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On May 18, 1914, the Chicago Fed was organized as Seventh District of the Federal Reserve System. On May 18, 1914, the Seventh District of the Federal Reserve System, the Chicago Fed, was organized. The Seventh District has a large national share of many important economic sectors. The Chicago Fed has a head office in Chicago, branch office in Detroit and a regional office for regulation staff in Des Moines.
On May 18, 1914, the Chicago Fed was organized as Seventh District of the Federal Reserve System. On May 18, 1914, the Seventh District of the Federal Reserve System, the Chicago Fed, was organized. The Seventh District has a large national share of many important economic sectors. The Chicago Fed has a head office in Chicago, branch office in Detroit and a regional office for regulation staff in Des Moines.
Operating as usual
How can Detroit use its $800 million in American Rescue Plan funds to bolster the city? Register to join us TOMORROW for a discussion with local leaders or access the event recording after: https://bit.ly/2Tft5gr
How can Detroit use its $800 million in American Rescue Plan funds to bolster the city? Register to join us TOMORROW for a discussion with local leaders or access the event recording after: https://bit.ly/2Tft5gr
Virtual #BusinessSmartWeek is back! Join us for a series of sessions providing diverse suppliers with the tools to better manage and grow their business. Register today: https://cvent.me/7yoqDr
Virtual #BusinessSmartWeek is back! Join us for a series of sessions providing diverse suppliers with the tools to better manage and grow their business. Register today: https://cvent.me/7yoqDr
Meet Maya Love, one of the #ChicagoFedInterns in our Community Development and Policy Studies department. Maya connected with us through the Sadie Collective and is now part of the research team working to improve the socioeconomic prospects of underserved communities.
"The work CDPS does ensures all communities are accounted for when it comes to economic policy recommendations—tying directly to the Chicago Fed’s mission. It's great to be part of the team putting out impactful economic research for low- and moderate-income communities.”
Learn more about our summer internship program: https://bit.ly/2yxzp5q
Meet Maya Love, one of the #ChicagoFedInterns in our Community Development and Policy Studies department. Maya connected with us through the Sadie Collective and is now part of the research team working to improve the socioeconomic prospects of underserved communities.
"The work CDPS does ensures all communities are accounted for when it comes to economic policy recommendations—tying directly to the Chicago Fed’s mission. It's great to be part of the team putting out impactful economic research for low- and moderate-income communities.”
Learn more about our summer internship program: https://bit.ly/2yxzp5q
Join us July 14 as we explore the post-pandemic revenue and spending challenges facing Detroit with local leaders from City of Detroit Government and Detroit Future City. Register today for this #ProjectHometown event: https://bit.ly/2Tft5gr
Join us July 14 as we explore the post-pandemic revenue and spending challenges facing Detroit with local leaders from City of Detroit Government and Detroit Future City. Register today for this #ProjectHometown event: https://bit.ly/2Tft5gr
The next #RacismandtheEconomy event will focus on how racism in the criminal justice system impacts the economy and will advance ideas aimed at improving economic outcomes for all Americans. Find more info and register: https://bit.ly/3y5WbxH
The next #RacismandtheEconomy event will focus on how racism in the criminal justice system impacts the economy and will advance ideas aimed at improving economic outcomes for all Americans. Find more info and register: https://bit.ly/3y5WbxH
Happy Independence Day—wishing everyone a #FourthofJuly full of celebration!
Happy Independence Day—wishing everyone a #FourthofJuly full of celebration!
Meet Owen Roche, one of the #ChicagoFedInterns in our Public Affairs department. This summer, Owen is part of a team that oversees our website and social media.
“I'm excited to help with Chicago Fed's digital presence. It’s fun, but challenging, to figure out ways to engage with a diverse audience, from analysts and scholars, to business owners, to students. What I do helps to ensure that there’s something for everyone, however they choose to connect.”
Learn more about our #summerinternship program: https://bit.ly/2yxzp5q
Meet Owen Roche, one of the #ChicagoFedInterns in our Public Affairs department. This summer, Owen is part of a team that oversees our website and social media.
“I'm excited to help with Chicago Fed's digital presence. It’s fun, but challenging, to figure out ways to engage with a diverse audience, from analysts and scholars, to business owners, to students. What I do helps to ensure that there’s something for everyone, however they choose to connect.”
Learn more about our #summerinternship program: https://bit.ly/2yxzp5q
Q: Would the Federal Reserve call me and request personal financial information?
