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Chicago Fed
The Federal Reserve Bank of Chicago (informally the Chicago Fed) is one of twelve regional Reserve Banks that, along with the Federal Reserve Board of Governors, make up the United States' central bank. The Chicago Reserve Bank serves the Seventh Federal Reserve District, which encompasses the northern portions of Illinois and Indiana, southern Wisconsin, the Lower Peninsula of Michigan, and the state of Iowa. In addition to participation in the formulation of monetary policy, each Reserve Bank supervises member banks and bank holding companies, provides financial services to depository institutions and the U.S. government, and monitors economic conditions in its District. Responsibilities As one of the Reserve Banks that make up the Federal Reserve System, the Chicago Fed is responsible for: * Helping to formulate national monetary policy. The Chicago Fed's CEO, Charles L. Evans, helps formulate monetary policy by taking part and voting in meetings of the Federal Open Market ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
LaSalle Street
LaSalle Street is a major north-south street in Chicago named for Robert de La Salle, a 17th century French explorer of the Illinois Country. The portion that runs through the Chicago Loop is considered to be Chicago's financial district. South Side South of the Financial District, LaSalle Street gets cut off for a while by the Amtrak/Metra Rail yard from Taylor St to 1600 South. It runs parallel to the Rock Island District Metra line. South of 26th Street, it serves as a frontage road for the Dan Ryan Expressway until 47th street, where it merges with Wentworth Avenue. South of 47th, it starts and stops as a local street until it finally terminates at Sibley Boulevard in Dolton. In the Loop The stretch of LaSalle Street and its adjacent buildings in the Loop is recognized as the West Loop–LaSalle Street Historic District. The south end of LaSalle Street terminates at the art-deco Chicago Board of Trade Building, a Chicago Landmark and National Historic Landmark. Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Open Market Committee
The Federal Open Market Committee (FOMC), a committee within the Federal Reserve System (the Fed), is charged under United States law with overseeing the nation's open market operations (e.g., the Fed's buying and selling of United States Treasury securities). This Federal Reserve committee makes key decisions about interest rates and the growth of the United States money supply. Under the terms of the original Federal Reserve Act, each of the Federal Reserve banks was authorized to buy and sell in the open market bonds and short term obligations of the United States Government, bank acceptances, cable transfers, and bills of exchange. Hence, the reserve banks were at times bidding against each other in the open market. In 1922, an informal committee was established to execute purchases and sales. The Banking Act of 1933 formed an official FOMC. The FOMC is the principal organ of United States national monetary policy. The Committee sets monetary policy by specifying the sho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chicago, Illinois
(''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name = United States , subdivision_type1 = State , subdivision_type2 = Counties , subdivision_name1 = Illinois , subdivision_name2 = Cook and DuPage , established_title = Settled , established_date = , established_title2 = Incorporated (city) , established_date2 = , founder = Jean Baptiste Point du Sable , government_type = Mayor–council , governing_body = Chicago City Council , leader_title = Mayor , leader_name = Lori Lightfoot ( D) , leader_title1 = City Clerk , leader_name1 = Anna Valencia ( D) , unit_pref = Imperial , area_footnotes = , area_tot ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Discover Financial Services
Discover Financial Services is an American financial services company that owns and operates Discover Bank, which offers Checking account, checking and savings accounts, personal loans, home equity loans, student loans and credit cards. It also owns and operates the Discover and Pulse (interbank network), Pulse Interbank network, networks, and owns Diners Club International. Discover Card is the third largest credit card brand in the United States, when measured by cards in force, with nearly 50 million cardholders. Discover is currently headquartered in the Chicago suburb of Riverwoods, Illinois. History In 1981, Sears, Roebuck and Company, Sears purchased the Dean Witter Reynolds brokerage firm organization and Coldwell Banker, Coldwell, Banker & Company (real estate franchise) as an attempt to add financial services to its portfolio of customer services. In 1985, Sears also acquired the Greenwood Trust Company. Altogether, these companies operated as a Sears subsidiary called D ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David Nelms
David W. Nelms (born 1961) is an American businessman and the former CEO of Discover Financial. Biography David Nelms grew up in St. Petersburg, Florida and graduated from the University of Florida with a degree in mechanical engineering. Nelms went on to study at Harvard Business School and graduated with his MBA in 1987. David Nelms was the Chief Executive Officer of Discover Financial from 2004 – September 30, 2018. Nelms was named chairman of the board in 2009 and as of October 1, 2018, was the Executive Chair of the board of directors. He joined Discover as president and COO in 1998. From 1991-1998, Nelms served as an executive for MBNA. From 1990 to 1991, he worked for Progressive Insurance as a senior product manager. From 1986 to 1990, he was a management consultant at Bain & Company. Before attending Harvard Business School, Nelms was an assembly line supervisor at General Electric General Electric Company (GE) is an American multinational conglomerate foun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Detroit
