1,483
St. Louis Fed employees
The people of the Federal Reserve Bank of St. Louis serve the public by promoting a healthy economy and strong financial system for all. From the Bank’s head office in St. Louis to our branches in Little Rock, Louisville and Memphis, we represent the Eighth Federal Reserve District and the nation in all we do.
This section of our annual report brings to life our mission and work on behalf of the Fed’s Eighth District in 2023.
In August, the St. Louis Fed formally launched the search process to hire its 13th president and CEO. This followed the Bank’s announcement in July that Jim Bullard was stepping down after 15 years as Bank president to head Purdue University’s business school and that, in accordance with the Federal Reserve Act, First Vice President and Chief Operating Officer Kathy O’Neill was appointed by our board of directors as interim president and CEO.
After a robust, transparent and inclusive national search, consistent with the Federal Reserve Act and upon the approval of the Board of Governors, the St. Louis Fed’s Class B and C directors appointed Alberto Musalem the Bank’s next president and CEO, effective April 2, 2024.
The process to name a new president and CEO was one of the many developments at the St. Louis Fed in 2023. Below, read more about the Bank’s impact in support of the Eighth District.
All numbers are as of Dec. 31, 2023, unless otherwise noted.
Providing Thought Leadership through Scholarly Economic Research
Top 1%
among all research institutions worldwide
Top 2%
among all U.S. research institutions
Top 7%
in research productivity among all central bank research departments worldwide
79M
page views of the St. Louis Fed’s research content by people in 193 countries
823K
data series in FRED®, the St. Louis Fed’s free economic database
658K
items in FRASER®, the St. Louis Fed’s historical digital library
Fostering Financial Stability and Soundness
128
state member banks and 458 bank, financial, and savings and loan holding companies supervised by the St. Louis Fed
$89M
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
977M
currency notes inspected, and 862 million notes deemed fit for circulation
115M
notes removed from circulation and shredded, which equals 127 tons composted
1,905
suspected counterfeit notes withdrawn from circulation
16,424
hours spent by internal auditors reviewing St. Louis Fed operations
Empowering Communities through Education and Outreach
54,981
bankers, regulators and other industry participants engaged in information sessions about financial and regulatory developments
4,749
people registered for 38 events led by the Bank’s Community Development department to promote economic resilience, mobility and equity
11,358
attendees at presentations requested through the St. Louis Fed’s public speakers bureau
3,983
attendees at St. Louis Fed public dialogue and outreach events
5,663
educators trained at 167 economic education workshops, webinars and conferences
865K
active engagements in the Bank’s Econ Lowdown economic education curriculum
49
college and five high school interns, with 11 college interns offered full-time employment
20
high school seniors in the St. Louis Fed’s student board of directors program
Sharing Timely Information about the Economy and the Fed
1.6M
page views of On the Economy and Open Vault, which offer frequent economic analyses and explainers spotlighting timely topics
778K
page views of the FRED® Blog, which provides analysis on key data found in FRED
284K
subscribers to the Bank’s various publications, blogs and newsletters
270K
followers of the Bank’s social media accounts
Embracing Diversity, Equity and Inclusion
99%
of all inner-city, majority-minority and all-girls high schools across the Fed’s Eighth District contacted and offered support from the St. Louis Fed’s Economic Education team
55%
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, the LGBTQ+ community and young professionals
Doing Good for the Sake of Good
34,200
pounds of waste recycled and 234,441 pounds composted, reflecting the Bank’s ongoing commitment to sustainability
$243K
in employee donations made to the United Way of Greater St. Louis
Endnotes
- Hours do not include time spent on training, administrative work and special projects.
- Platforms include X, Facebook, LinkedIn, Instagram, YouTube and Pinterest.
