ST. LOUIS — The Federal Reserve Bank of St. Louis has promoted Edward Nelson to assistant vice president in the Research Division. Nelson joined the Reserve Bank in 2003 as an officer in Research. He has a bachelor's degree in economics from the University of Sydney, and masters and doctoral degrees in economics from Carnegie Mellon University.
With branches in Little Rock, Louisville and Memphis, the Federal Reserve Bank of St. Louis serves the Eighth Federal Reserve District, which includes all of Arkansas, eastern Missouri, southern Indiana, southern Illinois, western Kentucky, western Tennessee and northern Mississippi. The St. Louis Fed is one of 12 regional Reserve banks that, along with the Board of Governors in Washington, D.C., comprise the Federal Reserve System. As the nation's central bank, the Federal Reserve System formulates U.S. monetary policy, regulates state-chartered member banks and bank holding companies, and provides payment services to financial institutions and the U.S. government.
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