Detroit ( , ; , ) is the largest city in the U.S. state of Michigan. It is also the largest U.S. city on the United States–Canada border, and the seat of government of Wayne County. The City of Detroit had a population of 639,111 at the 2020 census, making it the 27th-most populous city in the United States. The metropolitan area, known as Metro Detroit, is home to 4.3 million people, making it the second-largest in the Midwest after the Chicago metropolitan area, and the 14th-largest in the United States. Regarded as a major cultural center, Detroit is known for its contributions to music, art, architecture and design, in addition to its historical automotive background. ''Time'' named Detroit as one of the fifty World's Greatest Places of 2022 to explore. Detroit is a major port on the Detroit River, one of the four major straits that connect the Great Lakes system to the Saint Lawrence Seaway. The City of Detroit anchors the second-largest regional economy in t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bags Of Money
A money bag (or money sack) is a bag normally used to hold and transport coins and banknotes, often closed with a drawstring.Fallen money bag sparks Ohio cash grab , 25 March 2010 (retrieved 10 January 2012) When transported between banks and other institutions, money bags are usually moved in an armored car or a . It is a type of |
Photo Identification
Photo identification or photo ID is an identity document that includes a photograph of the holder, usually only their face. The most commonly accepted forms of photo ID are those issued by government authorities, such as driver's licenses, identity cards and passports, but special-purpose photo IDs may be also produced, such as internal security or access control cards. Photo identification may be used for face-to-face authentication of identity of a party who either is personally unknown to the person in authority or because that person does not have access to a file, a directory, a registry or an information service that contains or that can render a photograph of somebody on account of that person's name and other personal information. Types Some countries – including almost all developed nations – use a single, government-issued type of card as a proof of age or citizenship. The United States, United Kingdom, Australia, New Zealand, and Ireland do not have such a singl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Reserve Bank Of Chicago Money Museum
Federal or foederal (archaic) may refer to: Politics General *Federal monarchy, a federation of monarchies *Federation, or ''Federal state'' (federal system), a type of government characterized by both a central (federal) government and states or regional governments that are partially self-governing; a union of states * Federal republic, a federation which is a republic * Federalism, a political philosophy * Federalist, a political belief or member of a political grouping *Federalization, implementation of federalism Particular governments *Federal government of the United States **United States federal law **United States federal courts * Government of Argentina * Government of Australia *Government of Pakistan *Federal government of Brazil *Government of Canada *Government of India *Federal government of Mexico * Federal government of Nigeria * Government of Russia *Government of South Africa *Government of Philippines Other *''The Federalist Papers'', critical early arguments ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anna Paulson (economist)
Anna Louise Paulson is an American economist who is Executive Vice President and Director of Research of the Federal Reserve Bank of Chicago. She is a member of the American Economic Association’s Committee on the Status of Women in the Economics Profession and a past board member of the Western Economic Association International Founded in 1922, Western Economic Association International (WEAI) is a non-profit academic society dedicated to the encouragement and dissemination of economic research and analysis. WEAI's principal activities include the publishing of two quarte .... Her research focuses on how households and firms cope with risk and incomplete financial markets, and how their financial decision-making is influenced by economic events. Selected works * Paulson, Anna L., and Robert Townsend. "Entrepreneurship and financial constraints in Thailand." ''Journal of Corporate Finance'' 10, no. 2 (2004): 229–262. * Cole, Shawn, Anna Paulson, and Gauri Kartini Shas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chief Executive Officer
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially an independent legal entity such as a company or nonprofit institution. CEOs find roles in a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (notably state-owned enterprises). The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of main manager of the organization and the highest-ranking offic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Federal Reserve
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System. Congress established three key objectives for monetary policy in the Federal Reserve Act: maximizing employment, stabilizing prices, and moderating long-term interest rates. The first two objectives are sometimes referred to as the Federal Reserve's dual mandate. Its duties have expanded over the years, and currently also include supervising and regulating banks, maintaining the stabili ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
