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Federal Reserve Bank of Chicago

Federal Reserve Bank of Chicago We serve the public interest by fostering a strong economy and promoting financial stability.

Our success depends on the skills and talents of many people, and we support a diverse and inclusive workplace. 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.

Our success depends on the skills and talents of many people, and we support a diverse and inclusive workplace. 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

Here's to a wonderful 2023 for all in the Seventh District. Wishing you and yours a Happy New Year.
01/01/2023

Here's to a wonderful 2023 for all in the Seventh District. Wishing you and yours a Happy New Year.

As economic activity boomed in the Seventh District in the 1940s and 50s, more support was needed to promote a trusted f...
12/29/2022

As economic activity boomed in the Seventh District in the 1940s and 50s, more support was needed to promote a trusted financial system. In 1960, our LaSalle Street headquarters gained a 16-floor, 18,000 square foot addition, featuring our first autonomous elevators able to function without human operators. chicagofed.org/building

We recently hosted a Macroeconomics and Monetary Policy Conference, celebrating retiring President Charles Evans’ contri...
12/27/2022

We recently hosted a Macroeconomics and Monetary Policy Conference, celebrating retiring President Charles Evans’ contributions to the field. Experts from around the country shared insights into research on inflation, monetary policy shocks, heterogeneity in macroeconomics, and more.
https://web.cvent.com/event/017bde7b-f243-46ca-9afa-7481999dd708/summary

At this year’s Midwest Agricultural Conference, experts from the USDA, University of Arkansas, Black Oaks Center, Compee...
12/23/2022
Annual Midwest Agriculture Conference: Confronting Barriers to Entry - Federal Reserve Bank of Chicago

At this year’s Midwest Agricultural Conference, experts from the USDA, University of Arkansas, Black Oaks Center, Compeer Financial, and BMO, along with others, addressed barriers to entry to farming—namely rising land values, diminishing farmland availability, limited access to credit, and discrimination against socially disadvantaged and marginalized groups. Read the summary: https://www.chicagofed.org/publications/blogs/chicago-fed-insights/2022/2022-ag-conference

Rising agricultural land values, diminishing farmland availability, and limited access to credit are primary barriers to entry for new farmers. Socially disadvantaged and women farmers and ranchers often face their own hurdles, including discrimination. And next-generation farmers are not immune to....

Charles L. Evans took office as president and CEO of the Federal Reserve Bank of Chicago in September 2007, on the eve o...
12/22/2022

Charles L. Evans took office as president and CEO of the Federal Reserve Bank of Chicago in September 2007, on the eve of the Great Financial Crisis. He leaves, reaching the office’s mandatory retirement age of 65, amid the still-glowing embers of a worldwide pandemic. On the eve of his retirement in January, Evans sat down to reflect on a historic tenure.

Read the interview here.
https://www.chicagofed.org/publications/speeches/2022/december-22-qa

Our central headquarters on LaSalle Street opened 100 years ago, designed to advance our efforts to promote a trusted fi...
12/21/2022

Our central headquarters on LaSalle Street opened 100 years ago, designed to advance our efforts to promote a trusted financial system. At the time, the building was considered “classic in style, fully interpreted to harmonize with modern conditions.” The 17-story building also had one of the largest vaults ever constructed.

https://www.chicagofed.org/utilities/about-us/about-our-building

12/20/2022
Who We Are Full Length

Here at the Chicago Fed, we're always asking the question: What does it mean to serve? The answer is central to who we are and what we do. Watch the video and discover our story:

We recently hosted the Financial Services Pipeline’s Annual Summit, bringing together financial organizations dedicated ...
12/19/2022

We recently hosted the Financial Services Pipeline’s Annual Summit, bringing together financial organizations dedicated to increasing diversity and inclusion. The educational event included a special tribute to retiring President Charles Evans and honored his role in FSP’s foundation and growth over the last 10 years.

Do you have experience in recruiting? Apply now to use your expertise to provide a variety of administrative, recruiting...
12/16/2022

Do you have experience in recruiting? Apply now to use your expertise to provide a variety of administrative, recruiting, and project support to the Talent Acquisition team. Lead small- to medium-sized projects on behalf of the department or participate in larger department and district strategic projects. https://bit.ly/3FzaArx

Electric vehicles are shifting the automotive market. Join us January 10-12 for the Automotive Insights Symposium, where...
12/15/2022

Electric vehicles are shifting the automotive market. Join us January 10-12 for the Automotive Insights Symposium, where industry leaders and experts will explore the impact of EVs on sticker price, jobs, and the industry as a whole. https://cvent.me/QggmMb?RefId=LinkedIn

Hear from Joann Muller from Axios, Betony Jones from the U.S. Department of Energy, Lana Payne from Unifor National, Susan Helper from the Office of Management and Budget, and others.

