David Wheelock, vice president and deputy director of research for the St. Louis Fed, explains how St. Louis was chosen to be the site for one of the 12 regional banks that were established as part of the new Federal Reserve System. Factors such as population, transportation and banker preferences played significant roles.
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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.