Annual Report 2021


Federal Reserve Bank of St. Louis

The Blockchain Revolution: Decoding Digital Currencies

Annual Report 2021


Federal Reserve Bank of St. Louis

The Blockchain Revolution: Decoding Digital Currencies

Our People, Our Work

1,419

St. Louis Fed employees

The Federal Reserve Bank of St. Louis encompasses the Eighth Federal Reserve District, with a head office in St. Louis and branches in Louisville, Ky., Little Rock, Ark., and Memphis, Tenn.

While the COVID-19 pandemic and related disruptions continued in 2021, the Bank remained resilient in its commitment to serving the public through conducting research and analysis on pressing economic issues, providing educational resources and outreach in our communities, and fostering diversity, equity and inclusion in our organization’s mission and business practices. The pandemic limited in-person events, but participation in virtual and hybrid events exceeded attendance of previous years, and other Bank activities remained robust.

This section of the 2021 annual report offers a snapshot of the St. Louis Fed’s impact across the region.

All numbers are as of Dec. 31, 2021, unless otherwise noted.

Providing Thought Leadership through Scholarly Economic Research

Top 2%

ranking for St. Louis Fed President James Bullard on RePEc in several categories, including the h indexRePEc is Research Papers in Economics. The h-index, or Hirsch index, is a compound measure of publications and citations used to highlight research productivity.

Top 8%

in research productivity among all central bank research departments worldwide

Top 3%

among all U.S. research institutions

Top 1%

among all research institutions worldwide

3.8M

economic research items available to search and download for free via IDEASIDEAS is the world’s largest bibliographic database dedicated to economics. This service, provided by RePEc, is hosted by the St. Louis Fed’s Research Division.

55M

page views of the St. Louis Fed’s research site by people in 193 countries

816K+

data series in FRED®, the St. Louis Fed’s free economic database

595K+

items in FRASER®, the St. Louis Fed’s historical digital library

Fostering Financial Stability and Soundness

116

state member banks and 417 bank, financial, and savings and loan holding companies supervised by the St. Louis Fed

934M

currency notes inspected, and 890 million notes deemed fit for circulation

44M

notes removed from circulation, shredded and composted

1,759

suspected counterfeit notes withdrawn from circulation

$7.3B

in improper and stopped payments identified by the Bank in its role as fiscal agent to the U.S. Department of the Treasury and its Do Not Pay program

20,243

hours spent by internal auditors reviewing St. Louis Fed operationsDoes not include time spent on training, administrative work and special projects.

Empowering Communities through Education and Outreach

39,355

banker, regulator and other industry participants engaged in information sessions about financial and regulatory developments

9,507

people registered for 18 events led by the Bank’s Community Development department to promote economic resilience, mobility and equity

28

new investments or initiatives resulting from Community Development work

214

public speaking engagements by Community Development staff

15,329

attendees at presentations requested through the St. Louis Fed’s public speakers bureau

4,106

attendees at St. Louis Fed public dialogue and outreach events

340K+

students reached through educators participating in St. Louis Fed economic education programs

826K+

active engagements in the Bank’s Econ Lowdown economic education curriculum

25

high schoolers on the St. Louis Fed’s student board of directors, now in its 10th year

39

college and eight high school students served as interns, with eight college interns offered full-time employment

Sharing Timely Information about the Economy and the Fed

5.6M

page views on stlouisfed.org, the Bank’s main website

1.5M

page views of the On the Economy and Open Vault blogs, reflecting a 26.4% increase in readership

645,577

page views for the FRED® Blog, which provides analysis on key data found in FRED

690,857

page views for Regional Economist, providing insights on economic issues in today’s headlines

182,377

subscribers to the Bank’s various publications, blogs and newsletters

178,219

followers of the Bank’s social media accounts These platforms include Twitter, Facebook, LinkedIn, Instagram, YouTube and Pinterest.

Embracing Diversity, Equity and Inclusion

88%

of inner-city, majority-minority and all-girls high schools across the Eighth District reached through our economic education resources

45%

of the Bank’s workforce engaged in employee-led resource groups, which are focused on African Americans, Asians, Latino/Hispanic Americans, women, people with disabilities, military veterans and the LGBTQ+ community

Doing Good for the Sake of Good

36,900

pounds of waste recycled, and 18,691 pounds composted, reflecting the Bank’s ongoing commitment to sustainability

$228,333

in employee donations made to the United Way of Greater St. Louis

Endnotes

  1. RePEc is Research Papers in Economics. The h-index, or Hirsch index, is a compound measure of publications and citations used to highlight research productivity.
  2. IDEAS is the world’s largest bibliographic database dedicated to economics. This service, provided by RePEc, is hosted by the St. Louis Fed’s Research Division.
  3. Does not include time spent on training, administrative work and special projects.
  4. These platforms include Twitter, Facebook, LinkedIn, Instagram, YouTube and Pinterest.

 

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