The Federal Reserve System recently hosted the seventh annual "Banking and the Economy: A Forum for Minorities in Bankin...
12/12/2022

The Federal Reserve System recently hosted the seventh annual "Banking and the Economy: A Forum for Minorities in Banking" event at the Federal Reserve Bank of Atlanta. The forum offered leaders of color information on the banking industry, leadership skills, and professional development to further enhance their career.

In the latest Chicago Fed Insights blog, we cover key takeaways from the Economic Mobility Project’s retirement event, “...
12/09/2022

In the latest Chicago Fed Insights blog, we cover key takeaways from the Economic Mobility Project’s retirement event, “Examining Retirement: Abandoned and Underfunded Savings Accounts Prompt Calls for Change.” Among them are experts’ concerns that Americans are failing to claim tens of millions of dollars held in Individual Retirement Accounts (IRAs). Read more and watch the event playback below. https://www.chicagofed.org/publications/blogs/chicago-fed-insights/2022/examining-retirement

Happy holidays from the Seventh District. Sending goodwill to all this season!
12/07/2022

Happy holidays from the Seventh District. Sending goodwill to all this season!

We continue to celebrate 100 years of advancing a strong economy in our landmark building on LaSalle Street. In 1921, th...
12/06/2022

We continue to celebrate 100 years of advancing a strong economy in our landmark building on LaSalle Street. In 1921, the architecture firm Graham, Anderson, Probst and White, began construction on the Beaux-Arts building. The firm was responsible for developing many of Chicago's architectural landmarks, including the Wrigley Building, the Shedd Aquarium, the Merchandise Mart, and the Continental Illinois Bank building directly across the street.

https://www.chicagofed.org/utilities/about-us/about-our-building

The board of directors has announced Austan D. Goolsbee will be the Chicago Fed’s next president and CEO. He brings to t...
12/02/2022

The board of directors has announced Austan D. Goolsbee will be the Chicago Fed’s next president and CEO. He brings to the role extensive experience in economics and policy and a strong commitment to serving the public. Learn more about the 10th president of the Chicago Fed here: https://www.chicagofed.org/tenthpresident

Austan D. Goolsbee will succeed Charles Evans as the next president of the Chicago Fed. He is currently the Robert P. Gw...
12/01/2022

Austan D. Goolsbee will succeed Charles Evans as the next president of the Chicago Fed. He is currently the Robert P. Gwinn Professor of Economics at the University of Chicago Booth School of Business, and previously served in Washington as Chairman of the Council of Economic Advisers and a member of the President’s cabinet. Learn more here: https://www.chicagofed.org/tenthpresident

Austan D. Goolsbee has been named president and chief executive officer of the Federal Reserve Bank of Chicago effective...
12/01/2022

Austan D. Goolsbee has been named president and chief executive officer of the Federal Reserve Bank of Chicago effective January 9, 2023, announced Dr. Helene Gayle, chair of the board of directors of the Federal Reserve Bank of Chicago. He will succeed Charles Evans, who is retiring in January after 15 years as the Chicago Fed’s president and chief executive officer. Learn more about the 10th president of the Chicago Fed here: https://www.chicagofed.org/tenthpresident

11/24/2022
Thanksgiving Meal

Happy Thanksgiving! Did you know the Seventh District produces a lot of the foods that go into a traditional Thanksgiving meal? Learn about where pumpkins and other parts of your turkey dinner are produced:

Earlier this month, employees gathered to commemorate 100 years at our headquarters on LaSalle Street. Darrin Norbut, pa...
11/22/2022

Earlier this month, employees gathered to commemorate 100 years at our headquarters on LaSalle Street. Darrin Norbut, part of our facilities team, and Andrew Elders, a local historian, presented on the building's history and role in our efforts to advance a strong economy.

