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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The Federal Reserve is responsible for managing the money supply in the U.S.
$15 to $35 depending on its condition
$15 to $30 depending on condition
It's still worth one dollar.
Establishing the Federal Reserve was the singular achievement of the Federal Reserve Act.
The Federal Reserve was created in 1913
There are twelve Federal Reserve districts in the U.S.
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.