A: NO. The Federal Reserve would never contact individuals of the public via any means. Visit this page to learn about recent #consumerscams and what to do if you think you’ve fallen victim: https://www.chicagofed.org/fraud
We didn’t let being apart stop us from creating our traditional human Pride flag! To close out our Pride Month celebrations, over 250 employees gathered virtually to create this year’s display.
We didn’t let being apart stop us from creating our traditional human Pride flag! To close out our Pride Month celebrations, over 250 employees gathered virtually to create this year’s display.
“Our namesake comes from the spirit of the Greenwood District and community and generational wealth. We’re looking to replicate that model in the mindset of ‘you can’t be what you can’t see,’ making sure everyone is empowering one another so that they can grow and be successful.”
Thank you to Bevon and Elois Joseph for speaking to us about why they started the The Greenwood Project and sharing their personal stories. We are proud to partner with this organization that connects minority students to the financial industry. http://greenwoodproject.org/
“Our namesake comes from the spirit of the Greenwood District and community and generational wealth. We’re looking to replicate that model in the mindset of ‘you can’t be what you can’t see,’ making sure everyone is empowering one another so that they can grow and be successful.”
Thank you to Bevon and Elois Joseph for speaking to us about why they started the The Greenwood Project and sharing their personal stories. We are proud to partner with this organization that connects minority students to the financial industry. http://greenwoodproject.org/
How can Detroit use its $800 million in American Rescue Plan funds to bolster the city? Join us July 14 for a discussion with local leaders—register today: https://bit.ly/2Tft5gr
How can Detroit use its $800 million in American Rescue Plan funds to bolster the city? Join us July 14 for a discussion with local leaders—register today: https://bit.ly/2Tft5gr
Watch Clara Biela, third place winner of the #ProjectHometown Video Contest, interview her classmates about what they missed out on during the pandemic and what they learned about themselves in the process. https://bit.ly/3xzBl9x
What does #Pride mean to you? Members of our LGBTQ employee resource group show what #PrideMonth means to them and the many reasons why they celebrate—from having the courage to be who they really are and reflecting on the trials and tribulations of LGBTQ generations before them, to living authentically colorful lives and continuing to support the voices of those still fighting for similar freedoms.
Second place winner of our #ProjectHometown Video Contest, Princess Nandi Alexander, talks through the depression and stress experienced by parents and kids during the pandemic—as well as the hope and opportunities ahead. https://bit.ly/3xzBl9x
Our virtual summer internship has officially begun! Forty-five interns are joining us for the next 12 weeks for a program filled with professional development, skill-building, networking, and, of course, fun!
A few of our #ChicagoFedInterns showed off their excitement by sporting some swag—welcome, all, to the Chicago Fed! https://bit.ly/2yxzp5q
Today we celebrate Juneteenth—a day commemorating the end of slavery in our country’s history. Jovanne Garrison, from our Supervision and Regulation department, shares what the holiday means to her.
Today we celebrate Juneteenth—a day commemorating the end of slavery in our country’s history. Jovanne Garrison, from our Supervision and Regulation department, shares what the holiday means to her.
"We’ll continue being strong, dreaming of when we’re once again able to spread love in person.” Congratulations to Efren Ponce on winning our #ProjectHometown Video Contest! Watch Efren’s video reflecting on the importance of community and family during the pandemic: https://bit.ly/3xzBl9x
As part of our Pride celebrations, our LGBTQ employee resource group hosted their annual Out at the Fed discussion. First Vice President Ellen Bromagen joined panelists, Nathan Haggard, Rhys Seiffe, Amy Hofner, Cooper Killen and Christen Elion, as they shared stories and experiences on bringing their authentic selves to work.
As part of our Pride celebrations, our LGBTQ employee resource group hosted their annual Out at the Fed discussion. First Vice President Ellen Bromagen joined panelists, Nathan Haggard, Rhys Seiffe, Amy Hofner, Cooper Killen and Christen Elion, as they shared stories and experiences on bringing their authentic selves to work.
We asked Chicago students to tell us how the pandemic affected their communities, and tonight, we are excited to award the winners of our #ProjectHometown Video Contest!
Thanks to all the participants for their contributions. We learned a lot listening to the voices of the next generation and found their messages of hope inspiring. Stay tuned for links to the winning videos.
