More than 100 demonstrators protesting corporate greed chose to spend an 13th day camped outside the Federal Reserve Bank of Chicago on Wednesday, despite Chicago police have asked them to move their belongings off the street outside the bank.

"The police are threatening arrests and citations if the supplies (our stuff) are not constantly moving. If you are nearby, come over and help us move our supplies," according to an update on the "Occupy Chicago" website.

"Going forward we need a strategy to keep us constantly moving while maintaining our occupation at the Federal Reserve Bank (La Salle & Jackson)."

Demonstrators hold placards outside the Bank of America in Chicago, the United States, Oct. 5, 2011. More than 100 demonstrators protesting corporate greed chose to spend the 13th day on camping outside the Federal Reserve Bank of Chicago on Wednesday, despite that Chicago police have asked them to move their belongings off the street outside the bank. [Xinhua]

More than 100 protesters remained outside the bank on Wednesday, while other organizers planned to spread their occupation to other areas of the city -- "phase two" of the Occupy Chicago, a movement in solidarity with the protest in New York dubbed "Occupy Wall Street."

According to Occupy Chicago's website, in order to implement " Occupy Chicago, Phase 2 Mobilization", the protesters will have people split into smaller groups of about 15 and target different relevant locations in the area.

The Occupy Chicago Movement, which began with some five " occupiers" on Sept. 23, but has since grown to dozens of demonstrators hitting the streets, came at a time when the American economy is troubled by recession and high unemployment.

Many protestors believe that the current situation is caused by irresponsible financial trading and the stock market. "It's the control that corporations, banks, and money in general has over our government. Corporations will always exist, and it's good that they do, but they need to stop having more power in our democracy than the average American does," according to a comment on the website.

According to local media, signs saying "WE ARE THE 1%" were posted early Tuesday morning at the Chicago Board of Trade Building to a series of windows that appear was a clear jab at the "Occupy Chicago" protesters camped outside.

Laurie Bischel, a spokesperson for CME Group reportedly said that "there were some signs posted by a tenant of 141 W. Jackson, not by CME Group."