Martha Perine Beard
Welcome to the Memphis Branch of the Federal Reserve Bank of St. Louis, serving western Tennessee, eastern Arkansas and northern Mississippi
. Staff at the Branch is responsible for cash services, bank supervision, community development
and economic education
. Additionally, we are involved in the exchange of economic information. We collect information on what drives the economy in the Midsouth and pass that on to those at the St. Louis office of the Fed who are involved in monetary policymaking and academic research. In turn, information that all of us at the Fed have gathered about the economy is shared with bankers, corporate leaders and the general public in the Memphis Zone.
Obtaining anecdotal economic information (for example, area leaders' perspectives on the economy) is a major role of the Branch's board of directors
. Representing all parts of the Memphis Zone, the seven members of our board play a major role in helping us monitor the economic pulse of the area.
Semiannually, we also meet with business leaders who are members of the St. Louis District's four Industry Councils
(Real Estate, Health Care, Agribusiness and Transportation, the last of which is based in Memphis). These executives from the area are helping in our assessment of economic conditions in these industries, which have been designated as key to the entire District.
Being a strong community partner is also important to the mission of the Memphis Branch. Knowing that we are limited in what Branch staff can do alone, we believe it is important to actively support the work of other civic organizations and nonprofits that are making a difference in the community. In support of this belief, other staff and I are actively involved with community boards and organizations throughout the zone.
The portion of the Bank's web site that is devoted to the Memphis Branch provides information on the local economy through the Burgundy Books
, the Branch version of the Federal Reserve System's Beige Book
. Links to articles that we believe may have interest are also available on the web site. We hope to enhance your knowledge of the Federal Reserve System, as a whole, as we approach the 100th anniversary of the founding of the Federal Reserve.
I am available if you have questions or need additional information.
Martha Perine Beard
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