A previous blog post explains why St. Louis received a Federal Reserve Bank when the Federal Reserve System was established 100 years ago. In this video, David Wheelock, vice president and deputy director of research for the St. Louis Fed, discusses the formation of the boundaries of the Eighth Federal Reserve District, which is served by the St. Louis Fed. Area business leaders and bankers put considerable effort toward securing the St. Louis Fed a large district.
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The St. Louis Fed On the Economy blog features relevant commentary, analysis, research and data from our economists and other St. Louis Fed experts.
Views expressed are not necessarily those of the Federal Reserve Bank of St. Louis or of the Federal Reserve System.