This week, we welcomed our on-site staff to celebrate the season of gratitude during the annual Thanksgiving Feast. Coll...
11/18/2022

This week, we welcomed our on-site staff to celebrate the season of gratitude during the annual Thanksgiving Feast. Colleagues gathered to give thanks and reflect on the year while enjoying traditional Thanksgiving dishes. 🦃

The Midwest Agricultural Conference, taking place in person and virtually on November 29, will address barriers to entry...
11/17/2022

The Midwest Agricultural Conference, taking place in person and virtually on November 29, will address barriers to entry to Midwest farming. We’ll also talk about access to capital for farming entrants and families transferring farms from older to younger generations. Zach Ducheneaux, administrator for the Farm Service Agency, U.S. Department of Agriculture, will serve as the keynote speaker. Register: https://cvent.me/X14WYZ

Our Detroit Branch recently hosted a heartfelt Veterans Day ceremony in honor of veterans and military families on staff...
11/16/2022

Our Detroit Branch recently hosted a heartfelt Veterans Day ceremony in honor of veterans and military families on staff and their service to the public good. The event included a flag folding ceremony, the distribution of Challenge Coins to veterans and the spouses of veterans, and the writing of thank you cards for veterans at our local VA Hospital. Mental health resources were also made available to encourage support for those who have served.

Today we honor all who served in the Armed Forces and we thank you for your sacrifice.
11/11/2022

Today we honor all who served in the Armed Forces and we thank you for your sacrifice.

11/08/2022
Why the Automotive Chip Crisis Isn't Over (Yet)

New car buyers face limited inventory, long order wait times, and rising prices primarily because of lingering automotive supply chain disruptions. It is difficult for automakers to produce enough vehicles to meet demand, and one of the main culprits is the lack of —or chips. In this article, Policy Advisor Kristin Dziczek investigates why the chip crisis is still with us and why some forecasts suggest that it will continue at least into 2024. https://www.chicagofed.org/publications/chicago-fed-letter/2022/473

Prepare for a future of purpose and intern with us next summer. See what  have to say about their experience and visit o...
11/03/2022

Prepare for a future of purpose and intern with us next summer. See what have to say about their experience and visit our website to apply by tomorrow, Nov. 4! https://rb.wd5.myworkdayjobs.com/FRS

The Midwest Agricultural Conference, taking place in person and virtually on November 29, will address barriers to entry...
11/01/2022

The Midwest Agricultural Conference, taking place in person and virtually on November 29, will address barriers to entry to Midwest farming. We’ll also talk about access to capital for farming entrants and families transferring farms from older to younger generations. Register: https://bit.ly/3TQJ9zy

Are you interested in learning more about a career in economics? Join other undergraduate students and accomplished econ...
10/31/2022

Are you interested in learning more about a career in economics? Join other undergraduate students and accomplished economics pros at the Federal Reserve Bank of Cleveland's hybrid Women in Economics Symposium. Part of the Fed’s effort to advance a strong economy, you’ll get to hear the career path stories of women in economics, learn what you can do with a degree in economics, discuss diversity and inclusion in the profession, and network. Dr. Sucharita Ghosh, featured here, is one of the event's speakers.

Register today! https://clefed.org/WIE22

 owners: The  is now open and we are seeking your feedback as part of our effort to promote a trusted financial system. ...
10/28/2022

owners: The is now open and we are seeking your feedback as part of our effort to promote a trusted financial system. Share your successes, your challenges, and your outlook for the future. By taking the survey, you can contribute to data that directly informs the Fed, federal government agencies, service providers, policymakers, and others. The survey is open to businesses currently in operation, those recently closed, and those about to launch.

https://frb.co1.qualtrics.com/jfe/form/SV_emJrBt1qbghCA3Y?reserve_bank=CHI&orgid=CHIFed

Apply to our 2023 Summer Internship Program by Nov. 4.Gain valuable experience by working with industry leaders, contrib...
10/27/2022

Apply to our 2023 Summer Internship Program by Nov. 4.

Gain valuable experience by working with industry leaders, contributing to meaningful projects, and growing your professional network. Learn hands-on experience through programming, critical thinking and volunteer experience.

Undergraduate and graduate students are welcome to apply. The Bank is seeking interns in business areas including accounting, finance, business, engineering, IT and more.

