The Bank's president, first vice president and a team of Federal Reserve officers manage the Bank's day-to-day operations. The St. Louis Fed’s Management Committee is the central policymaking body of the Bank and is responsible for setting the direction of the organization.
As required by the Federal Reserve Act of 1913, the St. Louis Fed is supervised by a board of nine directors who are familiar with economic and credit conditions in the District. Similarly, the District's three branches—Little Rock, Louisville and Memphis—each have a board of seven directors who are familiar with conditions in their respective branch zones.
The St. Louis Fed is a corporation chartered under the Federal Reserve Act. It is subject to oversight and supervision by the Board of Governors of the Federal Reserve System. As a corporation, it is governed by a board of directors, whose nine members are selected as provided in the Federal Reserve Act.
All directors are selected for a three-year term of office and may serve two full terms.
A key duty of board members is to provide information to the Bank about economic conditions in the District and in the director's business or area of expertise. In addition, the directors provide oversight of Bank management.
The St. Louis Fed has policies in place relating to conflicts of interest. The Bank also has policies to preserve the independence of the Bank from politics and from undue influence by District bankers, some of whom serve on the board of directors.
For officers and other employees of the Bank, the St. Louis Fed has a code of conduct. In addition, the president and first vice president are subject to the Board of Governors' Voluntary Guide to Conduct for Senior Officials.
For additional information about the Bank's governance practices, ethics rules and forms, including the Bank president's most recent financial disclosure form, contact email@example.com.
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