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Regional Roundup

Sunday, July 1, 2007

St. Louis Fed's Web Site Offers Audiocasts on Research Topics

Now you can listen to current Fed research on topics that may affect your bank. The St. Louis Fed is offering audiocasts with economists on selected topics that appeal to a wide audience, including bankers.

Audiocasts are based on published research. The audiocasts are available at and usually last no more than 15 minutes. The files are in .mp3 format and can be played with most media players and saved to your computer.

Current audiocasts include:

  • Payday lending. New York Fed economist Don Morgan speaks on payday lending (interviewed by St. Louis Fed economist Bill Emmons).
  • Tracking livestock. St. Louis Fed economist Michael Pakko discusses the controversial National Animal Identification System.

St. Louis Fed's Annual Report To Focus on Fed's Role in Bank Consolidations

The number of independent banking organizations is about half of what it was in the 1980s as the pace of banking mergers and acquisitions has increased. Nevertheless, banking competition remains healthy on the local level, and the stability of the banking system is as solid as ever. Learn how the Federal Reserve acts to produce these positive outcomes in the St. Louis Fed's 2006 annual report, titled: Checkpoint: The Federal Reserve's Role in Ensuring Safety, Soundness and Competitiveness in a Consolidating Banking Industry. The report will be released in June and will also be available online at

Fed Tells Its Story In Plain English

Just what does the Federal Reserve Bank do? Is it just the "bank for banks"? Or is there more to the story?

The Federal Reserve offers a free DVD, In Plain English, which takes you through the three main entities and three main responsibilities of the Federal Reserve. You can use this resource as part of your bank's orientation and training programs for new tellers, employees and directors. The DVD could also serve as a tool to aid bankers engaged in public discussions or to help teach students about banking as a profession. To order In Plain English DVDs, go to

FFIEC Tells of Lessons Learned from Hurricane Katrina

The FFIEC (Federal Financial Institutions Examination Council) and the Conference of State Bank Supervisors have released Lessons Learned From Hurricane Katrina: Preparing Your Institution for a Catastrophic Event.

The resource is filled with bankers' experiences dealing with widespread communications and power outages and a lack of transportation.

The resource is intended to help others with disaster recovery and business continuity planning and is available at