Serving the Eighth District
and the Nation

Annual Report 2025

An illustration of a community featuring different people interacting with one another.

Accountability and Oversight: Our Boards of Directors, Council Members and Bank Officers

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Map shows Eighth Federal Reserve District geographic area: all of Arkansas; eastern Missouri; southern Indiana; southern Illinois; western Kentucky; western Tennessee; and northern Mississippi.

We serve the Eighth Federal Reserve District (shaded). View a county-level map.

The Federal Reserve Bank of St. Louis operates as a vital part of the Federal Reserve System. We are one of 12 regional Reserve banks that work alongside the Board of Governors in Washington, D.C., to promote a healthy economy and financial stability. Together, we form the U.S. central bank.

Established in 1914, the St. Louis Fed serves the people of the Eighth Federal Reserve District, which spans all of Arkansas, most of Missouri, and portions of Illinois, Indiana, Kentucky, Tennessee and Mississippi. The St. Louis Fed’s District includes approximately 15 million people and covers more than 180,000 square miles.

Board of Directors Composition

Our operations are guided by a nine-member independent board of directors as required by the Federal Reserve Act of 1913. These directors include local business leaders, bankers and community representatives who provide critical oversight of Bank activities and insight into regional economic conditions.

Beyond our St. Louis headquarters, we maintain three branch locations with dedicated boards in the following cities:

Our directors deliver essential information about economic trends, credit conditions and business developments.

Lal Karsanbhai

The St. Louis Fed and other Reserve banks play an incredibly important role in America’s central bank. The work of Reserve banks affects every American, and as directors of the St. Louis Fed, we are proud to be part of that impact.

– Lal Karsanbhai, chair of the St. Louis Fed’s board of directors; and president and CEO, Emerson Electric Co., in St. Louis

Advisory Structure: Representing Our Communities

To further enhance our regional insights, the St. Louis Fed maintains six specialized advisory councils whose members represent varied industries, financial institutions and communities across our District. These councils provide valuable perspectives on prevailing economic and financial conditions in our region. All of this information informs our work and monetary policy deliberations in Washington, D.C.

Our Leadership Team in 2025

The following links detail the St. Louis Fed’s leadership structure as of April 1, 2026, along with acknowledgments of those who have completed their service since our previous annual report:

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