Overview
Employees
1,156 employees
Revenue
$1 to $2 billion (USD) per year
Headquarters
St. Louis, MO
Category
Diversified Financial Services
With branches in Little Rock, Louisville and Memphis, the Federal Reserve Bank of St. Louis serves the Eighth Federal Reserve District, which includes all of Arkansas, eastern Missouri, southern Indiana, southern Illinois, western Kentucky, western Tennessee and northern Mississippi. The St. Louis Fed is one of 12 regional Reserve banks that, along with the Board of Governors in Washington, D.C., comprise the Federal Reserve System. As the nation's central bank, the Federal Reserve System formulates U.S. monetary policy, regulates state-chartered member banks and bank holding companies, provides payment services to financial institutions and the U.S. government, and promotes community development and financial education. With branches in Little Rock, Louisville and Memphis, the Federal Reserve Bank of St. Louis serves the Eighth Federal Reserve District, which includes all of Arkansas, eastern Missouri, southern Indiana, southern Illinois, western Kentucky, western Tennessee and northern Mississippi. The St. Louis Fed is one of 12 regional Reserve that, along with the Board of Governors in Washington, D.C., comprise the Federal Reserve System. As the nation's central bank, the Federal Reserve System formulates U.S. monetary policy, regulates state-chartered member and bank holding companies, provides payment services to financial institutions and the U.S. government, and promotes community development and financial education. Banks One of 12 regional banks in the Federal Reserve System, the Federal Reserve Bank of St. Louis regulates banks and bank holding companies in its region. Its territory encompasses eastern Missouri, southern Illinois, all of Arkansas, and portions of Indiana, Kentucky, Mississippi, and Tennessee. The bank, operating from four offices, conducts examinations and investigations of member institutions, distributes money, processes checks and payments between banks, issues savings bonds and Treasury securities, and assists the Fed in setting monetary policy. Federal Reserve Banks are not-for-profit and return almost all of their earnings (gleaned mostly from investments in government bonds) to the US Treasury.
