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 ( Kansas City also has a bank ).
82-497: Missouri's 1st congressional district is in the eastern portion of the state. It includes all of St. Louis City and much of northern St. Louis County , including the cities of Maryland Heights , University City , Ferguson and Florissant . With a Cook Partisan Voting Index rating of D+27, it is the most Democratic district in Missouri. Roughly half of the district's population is African American . Its current representative
164-705: A Mississippi River expedition led by Laclède, who searched for a location to base the company's fur trading operations. Though Ste. Genevieve was already established as a trading center, he sought a place less prone to flooding. He found an elevated area overlooking the flood plain of the Mississippi River, not far south from its confluence with the Missouri and Illinois rivers. In addition to having an advantageous natural drainage system, there were nearby forested areas to supply timber and grasslands which could easily be converted for agricultural purposes. Laclède declared that this place "might become, hereafter, one of
246-526: A customs house was constructed in the Greek Revival style in 1852, but was demolished and replaced in 1873 by the U.S. Customhouse and Post Office . Because much of the city's commercial and industrial development was centered along the riverfront, many pre-Civil War buildings were demolished during construction of the Gateway Arch. The city's remaining architectural heritage of the era includes
328-481: A database of hundreds of thousands time series from national, international, private and public sources. Data series include interest rates, gross domestic product and its components, GDP and gross national product together, employment and population, consumer price indexes, monetary aggregates and Treasury constant maturity. FRED and the other free online data services—ALFRED, CASSIDI and FRASER—are collectively, with other research sites, accessed several million times
410-543: A greater population than New Orleans. Settled by many Southerners in a slave state , the city was split in political sympathies and became polarized during the American Civil War . In 1861, 28 civilians were killed in a clash with Union troops . The war hurt St. Louis economically, due to the Union blockade of river traffic to the south on the Mississippi River. The St. Louis Arsenal constructed ironclads for
492-503: A multi-block district of cobblestone streets and brick and cast-iron warehouses called Laclede's Landing . Now popular for its restaurants and nightclubs, the district is located north of Gateway Arch along the riverfront. Other industrial buildings from the era include some portions of the Anheuser-Busch Brewery , which date to the 1860s. St. Louis saw a vast expansion in variety and number of religious buildings during
574-542: A pan-tribal alliance to counter British control over the region but received little support from the indigenous residents of St. Louis. By 1765, the city began receiving visits from representatives of the British, French, and Spanish governments. St. Louis was transferred to the French First Republic in 1800 (although all of the colonial lands continued to be administered by Spanish officials), then sold by
656-595: A public corridor of 300 feet fronting the river, but later this area was released for private development. For the city's first few years, it was not recognized by any governments. Although the settlement was thought to be under the control of the Spanish government, no one asserted any authority over it, and thus St. Louis had no local government. This vacuum led Laclède to assume civil control, and all problems were disposed in public settings, such as communal meetings. In addition, Laclède granted new settlers lots in town and
738-607: A recount of the votes in November, officially did so in March 1877. The 1877 St. Louis general strike caused significant upheaval, in a fight for the eight-hour day and the banning of child labor. Industrial production continued to increase during the late 19th century. Major corporations such as the Anheuser-Busch brewery, Ralston Purina company and Desloge Consolidated Lead Company were established at St. Louis which
820-495: A symbol of failure in public housing, and was torn down less than two decades after it was built. Since the 1980s, several revitalization efforts have focused on Downtown St. Louis . The urban revitalization projects that started in the 1980s continued into the new century. The city's old garment district , centered on Washington Avenue in the Downtown and Downtown West neighborhoods, experienced major development starting in
902-879: A water route to the Pacific Ocean, but the party had to go overland in the Upper West. They reached the Pacific Ocean via the Columbia River in summer 1805. They returned, reaching St. Louis on September 23, 1806. Both Lewis and Clark lived in St. Louis after the expedition. Many other explorers, settlers, and trappers (such as Ashley's Hundred ) would later take a similar route to the West. The city elected its first municipal legislators (called trustees) in 1808. Steamboats first arrived in St. Louis in 1817, improving connections with New Orleans and eastern markets. Missouri
