The Memphis Branch

Douglas Scarboro

Douglas Scarboro | View bio

Senior Vice President Douglas Scarboro leads the Memphis Branch of the Federal Reserve Bank of St. Louis, serving western Tennessee, eastern Arkansas and northern Mississippi. Our staff supervise banks, offer cash services for such institutions, participate in community development efforts and provide economic education, among other duties.

More about the Memphis Branch


Memphis Branch Board of Directors: The board provides one of the most direct ways for our team to gauge economic conditions in the region. Representing all parts of the Memphis Zone, the seven board members play a major role in helping the St. Louis Fed monitor the area’s economic pulse.

Advisory Councils and Boards

Industry Councils: The St. Louis Fed’s Industry Councils are a significant part of the conversation. The four councils—health care, real estate, agribusiness and transportation, the last of which is headed by the Memphis regional executive—consist of industry leaders who gather semiannually to discuss business conditions.

Community Depository Institutions Advisory Council: This council is composed of 12 executives of smaller financial institutions across the Eighth District. They advise on the credit, banking and economic conditions facing their institutions and their communities.

Community Development Advisory Council: Leaders from organizations throughout the Eighth Federal Reserve District serve on this council. They represent nonprofit organizations, financial institutions, universities, government and foundations.

Branch Educator Advisory Boards: These educators strengthen the branch’s connections to schools and universities. They provide feedback about St. Louis Fed materials and opportunities for teachers.

Outreach and Education

Man a podium addresses audience.

Douglas Scarboro, regional executive of the Memphis Branch, speaks at a recent Breakfast with the Fed. Events like these in the region help us connect with the communities we serve.

Community development: The Memphis branch hosts community development events and facilitates partnerships with local/regional nonprofits to ensure fair and equal access to credit for low-income populations.

For teachers and students: Our team promotes learning economics and personal finance. Working with advisory boards made up of local educators, we produce lesson plans and online resources.

Memphis Centennial

Founded in 1918, our Memphis Branch was the second of three branches established by the St. Louis Fed. Over a century later, it still helps us serve as a voice of Main Street.

Podcast: Cotton, Cash and the King

Douglas Scarboro discusses how the Memphis Branch evolved over the past 100 years—from cotton receipts to cash services to the King himself, Elvis Presley. View transcript.

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