The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
A Look at the 100 Years of Service of the Federal Reserve Bank of St. Louis October 28, 2014 A little more than a century ago, banking panics were not an uncommon occurrence, causing significant instability in the nation’s financial system. The solution was a confederation of independent, regional banks that, together with a Board of Governors in Washington, D.C., would represent the economic interests of businesses and citizens across the country. As the nation’s fourth-largest city and one of its banking centers, St. Louis was a logical choice to locate one of these banks. Additional Resources • Annual Report: 100 Years of Service • Federal Reserve Bank of St. Louis Centennial • On the Economy: Why St. Louis Received a Federal Reserve Bank • On the Economy: How the Eighth Federal Reserve District Was Formed