The Reserve Banks that make up the Federal Reserve System provide services to financial institutions, which in turn provide services to businesses and the general public. The Federal Reserve System is ...

The Federal Reserve Bank of Chicago promoted James W. Nelson to senior vice president of supervision and regulation. Previously, he was vice president of the Chicago Fed’s Global Supervision area.

The Federal Reserve Bank of Chicago said on Thursday that Austan D. Goolsbee will become its next president, taking a seat at the central bank’s policy-setting table as officials work to bring ...