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Federal Reserve Bank Of St. Louis Memphis Branch
The Federal Reserve Bank of St. Louis Memphis Branch is a branch of the Federal Reserve Bank of St. Louis established in 1918. The branch is responsible for western Tennessee, eastern Arkansas and northern Mississippi. The branch is located on Main Street in downtown Memphis, Tennessee. Current Board of Directors The following people are on the board of directors as of Jan. 14, 2022: Memphis Branch Regional Executive The St. Louis Fed’s Memphis branch is led by Regional Executive Douglas Scarboro, who currently serves on the following boards in Memphis: the Better Business Bureau, Economic Club of Memphis, Greater Memphis Chamber, Barret School of Banking, Start Co., Church Health and LeBonheur Hospital National Leadership Council. He has completed the Leadership Development Intensive and Fellows programs at the New Memphis Institute, the Executive program at Leadership Memphis and named to the Top 40 Under 40 list by the Memphis Business Journal. See also * Federal Reserve ...
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Federal Reserve Bank Of St
Federal or foederal (archaic) may refer to: Politics General *Federal monarchy, a federation of monarchies *Federation, or ''Federal state'' (federal system), a type of government characterized by both a central (federal) government and states or regional governments that are partially self-governing; a union of states *Federal republic, a federation which is a republic *Federalism, a political philosophy *Federalist, a political belief or member of a political grouping *Federalization, implementation of federalism Particular governments *Federal government of the United States **United States federal law **United States federal courts *Government of Argentina *Government of Australia *Government of Pakistan *Federal government of Brazil *Government of Canada *Government of India *Federal government of Mexico *Federal government of Nigeria *Government of Russia *Government of South Africa *Government of Philippines Other *''The Federalist Papers'', critical early arguments in fav ...
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Tennessee
Tennessee ( , ), officially the State of Tennessee, is a landlocked state in the Southeastern region of the United States. Tennessee is the 36th-largest by area and the 15th-most populous of the 50 states. It is bordered by Kentucky to the north, Virginia to the northeast, North Carolina to the east, Georgia, Alabama, and Mississippi to the south, Arkansas to the southwest, and Missouri to the northwest. Tennessee is geographically, culturally, and legally divided into three Grand Divisions of East, Middle, and West Tennessee. Nashville is the state's capital and largest city, and anchors its largest metropolitan area. Other major cities include Memphis, Knoxville, Chattanooga, and Clarksville. Tennessee's population as of the 2020 United States census is approximately 6.9 million. Tennessee is rooted in the Watauga Association, a 1772 frontier pact generally regarded as the first constitutional government west of the Appalachian Mountains. Its name derives from "Tanas ...
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Arkansas
Arkansas ( ) is a landlocked state in the South Central United States. It is bordered by Missouri to the north, Tennessee and Mississippi to the east, Louisiana to the south, and Texas and Oklahoma to the west. Its name is from the Osage language, a Dhegiha Siouan language, and referred to their relatives, the Quapaw people. The state's diverse geography ranges from the mountainous regions of the Ozark and Ouachita Mountains, which make up the U.S. Interior Highlands, to the densely forested land in the south known as the Arkansas Timberlands, to the eastern lowlands along the Mississippi River and the Arkansas Delta. Arkansas is the 29th largest by area and the 34th most populous state, with a population of just over 3 million at the 2020 census. The capital and most populous city is Little Rock, in the central part of the state, a hub for transportation, business, culture, and government. The northwestern corner of the state, including the Fayetteville–Springdaleâ ...
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Mississippi
Mississippi () is a state in the Southeastern region of the United States, bordered to the north by Tennessee; to the east by Alabama; to the south by the Gulf of Mexico; to the southwest by Louisiana; and to the northwest by Arkansas. Mississippi's western boundary is largely defined by the Mississippi River. Mississippi is the 32nd largest and 35th-most populous of the 50 U.S. states and has the lowest per-capita income in the United States. Jackson is both the state's capital and largest city. Greater Jackson is the state's most populous metropolitan area, with a population of 591,978 in 2020. On December 10, 1817, Mississippi became the 20th state admitted to the Union. By 1860, Mississippi was the nation's top cotton-producing state and slaves accounted for 55% of the state population. Mississippi declared its secession from the Union on January 9, 1861, and was one of the seven original Confederate States, which constituted the largest slaveholding states in t ...
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Downtown Memphis, Tennessee
Downtown Memphis, Tennessee is the central business district of Memphis, Tennessee and is located along the Mississippi River between Interstate 40 to the north, Interstate 55 to the south and I-240 to the east, where it abuts Midtown Memphis. It is home to the Memphis Redbirds, the AAA affiliate of the St. Louis Cardinals, and the Memphis Grizzlies NBA team. History Downtown is the oldest part of the city and includes the riverfront and the bluffs overlooking the Mississippi River. The founders of Memphis dedicated the riverfront to the public "now and forever" as long as the public use continued. The land overlooking the riverfront was originally planned to become a "public promenade" to be called ''Mississippi Row''. The upper riverfront became the site of the river landing where steamboats were loaded with cotton and other goods in the 19th and early 20th centuries. Between 1844 and 1886 the river landing was paved with limestone and granite cobblestones brought in from the u ...
