June Burgundy Book Shows Continued Weakening in the Louisville Regional Economy

ST. LOUIS — The June edition of the Burgundy Book, the Federal Reserve Bank of St. Louis' quarterly summary of detailed economic information and data for the Louisville region, is now available. The Louisville region covers 64 counties in western Kentucky and 24 counties in southern Indiana. (To view online visit the Bank's web site: https://research.stlouisfed.org/regecon/district.html)

In addition, MP3 audio of clips of highlights from the Burgundy Book can be heard at: http://www.stlouisfed.org/newsroom/multimedia/audio.cfm. The audio clips feature St. Louis Fed economist and vice president Howard J. Wall commenting on several important economic indices in the Louisville region, including consumer spending, manufacturing, real estate and construction, banking and finance, and agriculture. (NOTE: Reporters who prefer to interview Mr. Wall directly should contact the St. Louis Fed.)

The St. Louis Fed will also release separate, detailed reports on the economies in its Little Rock, Ark., Memphis, Tenn., and St. Louis, Mo., regions on the same day and time.

Future releases of the 2008 Burgundy Books are planned for Sept. 17 and Dec. 17. Each date is approximately two weeks after the release of the Beige Book.

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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