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1 Federal Reserve Bank Plaza, Broadway and Locust St. St. Louis, MO 63102 MO Tel. 314-444-8444 Toll Free 800-333-0810 Fax 314-444-8503 |
Type: Private - Member-Owned Banking Authority
On the web:
http://www.stls.frb.org
Employees:
1,215
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 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.
Key numbers for fiscal year ending December, 2008:
Sales: $1,270.0M
Officers:
Chair: Steven H. Lipstein
First VP and COO: David A. Sapenaro
VP, CFO, and SPS Officer: Marilyn K. Corona