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#1732787764751984-561: A wide range of national and international audiences. In the 1960s, the St. Louis Fed garnered a reputation as a maverick in the Federal Reserve System because of its espousal of monetarism . Spurred by bank president Darryl Francis and research director Homer Jones , the bank's economists published research showing a direct relationship between the growth of money and inflation. Monetarist theories have since been adopted widely. St. Louis Fed economists previously released
1066-652: A year. Writing at Business Insider , Joe Weisenthal called FRED "The most amazing economics website in the world." The bank also maintains the Research Papers in Economics (RePEc) database, a listing of economics authors and the Economics Departments, Institutes and Research Centers in the World (EDIRC) databases. Former Palestinian Prime Minister Salam Fayyad once served on the staff of
1148-686: Is Democrat Cori Bush , who was first elected in 2020. William Lacy Clay, Jr. , had previously represented the district since 2001, succeeding his father, William Lacy Clay, Sr. Bush, a progressive and leader in the Ferguson protests , beat Clay in the August 4, 2020 primary. Bush had lost the same primary in 2018 by 20 points to Clay. 38°43′42″N 90°17′46″W / 38.72833°N 90.29611°W / 38.72833; -90.29611 St. Louis St. Louis ( / s eɪ n t ˈ l uː ɪ s , s ən t -/ saynt LOO -iss, sənt- )
1230-605: Is an independent city in the U.S. state of Missouri . It is located near the confluence of the Mississippi and the Missouri rivers. In 2020, the city proper had a population of 301,578, while its metropolitan area , which extends into Illinois , had an estimated population of over 2.8 million. It is the largest metropolitan area in Missouri and the second-largest in Illinois. The city's combined statistical area
1312-611: Is an example of the Polish Cathedral style . Among the other major designs of the period were St. Alphonsus Liguori (known as The Rock Church ) (1867) in the Gothic Revival and Second Presbyterian Church of St. Louis (1900) in Richardsonian Romanesque . By the 1900 census , St. Louis was the fourth largest city in the country. In 1904, the city hosted a world's fair at Forest Park called
1394-465: Is designed to increase participation of minority- and women-owned businesses in Bank procurement needs, further diversify the St. Louis Fed's workforce at all levels, and support financial literacy efforts at inner-city, girls' and majority-minority high schools. When the Federal Reserve System was established in 1914, the chief executive officers of the regional banks were known as Governors. The position
1476-671: Is home to fifteen Fortune 1000 companies, seven of which are also Fortune 500 companies. Federal agencies headquartered in the city or with significant operations there include the Federal Reserve Bank of St. Louis , the U.S. Department of Agriculture , and the National Geospatial-Intelligence Agency . Major research universities in Greater St. Louis include Washington University in St. Louis , Saint Louis University , and
1558-400: Is tasked with assessing the safety and soundness of financial institutions' assets and operations, the effectiveness of their risk management practices, and their compliance with laws and regulations governing activities and consumer protection. Examiners collect and verify data from financial institutions to ensure an accurate accounting of financial institutions' conditions, as well as data on
1640-470: Is the 20th-largest in the United States. The land that became St. Louis had been occupied by Native American cultures for thousands of years before European settlement . The city was founded on February 14, 1764, by French fur traders Gilbert Antoine de St. Maxent , Pierre Laclède , and Auguste Chouteau . They named it for King Louis IX of France , and it quickly became the regional center of
1722-455: Is the Mississippi River, which separates Missouri from Illinois. The Missouri River forms the northern line of St. Louis County, except for a few areas where the river has changed its course. The Meramec River forms most of its southern line. The urban area of St. Louis has a humid subtropical climate ( Köppen : Cfa ); however, its metropolitan region even to the south may present a hot-summer humid continental climate ( Dfa ), which shows
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#17327877647511804-800: Is the tallest building in St. Louis. During the 1990s, St. Louis saw the construction of the largest United States courthouse by area, the Thomas F. Eagleton United States Courthouse (2000). The Eagleton Courthouse is home to the United States District Court for the Eastern District of Missouri and the United States Court of Appeals for the Eighth Circuit . The most recent high-rise buildings in St. Louis include two residential towers: One Hundred in
1886-500: The Burgundy Books , patterned after the Federal Reserve System's Beige Book , as an economic snapshot of the four zones in the district (Little Rock, Louisville, Memphis and St. Louis). The Burgundy Books collected data and anecdotal feedback from numerous sources to help track the district's consumer spending, commercial and residential real estate, manufacturing and industrial activities, banking data and more. Publication
