There is no Federal Reserve Bank anymore, however it was previously located on the corner of Fort and Shelby.
Federal Reserve Bank of Chicago Detroit Branch Building was created in 1927.
Your bill is actually called a Federal Reserve Note, like modern $20 bills, rather than "a bank note of Chicago". Chicago is simply the Federal Reserve District location that distributed the bill. Please see the question "What is the value of a 1928 US 20 dollar Federal Reserve Note?" for more information.
To clear things up, the bill wasn't made in Chicago. It was printed in Washington for distribution through the Chicago Federal Reserve District. Please see the question "What is the value of a 1934 A 10 dollar Federal Reserve Note?" for values and other information.
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$15 to $35 depending on its condition
$15 to $30 depending on condition
It's still worth one dollar.
The Federal Reserve is responsible for managing the money supply in the U.S.
Establishing the Federal Reserve was the singular achievement of the Federal Reserve Act.
It's actually called the Federal Reserve Bank of Chicago. However all 1928 Federal Reserve Notes had green seals, so please check your bill again and post a new, separate question.
For the purpose of carrying out these day-to-day operations of the Federal Reserve System, the nation has been divided into twelve Federal Reserve Districts, with Banks in Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco.
Federal Reserve Notes are printed by the Bureau of Engraving and Printing at facilities in Washington and Fort Worth. Bills are distributed through the Federal Reserve banks in Boston, New York, Philadelphia, Richmond, Atlanta, St. Louis, Cleveland, Chicago, Kansas City, Dallas, Minneapolis, and San Francisco.