Why St. Louis Received a Federal Reserve Bank

June 03, 2014

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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This blog offers commentary, analysis and data from our economists and experts. Views expressed are not necessarily those of the St. Louis Fed or Federal Reserve System.

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