Senior Vice President Robert Hopkins leads the Little Rock Branch of the Federal Reserve Bank of St. Louis, serving the majority of Arkansas, except northeast Arkansas. Our staff supervise banks, offer cash services for such institutions, participate in community development efforts and provide economic education, among other duties.
On Thursday, Jan. 10, St. Louis Fed President James Bullard outlined his perspective on monetary policy in 2019 at Power Up Little Rock, an event hosted by the Little Rock Regional Chamber. The audience included about 200 business and civic leaders.
Bullard was on a two-day tour of Little Rock, Ark., where the St. Louis Fed has a Branch. Besides meeting with business and civic leaders, Bullard toured Dassault Falcon Jet’s local manufacturing facility and met entrepreneurs at The Venture Center, a local business accelerator, on Thursday. Speaking engagements and visits to local businesses allow Bullard to deepen his understanding of the concerns and issues facing Main Street.
On Thursday evening, he attended a special reception commemorating the Branch’s centennial. On Friday, he met with current and former members of the Branch’s board of directors.
Ray Dillon is the former chairman of the Little Rock Branch board of directors and former CEO of Arkansas-based Deltic Timber Corp. He now serves on the St. Louis Fed’s real estate council. Dillon respects how much attention is paid to gathering accurate data — “real data from the grassroots level of this country” — to help form monetary policy.
Learn about upcoming events, news and data pertaining to the Little Rock Zone.
The Little Rock Branch’s board of directors provides one of the most direct ways for Branch staff to gauge the economic conditions of the area. Representing all parts of the Little Rock Zone, the seven members of the board play a major role in helping the St. Louis Fed monitor the economic pulse of the area.
The St. Louis Fed’s Industry Councils are also a significant part of the conversation. The four councils—Health Care, Real Estate, Transportation and Agribusiness, the last of which is headed by the Little Rock regional executive—consist of industry leaders around the District who gather semiannually to discuss business conditions.
Executives from organizations throughout the Federal Reserve's Eighth District serve on the Bank’s Community Development Advisory Council. The executives represent nonprofit organizations, financial institutions, universities, government and foundations.
Members of the Educator Advisory Boards strengthen the Branch’s connections to schools and universities, and provide feedback about materials and opportunities for teachers.
The Little Rock Branch hosts and sponsors community development events and facilitates partnerships with local and regional nonprofits to ensure fair and equal access to credit for low-income populations.
The economic education staff promotes the teaching and learning of economics and personal finance. By working with advisory boards of local educators, the staff produces online curriculum and other lesson plans to benefit students in the region.