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Maria Hampton, vice president and regional executive of the Louisville Branch of the St. Louis Fed, will retire after 10 years of service, effective Dec. 31, 2014. Before joining the Bank, Hampton served a distinguished career as president of The Housing Partnership and as executive vice president of Liberty National Bank. St. Louis Fed President Jim Bullard and First Vice President Dave Sapenaro praised Hampton’s “outstanding leadership and significant contributions to the success of the Louisville Branch and the district.”
The FDIC has released its 2013 National Survey of Unbanked and Underbanked Households, a third in the series of reports that collects data on the number, demographic characteristics and reasons that some U.S. households remain unbanked or underbanked. Previous studies were published in 2011 and 2009. According to the latest findings, 7.7 percent of households in the U.S. (or one in 13) were unbanked in 2013. Additionally, 20 percent of U.S. households (one in five) were underbanked in 2013, meaning that they had a bank account but also used alternative financial services outside of the banking system. In St. Louis, the report reflects a sharp decline in the percentage of black households that were unbanked. Once ranked the highest in the nation at 31 percent, the number fell to 13.3 percent in 2013.
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Fed in Print: An index of the economic research conducted by the Fed.