The Federal Reserve Bank of St. Louis Louisville Branch is a branch of the Federal Reserve Bank of St. Louis established in 1917. [1] The branch is responsible for southern Indiana and central/western Kentucky. [2] The branch is located in the PNC Tower in downtown Louisville. [3]
The following people are on the board of directors as of Jan. 1, 2023: [4]
| Name | Title | Term Expires |
|---|---|---|
| Emerson M. Goodwin (Chair) | Senior Vice President of Business Development, ARcare Bentonville, Arkansas | Dec. 31, 2024 |
| Tara E. Barney | Former CEO, Evansville Regional Economic Partnership Evansville, Indiana | Dec. 31, 2026 |
| Dave W. Christopher Sr. | Executive Director, AMPED Louisville Louisville, Kentucky | Dec. 31, 2024 |
| Condrad Daniels | President, HJI Supply Chain Solutions | Dec. 31, 2026 |
| James A. Hillebrand | Chairman and CEO, Stock Yards Bank & Trust | Dec. 31, 2025 |
| David E. Tatman | Assistant Plant Manager and Director of Engineering, Bendix Commercial Vehicle Systems | Dec. 31, 2025 |
| Carrie A. Warren | President, Bank of Buffalo | Dec. 31, 2026 |
The St. Louis Fed's Louisville branch [2] is led by Regional Executive Seema Sheth, who currently serves on the board of Metro United Way [5] as well as the vice president and governance chair of Actors Theatre of Louisville. She has been recognized as a MOSAIC Award recipient by the Jewish Career and Family Services Foundation, [6] the Girl Scouts of Kentuckiana, [7] and by Louisville Business First as one of the 20 people to know in finance and has been featured in TOPS Louisville, Style Blueprint and Today's Woman magazines as a leader in business. [8]
The Federal Reserve System is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics 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.
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 Act of 1913. The banks are jointly responsible for implementing the monetary policy set forth by the Federal Open Market Committee, and are divided as follows:
William McChesney Martin Jr. was an American business executive who served as the 9th chairman of the Federal Reserve from 1951 to 1970, making him the longest holder of that position. He was nominated to the post by President Harry S. Truman and reappointed by four of his successors. Martin, who once considered becoming a Presbyterian minister, was described by a Washington journalist as "the happy Puritan".
The Federal Reserve System has faced various criticisms since it was authorized in 1913. Nobel laureate economist Milton Friedman and his fellow monetarist Anna Schwartz criticized the Fed's response to the Wall Street Crash of 1929 arguing that it greatly exacerbated the Great Depression. More recent prominent critics include former Congressman Ron Paul.
The Federal Reserve Bank of San Francisco is the federal bank for the twelfth district in the United States. The twelfth district is made up of nine western states—Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington—plus the Northern Mariana Islands, American Samoa, and Guam. The San Francisco Fed has branch offices in Los Angeles, Portland, Salt Lake City, and Seattle. It also has a cash processing center in Phoenix.
The Federal Reserve Bank of Kansas City is located in Kansas City, Missouri and covers the 10th District of the Federal Reserve, which includes Colorado, Kansas, Nebraska, Oklahoma, Wyoming, and portions of western Missouri and northern New Mexico. It is second only to the Federal Reserve Bank of San Francisco in size of geographic area served. Missouri is the only state with two main Federal Reserve Banks; the other is located in St. Louis.
The Federal Reserve Bank of Minneapolis, located in Minneapolis, Minnesota, in the United States, covers the 9th District of the Federal Reserve, which is made up of Minnesota, Montana, North and South Dakota, northwestern Wisconsin, and the Upper Peninsula of Michigan. Although its geographical territory is the third largest of the 12 Federal Reserve banks, it serves the smallest population base of the system. It has one branch, which is in Helena, Montana.
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.
The Federal Reserve Bank of Chicago is one of twelve Federal Reserve Banks that, along with the Federal Reserve Board of Governors, make up the Federal Reserve System, the United States' central bank. The Chicago Fed serves the Seventh District, which encompasses the northern portions of Illinois and Indiana, southern Wisconsin, the Lower Peninsula of Michigan, and the state of Iowa. In addition to participation in the formulation of monetary policy, each Reserve Bank supervises member banks and bank holding companies, provides financial services to depository institutions and the U.S. government, and monitors economic conditions in its District.
The Federal Reserve Bank of Atlanta,, is the sixth district of the 12 Federal Reserve Banks of the United States and is headquartered in midtown Atlanta, Georgia.
William Poole was the eleventh chief executive of the Federal Reserve Bank of St. Louis. He took office on March 23, 1998, and began serving his full term on March 1, 2001. In 2007, he served as a voting member of the Federal Open Market Committee, bringing his District's perspective to policy discussions in Washington. Poole stepped down from the Fed on March 31, 2008.
James Brian Bullard is the former chief executive officer and 12th president of the Federal Reserve Bank of St. Louis, a position he held from 2008 until August 14, 2023. In July 2023, he was named dean of the Mitchell E. Daniels Jr. School of Business at Purdue University.
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 branch is responsible for the western 2/3 of the state of Arkansas.
The Reserve Bank of Dallas El Paso Branch is one of three branches of the Federal Reserve Bank of Dallas. The branch is located in downtown El Paso, Texas at 301 E. Main St.
James Morgan McKelvey Jr. is an American billionaire businessman, who is the co-founder of Block, Inc. McKelvey was appointed as an independent director of the Federal Reserve Bank of St. Louis in January 2017. As of July 2023, his net worth was estimated at US$2 billion.
Kathleen "Kathy" Mazzarella has been the Chief Executive and President of Graybar Electric Co. since June 1, 2012. In addition, she has been the Chairman of Graybar Electric Co. since January 1, 2013. As of May 2020, she is one of only 37 women CEOs of the Fortune 500.
George Paz was the chairman, and former CEO, of Express Scripts, a Fortune 100 company, and the largest pharmacy benefit management (PBM) organization in the US.
The Federal Reserve Bank Building, also known as the Federal Reserve Bank of San Francisco, Seattle Branch, served as the offices of the Seattle branch of the Federal Reserve Bank of San Francisco for over 50 years, from 1951 to 2008.
Thomas I. Barkin is an American central banker, who became the eighth president and CEO of the Federal Reserve Bank of Richmond on January 1, 2018. He worked at global management consulting firm McKinsey & Company for 30 years in increasingly senior positions, including as global chief financial officer (CFO) and chief risk officer, with oversight of finance, legal and information technology functions, among others. He also served on the executive committee of the Metro Atlanta Chamber of Commerce, Emory University Board of Trustees member, and former board member and chairman of the Federal Reserve Bank of Atlanta.
Christopher J. Waller is an American economist who is a member of the Federal Reserve Board of Governors since 2020. A nominee of then-President Donald Trump, he was confirmed by the Senate in December 2020, to serve through January 2030.
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