The St. Louis Fed at 100: Reflections on the "Maverick" Reserve Bank

May 6, 2014
David Wheelock

Presentation (.pdf)

The Federal Reserve Bank of St. Louis was chartered 100 years ago this May. In commemoration of this milestone, this Dialogue with the Fed featured an engaging look back at the 100-year history of the Federal Reserve Bank of St. Louis and its branches in Little Rock, Louisville and Memphis.

David Wheelock, a St. Louis Fed vice president and economic historian, led a discussion about how and why St. Louis was chosen to be the site of one of the nation's 12 regional Federal Reserve banks (and why Missouri happens to be the only state with two); the roles of the St. Louis Fed and the Federal Reserve System; and why the St. Louis Fed became proudly known as the "maverick" Reserve bank for bucking conventional wisdom about monetary policy and inflation.

Following the presentation, Wheelock was joined by Mary Karr, senior vice president and general counsel, and Julie Stackhouse, senior vice president, Banking Supervision and Regulation, for a question-and-answer session with the audience that was moderated by Memphis Branch Regional Executive Martha Perine Beard.

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