• IdentificationMSCBT0022
  • TitleChicago Board of Trade records: Series III - Frederick J. Grede secretary correspondence MSCBT0022
  • PublisherSpecial Collections
  • LanguageEnglish
  • RepositorySpecial Collections
  • Physical Description4.25 Linear feet
  • Date1981-1986

Processed by John Rosen, Lindsay Menard, and Kit Fluker November 2010-September 2011. Finding aid by Kit Fluker. Edited and encoded by Jae Lurie April 2012.

[Collection Title], Special Collections and University Archives, University of Illinois at Chicago

The records of the Chicago Board of Trade at the University of Illinois at Chicago are closed for 50 years from the date of record creation. In addition, several boxes of Grede's records are closed to the public. Please contact Special Collections before visiting to ensure that the materials are available to the public.

The Chicago Board of Trade records were received by Special Collections and University Archives in numerous accessions between 1968 and 2000.

Materials from accessions 1968-113, 69-11, 72-44, 72-48, 74-16, 74-33, 75-68, 76-115, 77-53, 77-89, 78-91, 79-42, 81-21, 81-22, 81-23, 81-49, 81-110, 82-46, 83-50, 83-51, 84-28, 84-41, 84-42, 85-29, 86-3, 86-4, 86-5, 86-16, 86-17, 86-18, 91-11, 91-24, 92-11, 92-19, 93-1, 93-21, 93-30, 95-28, 97-2, 97-14, 97-32, 98-2, and 2000-37 were merged into one collection. Materials from each accession may be described in this finding aid.

Files on CBOT officers and departments are filed together and arranged alphabetically. General files are also arranged alphabetically. Records of disciplinary actions and fines correspondence are contained in boxes 1416, 1417, and 1418. Membership notices and agreements are in boxes 1409, 1417, and 1418.

The Chicago Board of Trade (CBOT) was started in 1848 by a small group of Chicago businessmen. The exchange was formed to help structure the grain trade in the Midwest. Before the Chicago Board of Trade came into being, the market for grain was extremely volatile with prices high in the winter and low in the summer, resulting in poor economic conditions for farmers. The early Board of Trade helped to create stable economic conditions for regional farmers and also worked to create standards and grades for various grains along with inspection processes to help ensure buyers received the goods for which they had paid. In 1859 the Illinois legislature granted the Chicago Board of Trade a charter allowing self-regulation. By 1865 the CBOT had a permanent location in the Chicago Chamber of Commerce Building and about 150 members. The Chicago Board of Trade was governed by its members and an elected Board of Directors. Rules and Regulations regarding day-to-day activities of the exchange were amended frequently as the organization responded to the issues of the time. The established organization of the Board of Trade in its early years was mostly maintained over time with revisions to rules and additions and subtractions to the organization based upon the economic, political, and technological climate at the time.

Before his appointment as secretary, Grede worked in the Office of Investigations and Audits, serving as assistant administrator of that department from 1979 to 1982. A small number of his records can be found in Chicago Board of Trade records: Office of Investigations and Audits records.

This record group consists of the files of Frederick J. Grede from 1983, when he served as secretary to the Chicago Board of Trade. The record group contains correspondence, reports, articles, booklets, financial records, newsletters, press releases, and texts of federal rules and guidelines for commodity exchanges. Much of the material consists of internal memoranda and reports. The record group includes material regarding federal taxes, the development of a membership database, and opinions and commentary on options margins. Also present are signed agreements and notices regarding membership status, correspondence regarding fines, and records of disciplinary actions against members, which include findings of the Business Conduct Committee and other CBOT committees. Assistant secretary John B. Cook was responsible for some correspondence.

Boxes 1416, 1417, and 1418 contain restricted materials. For more information please speak with special collections staff.

  • Names
    • Chicago Board of Trade.
    • Cook, John B.
    • Grede, Frederick J.
    • United States. Commodity Futures Trading Commission.
  • Subject
    • Commodity exchanges--Law and legislation.
    • Commodity futures.
    • Futures.
    • Introducing brokers.
  • Geographic Coverage
    • Illinois--Chicago.
    • United States.