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Memphis, Tennessee
Memphis is a city in the U.S. state of Tennessee. It is the seat of Shelby County in the southwest part of the state; it is situated along the Mississippi River. With a population of 633,104 at the 2020 U.S. census, Memphis is the second-most populous city in Tennessee, after Nashville. Memphis is the fifth-most populous city in the Southeast, the nation's 28th-largest overall, as well as the largest city bordering the Mississippi River. The Memphis metropolitan area includes West Tennessee and the greater Mid-South region, which includes portions of neighboring Arkansas, Mississippi and the Missouri Bootheel. One of the more historic and culturally significant cities of the Southern United States, Memphis has a wide variety of landscapes and distinct neighborhoods. The first European explorer to visit the area of present-day Memphis was Spanish conquistador Hernando de Soto in 1541. The high Chickasaw Bluffs protecting the location from the waters of the Mississipp ...
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Dyersburg, Tennessee
Dyersburg is a city and the county seat of Dyer County, Tennessee, United States. It is located in northwest Tennessee, northeast of Memphis on the Forked Deer River. The population was 16,164 at the 2020 census, down 5.72% from the 2010 census. History Early history The lands that make up Dyersburg once belonged to the Chickasaw people. The final treaty by which they relinquished all of West Tennessee was signed in 1818. 19th century The first European settlers began to arrive in the area around 1819. In 1823, the Tennessee General Assembly passed an act to establish two new counties immediately west of the Tennessee River, Dyer County being one of them. John McIver and Joel H. Dyer donated for the new county seat, named Dyersburg, at a central location within the county known as "McIver's Bluff". In 1825, Dyer surveyed the town site into 86 lots. The first courthouse was built on the square in 1827. The current Classical Revival-style courthouse, designed by Asa Biggs in 19 ...
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Jonesboro, Arkansas
Jonesboro is a city located on Crowley's Ridge in the northeastern corner of the U.S. State of Arkansas. Jonesboro is one of two county seats of Craighead County. According to the 2020 Census, the city had a population of 78,576 and is the fifth-largest city in Arkansas. In 2020, the Jonesboro metropolitan area had a population of 133,860 and a population of 179,932 in the Jonesboro-Paragould Combined Statistical Area. Jonesboro is the home of Arkansas State University and is the cultural and economic center of Northeast Arkansas. History The Jonesboro area was first inhabited for thousands of years by indigenous peoples. At the time of European encounter, historic tribes included the Osage, the Caddo, and the Quapaw. The name of the state of Arkansas comes from the Quapaw language. French and Spanish traders and trappers had relations with these groups. After the United States acquired this territory in the Louisiana Purchase of 1803, American settlers eventually made ...
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Tupelo, Mississippi
Tupelo () is a city in and the county seat of Lee County, Mississippi, United States. With an estimated population of 38,300, Tupelo is the sixth-largest city in Mississippi and is considered a commercial, industrial, and cultural hub of North Mississippi. Tupelo was incorporated in 1866. The area had earlier been settled as "Gum Pond" along the Mobile and Ohio Railroad. On February 7, 1934, Tupelo became the first city to receive power from the Tennessee Valley Authority, thus giving it the nickname "The First TVA City". Much of the city was devastated by a major tornado in 1936 that still ranks as one of the deadliest tornadoes in American history. Following electrification, Tupelo boomed as a regional manufacturing and distribution center and was once considered a hub of the American furniture manufacturing industry. Although many of Tupelo's manufacturing industries have declined since the 1990s, the city has continued to grow due to strong healthcare, retail, and financia ...
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Greenwood, Mississippi
Greenwood is a city in and the county seat of Leflore County, Mississippi, United States, located at the eastern edge of the Mississippi Delta region, approximately 96 miles north of the state capital, Jackson, and 130 miles south of the riverport of Memphis, Tennessee. It was a center of cotton planter culture in the 19th century. The population was 15,205 at the 2010 census. It is the principal city of the Greenwood Micropolitan Statistical Area. Greenwood developed at the confluence of the Tallahatchie and the Yalobusha rivers, which form the Yazoo River. History Native Americans The flood plain of the Mississippi River has long been an area rich in vegetation and wildlife, fed by the Mississippi and its numerous tributaries. Long before Europeans migrated to America, the Choctaw and Chickasaw Indian nations settled in the Delta's bottomlands and throughout what is now central Mississippi. They were descended from indigenous peoples who had lived in the area for tho ...
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Federal Reserve Act
The Federal Reserve Act was passed by the 63rd United States Congress and signed into law by President Woodrow Wilson on December 23, 1913. The law created the Federal Reserve System, the central banking system of the United States. The Panic of 1907 convinced many Americans of the need to establish a central banking system, which the country had lacked since the Bank War of the 1830s. After Democrats won unified control of Congress and the presidency in the 1912 elections, President Wilson, Congressman Carter Glass, and Senator Robert Latham Owen crafted a central banking bill that occupied a middle ground between the Aldrich Plan, which called for private control of the central banking system, and progressives like William Jennings Bryan, who favored government control over the central banking system. Wilson made the bill a top priority of his New Freedom domestic agenda, and he helped ensure that it passed both houses of Congress without major amendments. Later, President ...
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Federal Reserve System
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System. U.S. Congress, Congress established three key objectives for monetary policy in the Federal Reserve Act: maximizing employment, stabilizing prices, and moderating long-term interest rates. The first two objectives are sometimes referred to as the Federal Reserve's dual mandate. Its duties have expanded over the years, and currently also include supervising and bank regulation, regulating ...
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