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Federal Reserve Bank of Chicago

Economy of the Midwestern United StatesFederal Reserve BanksOffice buildings in ChicagoTourist attractions in Chicago
Seal of the United States Federal Reserve System
Seal of the United States Federal Reserve System

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.

Excerpt from the Wikipedia article Federal Reserve Bank of Chicago (License: CC BY-SA 3.0, Authors, Images).

Federal Reserve Bank of Chicago
South Clark Street, Chicago Loop

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Geographical coordinates (GPS)

Latitude Longitude
N 41.878484 ° E -87.631567 °
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Address

Bank of America Center

South Clark Street 230
60603 Chicago, Loop
Illinois, United States
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Seal of the United States Federal Reserve System
Seal of the United States Federal Reserve System
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Grand Pacific Hotel (Chicago)
Grand Pacific Hotel (Chicago)

The Grand Pacific Hotel was one of the first two prominent hotels built in Chicago, Illinois, after the Great Chicago Fire. The hotel, designed by William W. Boyington and managed for more than 20 years by John Drake, was located on the block bounded by Clark Street, LaSalle, Quincy and Jackson. It was a replacement for the Paficic Hotel, which had been built in 1871 (also designed by Boyington), only to burn in the fire later that year.Drake hosted "Great Game Dinners" featuring exotic cuisines at this hotel. These dinners were a Chicago social institution for more than 50 years. Newspapers devoted 4 inches to its menu and guests.Along with contemporary Chicago luxury hotels such as the Palmer House, Tremont House, and Sherman House, it was built in the palazzo architectural style of the day. The hotel also accommodated wealthy permanent residents in addition to transient guests who enjoyed the palace hotel.Many notable celebrities stayed here, including Oscar Wilde on his first visit to Chicago as part of his 1882 lecture tour of America. James A. Garfield stayed at the hotel during the 1880 Republican National Convention, during which time he was nominated on the 34th ballot to represent the party in the election for President of the United States. The hotel was the site where Standard time was adopted on October 11, 1883.The western half of the 1873 structure was demolished in 1895 in order to make way for the Illinois Trust and Savings Bank building. The remaining eastern half was remodeled by the architectural firm Jenney and Mundie. It reopened March 12, 1898, with 188 rooms, and remained open until 1921. In 1921, it was demolished to make way for the Continental Illinois Bank building.

Chicago Board of Trade Building
Chicago Board of Trade Building

The Chicago Board of Trade Building is a 44-story, 604-foot (184 m) Art Deco skyscraper located in the Chicago Loop, standing at the foot of the LaSalle Street canyon. Built in 1930 for the Chicago Board of Trade (CBOT), it has served as the primary trading venue of the CBOT and later the CME Group, formed in 2007 by the merger of the CBOT and the Chicago Mercantile Exchange. In 2012, the CME Group sold the CBOT Building to a consortium of real estate investors, including GlenStar Properties LLC and USAA Real Estate Company. The CBOT has been located at the site since 1885. A building designed by William W. Boyington stood at the location from 1885 to 1929, being the tallest building in Chicago from its construction until its clock tower was removed in 1895. The Boyington building became unsound in the 1920s and was demolished in 1929, being replaced by the current building designed by Holabird & Root. The current building was itself Chicago's tallest until 1965, when it was surpassed by the Richard J. Daley Center. The current structure is known for its Art Deco architecture, sculptures and large-scale stone carving, as well as large trading floors. An aluminum, three-story Art Deco statue of Ceres, goddess of agriculture (particularly grain), caps the building. The building is a popular sightseeing attraction and location for shooting movies, and its owners and management have won awards for efforts to preserve the building and for office management. The building was listed as a Chicago Landmark in 1977 and a National Historic Landmark and National Register of Historic Places honoree in 1978.

Center for Research in Security Prices

The Center for Research in Security Prices (CRSP) is a provider of historical stock market data. The Center is a part of the Booth School of Business at the University of Chicago. CRSP maintains some of the largest and most comprehensive proprietary historical databases in stock market research. Academic researchers and investment professionals rely on CRSP for accurate, survivor bias-free information which provides a foundation for their research and analyses. As of 2020, CRSP claims over 500 clients. The name is usually pronounced "crisp". CRSP was founded in 1960 by James H. Lorie (professor of finance and director of research) and Lawrence Fisher (assistant professor of finance) of the University of Chicago, with a grant from Merrill Lynch, Pierce, Fenner & Smith. Its goal was to provide a source of accurate and comprehensive data that could be used to answer basic questions about the behavior of stock markets. The first effort of the Center was the production of a database consisting of monthly stock prices on the New York Stock Exchange for all common stocks from 1926 to 1962. Dividends, shares outstanding, capital changes, and delisting information was also included. Taken together, this data made possible the first comprehensive study of the rates of return on common stocks. Since then the database has been kept up to date to the present day, daily data has been expanded back to 1926, and other exchanges and financial instruments have been added. On January 1, 2020, CRSP spun off from Chicago Booth and became CRSP, LLC. CRSP, LLC is an affiliate of the University of Chicago Booth School of Business. CRSP's flagship databases include: Common stocks on the NYSE from 1926, AMEX from 1962, and NASDAQ from 1972 CRSP Indexes NASDAQ and S&P 500 Composite Indices NASDAQ and AMEX Industry Indices US Treasury bonds Survivor bias-free mutual funds Market capitalization reports; Proxy graphs for 10-K SEC filings Other custom datasetsIn partnership with Compustat, CRSP provides the CRSP/Compustat Merged Database, and in partnership with the Ziman School of Real Estate at UCLA's Anderson School of Business, the CRSP/Ziman REIT Data Series.