The Federal Reserve Bank of Chicago (FRBC) currently does business with more than 2,000 vendors who provide a wide range of goods and services.
Our purchases include, but are not limited to:
The FRBC uses competitive procedures, which include requests for quotations and requests for proposals, to acquire the goods and services needed from prequalified suppliers. The Bank awards contracts to those suppliers that best meet its needs in terms of price, quality, availability and service.
In most circumstances, the Bank issues its requests for quotations and proposals electronically and requires suppliers to submit their quotations or proposals electronically.
The Federal Reserve Bank of Chicago (FRBC) does not participate in contracts executed by the General Services Administration and is not allowed to purchase goods or services off of federal supply schedules.
Become a Bank Supplier
The Federal Reserve Bank of Chicago has the following core contracted expectations of its suppliers:
- Confirm their commitment to the principle of equal opportunity in employment and contracting
- Comply with all applicable laws and regulations
- Deliver products and services meeting applicable quality and safety standards
- Compliance with The Federal Reserve Bank of Chicago procurement policies
- Adherence to all Ethics and Conflict of Interest policies when dealing with Federal Reserve employees
Self RegistrationThe Bank uses a self-registration tool that allows it to collect information about your organization. The Bank will maintain your information in a prospective supplier database. When an acquisition arises for which the Bank has deemed your organization to be qualified, it may contact you for consideration in that prospective acquisition.
Completing the self-registration process in no way implies that your organization has been added to the Bank's list of qualified suppliers for any particular acquisition, nor does it imply inclusion in any acquisition or award of any acquisition.
Information Technology & National Contracts
Federal Reserve Information technology (FRIT) is a national IT service provider within the FRS. FRIT provides a variety of services for the FRS including operational and project services, enterprise IT architecture, information security policy, and assurance service. FRIT develops and executes national contracts for technology related products and services that, when sourced collectively, provide the best value for multiple Reserve Banks.
The Federal Reserve Bank of Chicago, along with the other 11 Reserve Banks in the Federal Reserve System (FRS), is supported by the National Procurement Office (NPO). The NPO, which is located in the Federal Reserve Bank of Richmond, is a procurement function that develops and executes national contracts for certain goods and services, that when sourced collectively, provide the best value for multiple Reserve Banks that participate under the national contracts.
To be considered for the Bank's information technology or NPO procurements please use the "Contact Us" information, listed at right.