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Presents a list of working papers from the Federal Reserve Bank of Saint Louis, Missouri in 2003. "Asymmetric Common Trends: An Application of Monetary Policy in a Markov-Switching VECM," by Neville Francis and Michael T. Owyang; "FOMC Forecasts: Is All the Information in the Central Tendency?," by William T. Gavin; "Does Consumer Sentiment Predict Regional Consumption?," by Thomas A. Garrett.

Lists the working papers from the Federal Reserve Bank of Saint Louis, Missouri containing preliminary results of staff research from 1991 to 1996. Includes `Discount Rate Policies of Five Federal Reserve Chairman,' by Daniel L. Thornton; `Dependent Children and Aged Parents: Funding Education and Social Security in an Aging Economy,' by Patricia S. Pollard and Rowena A. Pecchenino.

Ted Balbach served as research director at the Federal Reserve Bank of St. Louis from 1975 to 1992. This paper lauds his contributions during that time, including the expanded influence of the Review, enhanced databases and data publications, and a visiting scholar program that attracted leading economists from around the world. Balbach is remembered fondly as a visionary leader and gracious mentor. [ABSTRACT FROM AUTHOR]

This article was originally presented as a speech to the Chartered Financial Analysts of St. Louis, St. Louis, Missouri, January 17, 2007. [ABSTRACT FROM AUTHOR]

Missouri is the only state with two Federal Reserve Banks, and it has long been alleged that political influence explains why Reserve Banks were placed in both St. Louis and Kansas City. Both the Speaker of the U.S. House of Representatives and a powerful member of the Senate Banking Committee hailed from Missouri, which at the time was a solidly Democratic state. The committee charged with selecting cities for Reserve Banks and drawing the boundaries of Federal Reserve Districts claimed that its decisions were based solely on economic grounds, including existing banking and business ties, transportation and communications networks, and the convenience and preferences of the Fed's future member banks. Both St. Louis and Kansas City were among the top choices of bankers, many of whom had established correspondent relationships with banks in the two cities. St. Louis and Kansas City also served distinct markets-St. Louis to the south and east, and Kansas City to the west and southwest. Moreover, Kansas City dominated its rivals for a Reserve Bank serving western states, especially in terms of banker preferences and railroad connections. Thus, while it is impossible to rule out a role for politics in the selection of either city for a Reserve Bank, let alone both of them, both cities were reasonable choices for Banks on the basis of the stated criteria of the System's founders. [ABSTRACT FROM AUTHOR]

Presents information on the proceedings of the 22nd Annual Economic Policy Conference of the Federal Reserve Bank of Saint Louis on October 16-17, 1997. Three responsibilities of the Federal Reserve System; Discussion on problems for monetary and financial regulation; Lessons learned from the subsequent rise in bank and savings & loan (S&L) failures.

Addresses the criticism placed on the Federal Reserve Bank of Saint Louis, Mississippi. What the Bank learned in monetary policymaking since 1984; Why economic growth does not cause inflation; How to keep inflation low.

Presents a revised measure of the adjusted reserves component of the adjusted monetary base of the Federal Reserve Bank of Saint Louis, Missouri. Depository institutions' required clearing balance contracts with the Federal Reserve; Calculation of the new reserve adjustment magnitude (RAM) adjustment; Classes of depository institutions. INSET: A close-up of the current and new RAM..

The author provides information about the 32nd annual policy conference, which was sponsored by the Federal Reserve Bank of St. Louis, Missouri. He mentions that theme of the conference, "Monetary Policy Under Uncertainty," coordinates with Bill Poole's completion of his service at the Federal Reserve Bank. He remarks that the conference is held in honor to Poole's contributions over the years to policy debate.