Our People. Our Work.
• 1,003 employees, the majority of whom work at the District’s headquarters in St. Louis, with staff also located at branches in Little Rock, Louisville and Memphis. All numbers in this section are for 2012.
• 116 state-chartered banks were under our supervision. The St. Louis Fed also supervised 527 bank holding companies and 21 savings and loan holding companies.
• Nearly 3 billion notes (currency) handled by our Cash Operations department. As the bankers’ bank, the St. Louis Fed received more than 39,000 deposits and
• 20,400 Twitter followers filled nearly 86,000 orders for U.S. currency. and 2,100 likes on Facebook.
• 10,400 business leaders and members of the general public attended 169 speeches given outside the Bank by Bank executives.
• Six times, the Emergency Communications System was activated for weather emergencies, including Hurricane Sandy. The system, developed and run by the St. Louis Fed, is used by the Fed and by state banking departments to notify depository institutions of operational status in the event of natural or other disasters. More than 2,500 financial institutions in 17 states were registered in the system last year.
• More than $30,000 in donations and canned goods raised by employees of the Bank in its annual drive—now in its 19th year—to benefit a local food bank.
• The Bank’s Research department is ranked:
- No. 5 (out of 105) among central banks’ research departments around the world,
- No. 30 (out of 1,270) of all U.S. research institutions /li>
- No. 46 (out of 6,062) of such institutions worldwide.
- Based on RePEc/IDEAS rankings.
• Nearly 5,000 students in the St. Louis metropolitan area were taught the basics of saving during Teach Children to Save Day in April. Volunteers from the St. Louis Fed and commercial banks in the area brought the lessons to classrooms across the region.
• The Export Matchmaker Trade Fair & Conference at the Bank in October was co-sponsored by the Bank’s Community Development department and by the U.S. Small Business Administration. More than 150 small businesses and export companies sent representatives. The event was one of 70 for the department; the were attended by 6,000 people. In addition, the department held more than 150 outreach meetings with community-based organizations, municipal leaders, academics and financial institutions.
• Our Research department had 40 papers either published or accepted in peer-reviewed journals.
• In March, the Treasury Relations and Support Office of the St. Louis Fed worked on Treasury’s behalf to launch the Ready.Save.Grow. public education campaign to promote Treasury’s vision of building a nation of savers and to encourage saving with Treasury securities. At the end of the year, Ready.Save.Grow. had 11,462 Facebook fans.
• More than 11 million unique visitors from 226 countries and territories to the St. Louis Fed-hosted web sites of RePEc (Research Papers in Economics).
• For the second year in a row, our Econ Ed department received the Award of Excellence from Tech & Learning magazine. The department was once again honored for its suite of online economic education tools for teachers.
• The St. Louis Fed’s Student Board of Directors, new in 2012, serves as a bridge between St. Louis-area schools and the Fed. The dozen students meet every other month at the Fed to discuss issues related to economics and personal finance; they also listen to speakers on topics ranging from leadership development to career planning.
• By the end of December, more than $1.18 billion in savings to taxpayers was achieved as a result of the Go Direct campaign, a Treasury initiative to convert federal benefit payments, like Social Security, to electronic delivery. The Treasury Relations and Support Office at the St. Louis Fed manages the Go Direct campaign. During 2012, the campaign helped convert 2,688,586 paper payments to electronic delivery, with the total for the life of the campaign as of December 2012 at 8,786,810.
• 399,330 enrollments of students in online courses related to economic and personal finance education.
• Employees who belong to FEVR (Fed Employee Volunteer Resources) donate their time throughout the year to communitybetterment initiatives. They collect school supplies for needy children, send care packages to troops overseas, mentor and tutor children and adults, and work in soup kitchens, to cite a few examples. Above, some members of the group took part in a community-wide effort to clean up trash at the confluence of the Missouri and Mississippi rivers near St. Louis last spring.
• 28 summer interns. Their work at the Bank culminated in an Intern Expo, at which they showcased their projects to management.
• 23 million pageviews to the Bank’s web sites.
• The Community Development department’s biennial Exploring Innovation Week attracted 300 people to five events held in four major cities of the District. The events focused on entrepreneurship, urbanization, arts as an economic development tool, community development finance and “livability” issues.
• The Bank was named a Top 50 Business by the St. Louis Regional Chamber.
• Six Dialogue with the Fed events, including one in Spanish, attended by more than 800 people and watched by many more via webcast. The Dialogue series, begun in 2011, offers the general public an opportunity to discuss current financial and economic topics with Fed experts.
• 64,200 subscribers to our periodicals.