1968-669: The Illinois Country (also known as Upper Louisiana) were built by the French during the 1690s and early 1700s at Cahokia , Kaskaskia , and Fort de Chartres . Migrants from the French villages on the east side of the Mississippi River , such as Kaskaskia, also founded Ste. Genevieve in the 1730s. In 1764, after France lost the Seven Years' War , Pierre Laclède and his stepson Auguste Chouteau founded what
2050-619: The Louisiana Purchase Exposition , also known as the St. Louis World's Fair, and the Summer Olympics . St. Louis is designated as one of 173 global cities by the Globalization and World Cities Research Network . The GDP of Greater St. Louis was $ 209.9 billion in 2022. St. Louis has a diverse economy with strengths in the service, manufacturing, trade, transportation, and aviation industries. It
2132-517: The Louisiana Purchase Exposition . Its architectural legacy is somewhat scattered. Among the fair-related cultural institutions in the park are the St. Louis Art Museum designed by Cass Gilbert , part of the remaining lagoon at the foot of Art Hill, and the Flight Cage at the St. Louis Zoo . The Missouri History Museum was built afterward, with the profit from the fair. But 1904 left other assets to
2214-683: The Missouri History Museum , and Tower Grove Park and the Botanical Gardens. After the Civil War, social and racial discrimination in housing and employment were common in St. Louis. In 1916, during the Jim Crow Era , St. Louis passed a residential segregation ordinance saying that if 75% of the residents of a neighborhood were of a certain race, no one from a different race was allowed to move in. That ordinance
2296-551: The Missouri River . The Chouteau brothers gained a monopoly from Spain on the fur trade with Santa Fe . French colonists used African slaves as domestic servants and workers in the city. During the negotiations for the 1763 Treaty of Paris , French negotiators agreed to transfer France's colonial territories west of the Mississippi and Missouri rivers to New Spain to compensate for Spanish territorial losses during
2378-736: The St. Louis BattleHawks of the United Football League . The city's attractions include the 630-foot (192 m) Gateway Arch in Downtown St. Louis , the St. Louis Zoo , the Missouri Botanical Garden , the St. Louis Art Museum , and Bellefontaine Cemetery . [REDACTED] Kingdom of France 1690s–1763 [REDACTED] Kingdom of Spain 1763–1800 [REDACTED] French First Republic 1800–1803 [REDACTED] United States 1803–present The area that became St. Louis
2460-463: The Union Navy . Slaves worked in many jobs on the waterfront and on the riverboats. Given the city's location close to the free state of Illinois and others, some slaves escaped to freedom. Others, especially women with children, sued in court in freedom suits , and several prominent local attorneys aided slaves in these suits. About half the slaves achieved freedom in hundreds of suits before
2542-566: The United States Secret Service . The St. Louis Fed holds several events annually for educators, civic and business leaders, bankers and more throughout the district. These include the "Dialogue with the Fed" events for the public, in which St. Louis Fed experts discuss economic matters such as the federal deficit, the financial crisis and unemployment; and "Economic Briefings", where a Fed economist or other expert discusses
Missouri's 1st congressional district - Misplaced Pages Continue
2624-633: The University of Missouri–St. Louis . The Washington University Medical Center in the Central West End neighborhood hosts an agglomeration of medical and pharmaceutical institutions , including Barnes-Jewish Hospital . St. Louis has four professional sports teams : the St. Louis Cardinals of Major League Baseball , the St. Louis Blues of the National Hockey League , St. Louis City SC of Major League Soccer , and
2706-444: The 1970s, leading to a court challenge and interdistrict desegregation agreement. Students have been bused mostly from the city to county school districts to have opportunities for integrated classes, although the city has created magnet schools to attract students. St. Louis, like many Midwestern cities, expanded in the early 20th century due to industrialization, which provided jobs to new generations of immigrants and migrants from
2788-413: The 19th and 20th century, most major cities aggressively annexed surrounding areas as residential development occurred away from the central city; however, St. Louis was unable to do so. Several urban renewal projects were built in the 1950s, as the city worked to replace old and substandard housing. Some of these were poorly designed and resulted in problems. One prominent example, Pruitt–Igoe , became
2870-537: The American Civil War. The printing press of abolitionist Elijah Parish Lovejoy was destroyed for the third time by townsfolk. He was murdered the next year in nearby Alton, Illinois . After the war, St. Louis profited via trade with the West, aided by the 1874 completion of the Eads Bridge , named for its design engineer. Industrial developments on both banks of the river were linked by the bridge,
2952-642: The Central West End neighborhood and One Cardinal Way in the Downtown neighborhood. The city is divided into 79 officially-recognized neighborhoods. According to the United States Census Bureau , St. Louis has a total area of 66 square miles (170 km ), of which 62 square miles (160 km ) is land and 4.1 square miles (11 km ) (6.2%) is water. The city is built on bluffs and terraces that rise 100–200 feet above
