1,994 depository institutions—banks, savings & loans, credit unions and holding companies—are located in the Eighth District. These include 75 Fed-supervised state member banks and 624 Fed-supervised holding companies. Last year, four banks and 16 holding companies were started in the District, and there were two failures (one bank and one credit union, neither supervised by the Fed).

 
396 loans to depository institutions for a total dollar value of $974 million.
46,120,000 Treasury checks processed, an increase of 64 percent from the previous year.
4 is average number of suspected counterfeit bills found a day in money turned over to the St. Louis office by banks for processing and storing. The bills are turned over to the Secret Service.
Approximately $1.6 trillion in federal taxes on businesses processed through the Treasury Tax & Loan program for the U.S. Treasury.
5,500 calls a month handled by Treasury Relations and Systems Support staff members. They deal with more than 10,000 financial institutions nationwide.
25 workshops on risk management were facilitated by the Bank’s Risk Management Consulting department.
34,189 statistical reports from financial institutions and other respondents were processed.
5,435,469 hits to the newly designed web site from the time it went live in the middle of August until the end of the year.
1,165,805,000 commercial checks processed (down 0.7 percent from 2001), with a total dollar value of $696 billion (up 12 percent).
520 depository institutions had a total balance of $478,795,726 in Fed accounts at year’s end. The money represents required reserves and discretionary funds needed for settling transactions.
26,949,000 food coupons destroyed. That’s 28 percent more than the previous year, thanks, in large part, to consolidation of this work in Memphis and Richmond, Va.
1,603 people who attended 29 economic education events held across the District. These included seven high-school students from St. Louis who made it to the Fed Challenge’s “final four” in Washington, the highest level attained by any team from our district, and 35 teachers who participated in the weeklong Money and Banking course during the summer for college credit.
8 million hits for the year to the FRED (Federal Reserve Economic Data) database, the Internet’s most popular noncommercial web site for U.S. economic data. The Research Division implemented a new, enhanced version of FRED in 2002. Hits rose 23 percent from 2001.

$280 million in interest earned for the U.S. Treasury through Treasury Tax & Loan investments at qualified financial institutions.

216,487,000 postal money orders processed.
171 citations in professional journals and elsewhere to the work of Research Division economists.
The Bank had net income of $877 million, with $816 million of that profit turned over to the U.S. Treasury, $11 million paid out to member banks and $50 million kept as surplus.

Back to the top ....| .. <<Back....|.... Next >>