page_title: Federal Reserve Bank of Chicago Detroit Branch
section_title: Historic Building
hierarchical_section_title: Federal Reserve Bank of Chicago Detroit Branch / Historic Building
caption_attribution_description: English: Federal Reserve Bank of Chicago Detroit Branch Building, Detroit MI
context_page_description: The Federal Reserve Bank of Chicago Detroit Branch Office is the only branch office of the Federal Reserve Bank of Chicago. It is part of the 7th district and its code is 7-G. It is currently located at 1600 East Warren Avenue, near I-75 in Detroit's Eastern Market Historic District. The office occupies 17 acres and cost $80 million to build. The Detroit branch was founded in 1927 and is currently headed by Robert Wiley.
  Each branch of the Federal Reserve Banks has a board of either seven or five directors, a majority of whom are appointed by the parent Federal Reserve Bank; the others are appointed by the Board of Governors. Branch directors serve staggered three-year terms. One of the members appointed by the Federal Reserve Board is designated annually as chairman of the board of that Branch in a manner prescribed by the parent Federal Reserve Bank.
context_section_description: 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.
caption: Federal Reserve Bank of Chicago Detroit Branch Historic Building
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