Federal Reserve Bank of Chicago

The Federal Reserve Bank of Chicago is one of twelve regional banks that make up the Federal Reserve System, which is the central banking system of the United States. Established in 1914, it serves the central and northern parts of Illinois and parts of Indiana and Wisconsin. The Chicago Fed helps implement monetary policy, supervises banks, and provides financial services. Its key roles include managing the money supply, ensuring financial stability, and supporting economic research to help understand economic trends. Essentially, it plays a vital role in maintaining the overall health of the U.S. economy.