The Federal Reserve Bank of St. Louis Memphis Branch is a branch of the
Federal Reserve Bank of St. Louis
The Federal Reserve Bank of St. Louis is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., make up the United States' central bank. Missouri is the only state to have two main Federal Reserve Banks (Ka ...
established in 1918.
The branch is responsible for western
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 th ...
, eastern
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 ...
and northern
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. Miss ...
.
The branch is located on Main Street in
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 ...
.
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.
St. Louis Fed , Douglas Scarboro
/ref>
See also
* 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 ...
* 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 ...
* Federal Reserve Districts
A Federal Reserve Bank is a regional bank of the Federal Reserve System, the central banking system of the United States. There are twelve in total, one for each of the twelve Federal Reserve Districts that were created by the Federal Reserve A ...
* Federal Reserve Branches There are 24 Federal Reserve branches. There were 25 branches but in October 2008 the Federal Reserve Bank of New York Buffalo Branch was closed.
List of Federal Reserve branches
* Boston
* New York
** ''Federal Reserve Bank of New York Buffalo B ...
* Federal Reserve Bank of St. Louis
The Federal Reserve Bank of St. Louis is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., make up the United States' central bank. Missouri is the only state to have two main Federal Reserve Banks (Ka ...
* Federal Reserve Bank of St. Louis Little Rock Branch
The Federal Reserve Bank of St. Louis Little Rock Branch is a branch of the Federal Reserve Bank of St. Louis established in 1918. The Branch provided check processing operations until 2003, when these services were moved to the Memphis Branch. The ...
* Federal Reserve Bank of St. Louis Louisville Branch
The Federal Reserve Bank of St. Louis Louisville Branch is a branch of the Federal Reserve Bank of St. Louis established in 1917. The branch is responsible for southern Indiana and central/western Kentucky.
The branch is located in the PNC Tower i ...
* Structure of the Federal Reserve System
The Structure of the Federal Reserve System is unique among all the assets within central banks, with private aspects. It is described as " independent within the government" rather than " independent of government".
The Federal Reserve does n ...
References
Federal Reserve branches
1918 establishments in Tennessee
{{bank-stub