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.

Annual Report Home | Introduction | Chairman's Message
Monetary Policy | Bank Supervision | Financial Services | Conclusion
Financial Statements | Boards of Directors, Economic Advisory Council, and Officers