#youngvoices #nextgeneration #inspiringyouth
In celebration of Pride Month, Joe Davidson, executive sponsor of our LGBTQ employee resource group, reflects on our commitment to make a difference:
“We stand united with the LGBTQ community. We look to create a culture of inclusion and belonging that can be seen across our vision, values and strategic priorities. From an ally’s perspective, it truly makes me proud to be a part of the Chicago Fed.”
Registration is open for #PolicySummit2021 hosted by the Federal Reserve Bank of Cleveland. Plan to be part of the conversation on building resilience in your community June 23–25—find more information here:
Policy Summit 2021: Pathways to Economic Resilience in Our Communities.
Earlier this year, we found out that we earned 100% on the Human Rights Campaign Foundation’s Corporate Equality Index for LGBTQ-inclusive workplace policies and practices—for the fifth consecutive year! https://bit.ly/39tGxTv
Congratulations again to all at the Chicago Fed for making this possible—we are proud to be one of the Best Places to Work for LGBTQ Equality.
#pride #pridemonth
Join us tomorrow for the sixth installment of the virtual series #RacismandtheEconomy, which will examine the impacts of racism on #entrepreneurs of color. Register here: https://bit.ly/3ytslnI
Join us tomorrow for the sixth installment of the virtual series #RacismandtheEconomy, which will examine the impacts of racism on #entrepreneurs of color. Register here: https://bit.ly/3ytslnI
Today we honor the men and women who have given their lives in service to our country. We are grateful to all—including our Chicago Fed employees and family members—who have served.
Today we honor the men and women who have given their lives in service to our country. We are grateful to all—including our Chicago Fed employees and family members—who have served.
Hui Tang, member of our Asian and Pacific Islander employee resource group, shares how she celebrates her culture this month and throughout the year—cooking delicious food and sharing it with friends and family.
Hui Tang, member of our Asian and Pacific Islander employee resource group, shares how she celebrates her culture this month and throughout the year—cooking delicious food and sharing it with friends and family.
One way to celebrate Asian Pacific American Heritage Month–experiencing the wonderful food a culture has to offer! Chris Onagan, a member of our Asian and Pacific Islander employee group, led a live cooking demonstration on how to make Pancit Bihon. Participants followed along to learn tips, tricks and the history of the traditional Filipino dish.
One way to celebrate Asian Pacific American Heritage Month–experiencing the wonderful food a culture has to offer! Chris Onagan, a member of our Asian and Pacific Islander employee group, led a live cooking demonstration on how to make Pancit Bihon. Participants followed along to learn tips, tricks and the history of the traditional Filipino dish.
President Charles Evans will speak June 2 at the next #RacismandtheEconomy event, a virtual series hosted by the 12 Federal Reserve Banks. The event will focus on the impacts of racism on entrepreneurs of color—register here: https://bit.ly/3ytslnI
President Charles Evans will speak June 2 at the next #RacismandtheEconomy event, a virtual series hosted by the 12 Federal Reserve Banks. The event will focus on the impacts of racism on entrepreneurs of color—register here: https://bit.ly/3ytslnI
Meet us tomorrow at Hispanic Alliance for Career Enhancement (HACE)'s free virtual career fair! Recruiters will be available from 11 a.m. – 3 p.m. CT to talk about our culture and careers, and share employee stories, like Johanna Perez detailed below. See you there. https://bit.ly/3wdiTmK
Meet us tomorrow at Hispanic Alliance for Career Enhancement (HACE)'s free virtual career fair! Recruiters will be available from 11 a.m. – 3 p.m. CT to talk about our culture and careers, and share employee stories, like Johanna Perez detailed below. See you there. https://bit.ly/3wdiTmK
Congratulations to Tracy Harrigton, who was recognized by Chicago CIO as Public Sector CIO of the Year! https://bit.ly/3tTpSzr
Congratulations to Tracy Harrigton, who was recognized by Chicago CIO as Public Sector CIO of the Year! https://bit.ly/3tTpSzr
Missing our Money Museum? We are too! Although our exhibits are currently closed for viewing, we still want to have some fun this #NationalMuseumDay—comment below to tell us your favorite area to visit in our Money Museum!
Haven’t visited us before (or in a while)? Check out some of our displays here: https://bit.ly/3v3pOi4
In celebration of Asian Pacific American Heritage Month, members from our Asian and Pacific Islander employee resource group show off what they love about their culture—from wedding customs to musical traditions, click through to see what they had to share.
