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Applications & Notices

Federal Reserve Membership

Membership in the Federal Reserve Bank of St. Louis

A Message from James Bullard, President and CEO

Thank you for taking the time to consider the Federal Reserve Bank of St. Louis as your federal banking supervisor.

The Fed has been empowered with broad responsibility for maintaining the stability of our nation's banking and financial system, most notably through our conduct of monetary policy and operation of the discount window. Another very important aspect of this responsibility involves the supervision of all bank holding companies and those state-chartered banks that have selected the Fed as their federal banking supervisor.

As president of the Federal Reserve Bank of St. Louis, I strongly believe that the Fed's role in banking supervision is mutually beneficial to both state member banks and the public. State member banks benefit from our commitment to provide the best possible supervision. We stand by the quality of our examinations, the consistency of our decisions and the professionalism of our staff. The public benefits from our crucial insights into the issues facing the banking community, insights that we gain through our supervisory activities.

We ensure that these insights, and the implications they may pose, become a part of the Fed's deliberations on national and regional banking regulatory and supervisory policy, as well as on national monetary policy itself. Furthermore, our role as a banking supervisor allows us to make informed decisions in our discount window and daylight lending activities. In times of financial stress, we call upon our examiners to help us understand the needs and consequences of providing liquidity to the financial services industry.

Please feel free to contact us for more information about membership in the Federal Reserve Bank of St. Louis.

—Jim Bullard, President and CEO

NEXT: The Fed's Role in Banking Supervision and Regulation