Federal Reserve Bank of Chicago Detroit Branch

Current Board of Directors

The following people are on the board of directors as of April 2019:

Appointed by the Federal Reserve Bank

Appointed by the Board of Governors

Historic building

Main article: Federal Reserve Bank of Chicago Detroit Branch Building

The Federal Reserve Bank of Chicago Detroit Branch Building is a bank building located at 160 W. Fort Street in Detroit, Michigan. The building was constructed in 1927 in a Classical Revival style. In 1951, the bank added an eight-story glass-and-marble annex, designed by Minoru Yamasaki. The Modern annex is clearly designed not to mimic the original building, but to make a statement all its own.

In 2004, the Federal Reserve Bank moved to its new building on Warren Avenue, leaving the building on Fort empty. A developer purchased the building with the intention of creating loft space.

In July 2011, Quicken Loans representatives were visiting the building, leading to speculation that Dan Gilbert would purchase the space. Gilbert announced the purchase on January 30, 2012.

In February 2014, the Detroit Media Partnership, parent of the Detroit Free Press and The Detroit News, announced all three organizations would occupy six floors in both the old and new sections of the building. The partnership anticipated completing the move before September and expected to place a sign on the exterior.

Money Smart Week

The Detroit Branch currently coordinates the annual Michigan Money Smart Week. Coordinated by the Detroit Branch, partner organizations and the Money Smart Advisory Council (MAC), Money Smart Week is designed to promote financial literacy and provide greater personal finance education to consumers. It provides free events which are designed to provide financial education to consumers. The events are overseen by the Money Smart Advisory Council (MAC). The main event is a gathering of several hundred educators at the Detroit Branch office where they receive educational material from various sponsors. Overall, more than 100 sponsors participate in 200 events.

References

References

1. (July 18, 2008). "Maps of the Federal Reserve System". The Federal Reserve Board.
2. (May 2014). "Work Starts on Detroit's New Federal Reserve Bank Branch.". Knight Ridder/Tribune Business News.
3. "FAQs: Federal Reserve Banks". Federal Reserve Bank of Richmond.
4. (5 February 2013). "About the Directors of Federal Reserve Banks and Branches". The Federal Reserve Board.
5. (29 April 2019). "Directors of Federal Reserve Banks and Branches". Board of Governors of The Federal Reserve.
6. (2003). "AIA Detroit". [[Wayne State University Press]].
7. Kavanaugh, Kelli B.. (22 January 2008). "Reserve Lofts to bring 84 apartments to financial district". Model D.
8. Gallagher, John. (15 July 2011). "Is Federal Reserve building another Dan Gilbert deal?". Detroit Free Press.
9. Oosting, Jonathan. (30 January 2012). "Dan Gilbert purchases Federal Reserve Building, continues Monopoly game in downtown Detroit". Mlive.com.
10. (20 February 2014). "Free Press, News moving to new home in core of downtown Detroit". Detroit Free Press.
11. Aguilar, Louis. (23 April 2014). "Detroit News, Free Press, DMP will occupy 6 floors in old Federal Reserve building". The Detroit News.
12. (2 April 2009). "Federal Reserve Bank of Chicago — Detroit Branch and Michigan Business Organizations Announce Sixth Annual Michigan Money Smart Week, April 18–25, 2009". Federal Reserve Bank of Chicago.
13. (December 11, 2007). "Chrysler Financial – News". Chrysler Financial.
14. (6 March 2008). "Record Attendance at Fourth Annual Teacher Conference!". Michigan Jumpstart.
15. (20 March 2008). "2007 Annual Report". Federal Reserve Bank of Chicago.