To mark its centennial, the St. Louis Fed published "100 Years of Service." Read about the birth of the Federal Reserve and how the St. Louis Fed came to be known as the maverick in the Fed system. See how it serves not only financial institutions and the Treasury, but also educators, community development workers, researchers and the public.View Publication
In recent months, Bitcoin and other virtual currencies have fueled the public's imagination as Bitcoin's value against the U.S. dollar skyrocketed and as more and more merchants announced they would begin accepting it as payment. However, the exchange-based and non-regulated nature of virtual currencies makes them vulnerable to volatility and speculative trading and has led to the perception they can be easily used for illegal transactions. Several countries have either banned their use or issued warnings.