The Federal Reserve Bank of St. Louis is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., make up the United States' central bank. Missouri is the only state to have two Federal Reserve Banks (Kansas City also has a bank). The St. Louis Fed is the headquarters of the Eighth Federal Reserve District, which includes the state of Arkansas and portions of Illinois, Indiana, Kentucky, Mississippi, the eastern half of Missouri and West Tennessee. It has branches in Little Rock, Louisville and Memphis. The recently renovated building, at 411 Locust Street, was designed by St. Louis firm Mauran, Russell & Crowell in 1924. The Eighth District serves as a center for local, national and global economic research, and provides the following services: supervisory and regulatory services to state-member banks and bank holding companies; cash and coin-handling for the District and beyond; economic education; and community development resources.
Read more about Federal Reserve Bank Of St. Louis: Current Board of Directors, President James B. Bullard
Famous quotes containing the words federal, reserve, bank and/or louis:
“The Federal Constitution has stood the test of more than a hundred years in supplying the powers that have been needed to make the Central Government as strong as it ought to be, and with this movement toward uniform legislation and agreements between the States I do not see why the Constitution may not serve our people always.”
—William Howard Taft (1857–1930)
“Her face had the seamed reserve of the old in this country [Japan]. It was a neighborhood poignantly rich in old ladies.”
—Angela Carter (1940–1992)
“... an adamantine island chained to the shifting bank of the Channel.”
—Christina Stead (1902–1983)
“The child that is not clean and neat,
With lots of toys and things to eat,
He is a naughty child, I’m sure—
Or else his dear Papa is poor.”
—Robert Louis Stevenson (1850–1894)