#APAHM #AAPI
Congrats to the Fremd High School team on winning the Yellen Division of our High School Fed Challenge! Check out the team’s video submission offering a policy prescription for the Fed here: https://bit.ly/3cSJZZz
We announced last month that Greenhills School, Ann Arbor won the Bernanke Division of our High School Fed Challenge—congratulations again to the team! Watch their video submission covering the state of the U.S. economy here: https://bit.ly/3cSJZZz
Tune in tomorrow at 7:30 a.m. CT as President Charles Evans joins CNBC’s Squawk Box.
Tune in tomorrow at 7:30 a.m. CT as President Charles Evans joins CNBC’s Squawk Box.
President Charles Evans joins SABEW - Society for Advancing Business Editing and Writing for a fireside chat May 10 at 1:00 pm CT. Watch the livestream or access the recording after here: https://bit.ly/3eu759m
President Charles Evans joins SABEW - Society for Advancing Business Editing and Writing for a fireside chat May 10 at 1:00 pm CT. Watch the livestream or access the recording after here: https://bit.ly/3eu759m
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Learn about next steps being taken or considered as Chicago moves forward in its #COVIDRecovery.
One of our most valuable items of currency is the $1000 U.S. Treasury note. In this Fed Ambassador Faves video, our ambassador explains its nickname, the Grand Watermelon.
If you have ever visited the Money Museum, you know you can't get to any of the other exhibits without walking over the money pit! Learn more about it in this Fed Ambassador Faves video.
While we are away from the Money Museum, we'd like to share a few videos this week, our Fed Ambassador Faves, where some of our museum guides and speakers talk about their favorite exhibits. Let's start off with the money cube!
"Given the unique nature of the current employment crisis, which is driven by stay-at-home orders, it's difficult for the traditional unemployment rate to capture everyone who has been truly affected." Jason Faberman discusses how the U-Cov rate more fully captures labor market underutilization. Learn more about a new measure of unemployment in the Chicago Fed Insights blog. https://www.chicagofed.org/publications/blogs/chicago-fed-insights/2020/unemployment-rate-good-measure-of-out-of-work
Just Released: "Based on calculations using USDA data, the District states’ corn yield fell to 183 bushels per acre in 2019—down 5.8% from 2018. Furthermore, the District states’ soybean yield dropped 8.9% from 2018 to 52.5 bushels per acre in 2019." Oppedahl explains how crops affected agriculture land values and finance in 2019Q4 in the AgLetter. https://bit.ly/2G5H6Rh
"Challenging weather conditions during planting, a touch of drought in the summer, excess precipitation during harvest and early frost all hampered District crop production in 2019." Senior business economist David Oppedahl shares the good news, and the not so good, in today's AgLetter update.
Earlier this week, we released a new economic trends forecasting index, called the Brave-Butters-Kelley Index. How well is the BBKI doing to forecast economic trends? Scott Brave discusses what they learned from the August and September data.
As we wrap up our week of our Fed Ambassadors telling stories about their favorite Money Museum exhibit, here’s our last colleague sharing what is his, and perhaps my, favorite item in the exhibit. Check out this video, then check us out next Saturday and Sunday, October 19-20, by visiting us during Open House Chicago 2019.
Are you an aspiring central banker who has never had the chance to try our Fed Chair interactive quiz at the Money Museum? Don't lose heart! We'll be open on Saturday, October 19, and Sunday, October 20, for Open House Chicago! Stop in to see if you'll be the new chair of the Federal Reserve.
Can you believe that we shred more than $20 million dollars a day in unfit currency? Watch this Fed Ambassador Faves video to learn more about why we have to shred so many bills a day. Don’t forget to stop in at the Chicago Fed during Open House Chicago 2019 to get your own free souvenir packet of fed shreds, about $364 in shredded currency.
Have you seen the money pit at the Money Museum? It’s one of our Fed Ambassador Faves, and a favorite with visitors too. When you visit during Open House Chicago 2019, don’t forget your money pit selfie!
Are you planning to join us on October 19 or 20 during Open House Chicago 2019? It’s the one time a year that the Money Museum is open on the weekend. Not only will you have a chance to look behind the scenes at some of our historic architecture, including work by Chicago architectural firm Holabird & Root. In the mean time, watch videos this week from our Fed Ambassadors sharing their favorite exhibits. Then, join us in a few weeks and decide which are your favorites!
Recent college grad looking to start your research career? If you have a degree in economics, math, finance or statistics, learn what Charlie Evans has to say about the important role that a Chicago Fed RA plays. Send us your info: https://frb.taleo.net/careersection/2/jobdetail.ftl?job=260895&lang=en
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