3034-630: The Eighth District serve on the St. Louis Fed's Community Depository Institutions Advisory Council (CDIAC), which meets twice a year to advise the St. Louis Fed president on the credit, banking and economic conditions facing the members' institutions and communities. The chairman of the St. Louis Fed's CDIAC represents the Eighth District at the Board of Governors' CDIAC meetings, held twice annually. Banking-related publications include quarterly banking performance data, tailored to bank executives in
3116-570: The Eighth District. Executives from organizations throughout the district serve on the St. Louis Fed's Community Development Advisory Council, which was created to keep the St. Louis Fed's president and community development staff informed about development issues and to suggest ways the bank might support local development efforts. The executives are all experts in community and economic development and represent nonprofit organizations, financial institutions, universities, local governments and foundations. Community Development holds many events throughout
3198-596: The Eighth District. The publication Central Banker was discontinued in 2014. As part of Banking Supervision and Regulation, the St. Louis Fed's Community Development department provides financial institutions and others with information on the Community Reinvestment Act (CRA), community and economic development, and issues related to credit access. The department also facilitates partnerships between lenders and their communities and seeks to generate economic development and affordable housing throughout
3280-717: The Federal Reserve Bank of Cleveland became the Fed's single paper check processing and adjustments site and the Federal Reserve Bank of Atlanta became the Fed's single electronic check processing site. The St. Louis Fed provides currency and coin handling services for the Eighth District and beyond, which includes helping to ensure that depository institutions have enough currency and coin to meet public demand through currency ordering and depositing services. The St. Louis Fed also checks currency for fit status (money that can still be circulated), destroys notes that can no longer be circulated and reports counterfeit money to
3362-664: The Federal Reserve Bank of St. Louis, where he did early research on the American Divisia Monetary Aggregates . The St. Louis Fed's Econ Lowdown provides a variety of free online tools for K-16 educators nationwide, including online courses, audio and video podcasts, apps, personal finance chats, and PDF and interactive whiteboard versions of lesson plans. The economics topics covered include basic concepts such as opportunity cost and supply and demand to more complex topics such as comparative advantage and monetary policy . In personal finance,
Missouri's 1st congressional district - Misplaced Pages Continue
3444-555: The French Illinois Country . In 1804, the United States acquired St. Louis as part of the Louisiana Purchase . In the 19th century, St. Louis developed as a major port on the Mississippi River; from 1870 until the 1920 census, it was the fourth-largest city in the country. It separated from St. Louis County in 1877, becoming an independent city and limiting its political boundaries. In 1904, it hosted
3526-576: The French to the U.S. in 1803 as part of the Louisiana Purchase . St. Louis became the capital of, and gateway to, the new territory. Shortly after the official transfer of authority was made, the Lewis and Clark Expedition was commissioned by President Thomas Jefferson. The expedition departed from St. Louis in May 1804 along the Missouri River to explore the vast territory. There were hopes of finding
3608-524: The NFL in 2017, alleging the league breached its own relocation guidelines to profit at the expense of the city. In 2021, the NFL and Rams owner Stan Kroenke agreed to settle out of court with the city for $ 790 million. The architecture of St. Louis exhibits a variety of commercial, residential, and monumental architecture . St. Louis is known for the Gateway Arch , the tallest monument constructed in
3690-464: The South. It reached its peak population of 856,796 at the 1950 census. Suburbanization from the 1950s through the 1990s dramatically reduced the city's population, as did restructuring of industry and loss of jobs. The effects of suburbanization were exacerbated by the small geographical size of St. Louis due to its earlier decision to become an independent city, and it lost much of its tax base. During
3772-774: The U.S. Treasury with a number of functions. The Treasury Division includes the Treasury Relations and Support Office (TRSO), which manages the Federal Reserve System's overall relationships with the U.S. Department of the Treasury's Bureau of the Fiscal Service and Office of Fiscal Assistant Secretary. The St. Louis Fed's Treasury Division supports the following U.S. Treasury programs: Debt Management Services, Fiscal Accounting Operations, Information and Security Services, Payment Management, Revenue Collections Management, and Treasury Security Services. It also serves as