Apply today: https://rb.wd5.myworkdayjobs.com/FRS

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230 S LaSalle Street
Chicago, IL
60604

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Here's to a wonderful 2023 for all in the Seventh District. Wishing you and yours a Happy New Year.
What does it mean to serve? This question is central to the Chicago Fed's mission: serving the public good. Watch the video and learn our story.
https://www.chicagofed.org/utilities/about-us/index
As economic activity boomed in the Seventh District in the 1940s and 50s, more support was needed to promote a trusted financial system. In 1960, our LaSalle Street headquarters gained a 16-floor, 18,000 square foot addition, featuring our first autonomous elevators able to function without human operators. chicagofed.org/building
We recently hosted a Macroeconomics and Monetary Policy Conference, celebrating retiring President Charles Evans’ contributions to the field. Experts from around the country shared insights into research on inflation, monetary policy shocks, heterogeneity in macroeconomics, and more.
https://web.cvent.com/event/017bde7b-f243-46ca-9afa-7481999dd708/summary
At this year’s Midwest Agricultural Conference, experts from the USDA, University of Arkansas, Black Oaks Center, Compeer Financial, and BMO, along with others, addressed barriers to entry to farming—namely rising land values, diminishing farmland availability, limited access to credit, and discrimination against socially disadvantaged and marginalized groups. Read the summary: https://www.chicagofed.org/publications/blogs/chicago-fed-insights/2022/2022-ag-conference
Charles L. Evans took office as president and CEO of the Federal Reserve Bank of Chicago in September 2007, on the eve of the Great Financial Crisis. He leaves, reaching the office’s mandatory retirement age of 65, amid the still-glowing embers of a worldwide pandemic. On the eve of his retirement in January, Evans sat down to reflect on a historic tenure.

Read the interview here.
https://www.chicagofed.org/publications/speeches/2022/december-22-qa
Our central headquarters on LaSalle Street opened 100 years ago, designed to advance our efforts to promote a trusted financial system. At the time, the building was considered “classic in style, fully interpreted to harmonize with modern conditions.” The 17-story building also had one of the largest vaults ever constructed.

https://www.chicagofed.org/utilities/about-us/about-our-building
Here at the Chicago Fed, we're always asking the question: What does it mean to serve? The answer is central to who we are and what we do. Watch the video and discover our story:
We recently hosted the Financial Services Pipeline’s Annual Summit, bringing together financial organizations dedicated to increasing diversity and inclusion. The educational event included a special tribute to retiring President Charles Evans and honored his role in FSP’s foundation and growth over the last 10 years.
Do you have experience in recruiting? Apply now to use your expertise to provide a variety of administrative, recruiting, and project support to the Talent Acquisition team. Lead small- to medium-sized projects on behalf of the department or participate in larger department and district strategic projects. https://bit.ly/3FzaArx
At a recent Economic Mobility Project virtual event, researchers explored the growing difficulties facing Americans who wish to retire with a semblance of fiscal security. Hear from Shanthi Ramnath, Enrichetta Ravina, J. Mark Iwry, Annamaria Lusardi, and Sita Nataraj Slavov in the event recap, and watch the event playback. https://www.chicagofed.org/publications/blogs/chicago-fed-insights/2022/examining-retirement
Electric vehicles are shifting the automotive market. Join us January 10-12 for the Automotive Insights Symposium, where industry leaders and experts will explore the impact of EVs on sticker price, jobs, and the industry as a whole. https://cvent.me/QggmMb?RefId=LinkedIn

Hear from Joann Muller from Axios, Betony Jones from the U.S. Department of Energy, Lana Payne from Unifor National, Susan Helper from the Office of Management and Budget, and others.
The Federal Reserve System recently hosted the seventh annual "Banking and the Economy: A Forum for Minorities in Banking" event at the Federal Reserve Bank of Atlanta. The forum offered leaders of color information on the banking industry, leadership skills, and professional development to further enhance their career.
In the latest Chicago Fed Insights blog, we cover key takeaways from the Economic Mobility Project’s retirement event, “Examining Retirement: Abandoned and Underfunded Savings Accounts Prompt Calls for Change.” Among them are experts’ concerns that Americans are failing to claim tens of millions of dollars held in Individual Retirement Accounts (IRAs). Read more and watch the event playback below. https://www.chicagofed.org/publications/blogs/chicago-fed-insights/2022/examining-retirement
In a recent Fed Communities survey, 94% of respondents said the pandemic was still causing disruptions to financial stability. Explore the data: https://bit.ly/mainst2022
Happy holidays from the Seventh District. Sending goodwill to all this season!
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