Annual Report 1997 - St. Louis Fed

Click here for a TEXT-ONLY version of the Federal Reserve Bank of St. Louis 1997 Annual Report	Monetary Policy To wring double-digit inflation out of the economy, the Fed increased its emphasis on price stability and communicated its policy decisions more openly.		Bank Supervision To more effectively supervise a changing banking landscape, the Fed shifted from one-size-fits-all to customized bank examinations focused on risk.

		Financial Services Through a revamped financial services management structure and consolidated automation systems, the Fed aggressively promotes electronic payments.