3854-412: The United States at 630 feet (190 m). The Arch pays homage to Thomas Jefferson and St. Louis's position as the gateway to the West. Architectural influences reflected in the area include French Colonial , German , early American , and modern architectural styles. Several examples of religious structures are extant from the pre-Civil War period, and most reflect the common residential styles of
3936-568: The area encountered by early Europeans included the Siouan -speaking Osage people , whose territory extended west, and the Illiniwek . European exploration of the area was first recorded in 1673, when French explorers Louis Jolliet and Jacques Marquette traveled through the Mississippi River valley. Five years later, La Salle claimed the region for France as part of La Louisiane , also known as Louisiana . The earliest European settlements in
4018-446: The area, and parts of the city are karst in nature. This is particularly true of the area south of downtown, which has numerous sinkholes and caves. Most of the caves in the city have been sealed, but many springs are visible along the riverfront. Coal, brick clay , and millerite ore were once mined in the city. The predominant surface rock, known as St. Louis limestone , is used as dimension stone and rubble for construction. Near
4100-659: The board of directors as of January 1, 2023 . (Chair) (Deputy Chair) Congress gave the Federal Reserve responsibility for setting monetary policy under the Federal Reserve Act of 1913 so that actions taken by the central bank would be free from political concerns. Along with the other 11 regional Feds, the St. Louis Fed helps guide the nation's economy by participating on the Federal Open Market Committee. Advised by
4182-484: The central corridor has seen major investment starting in the early 2010s. Between 2013 and 2018, over $ 50 million worth of residential construction has been built in the neighborhood. The population of the neighborhood has increased by 19% from the 2010 to 2020 Census. The St. Louis Rams of the National Football League controversially returned to Los Angeles in 2016. The city of St. Louis sued
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#17327877647514264-567: The city hosted the World's Fair and the Olympics , becoming the first non-European city to host the games. The formal name for the 1904 World's Fair was the Louisiana Purchase Exposition . Permanent facilities and structures remaining from the fair are located in Forest Park , and other notable structures within the park's boundaries include the St. Louis Art Museum , the St. Louis Zoo and
4346-434: The city, like Theodore Link 's 1894 St. Louis Union Station , and an improved Forest Park. One US Bank Plaza , the local headquarters for US Bancorp , was constructed in 1976 in the structural expressionist style. Several notable postmodern commercial skyscrapers were built downtown in the 1970s and 1980s, including the former AT&T building at 909 Chestnut Street (1986), and One Metropolitan Square (1989), which
4428-554: The construction of the Gateway Arch to publicize their effort to gain entry for African Americans into the skilled trade unions, where they were underrepresented. The Department of Justice filed the first suit against the unions under the Civil Rights Act of 1964 . Between 1900 and 1929, St. Louis, had about 220 automakers, close to 10 percent of all American carmakers, about half of which built cars exclusively in St. Louis. Notable names include Dorris, Gardner and Moon. In
4510-521: The current local and national economy. The St. Louis Fed also features research symposiums, educator workshops and special presentations on topics such as the cost of higher education and recession demographics. As with all Federal Reserve banks, the St. Louis Fed established an Office of Minority and Women Inclusion (OMWI) in January 2011, as called for by the Dodd-Frank Act. The St. Louis OMWI
4592-448: The early 19th century. The original St. Louis courthouse was built in 1826 and featured a Federal style stone facade with a rounded portico. However, this courthouse was replaced during renovation and expansion of the building in the 1850s. The Old St. Louis County Courthouse (known as the Old Courthouse ) was completed in 1864 and was notable for having a cast iron dome and for being the tallest structure in Missouri until 1894. Finally,
4674-648: The effect of the urban heat island in the city. The city experiences hot, humid summers and chilly to cold winters. It is subject to both cold Arctic air and hot, humid tropical air from the Gulf of Mexico . The average annual temperature recorded at nearby Lambert–St. Louis International Airport , is 57.4 °F (14.1 °C). 100 and 0 °F (38 and −18 °C) temperatures can be seen on an average 3 and 1 days per year, respectively. Precipitation averages 41.70 inches (1,100 mm), but has ranged from 20.59 in (523 mm) in 1953 to 61.24 in (1,555 mm) in 2015. The highest recorded temperature in St. Louis
4756-426: The finest cities in America". He dispatched his 14-year-old stepson, Auguste Chouteau , to the site, with the support of 30 settlers in February 1764. Laclède arrived at the future town site two months later and produced a plan for St. Louis based on the New Orleans street plan. The default block size was 240 by 300 feet, with just three long avenues running parallel to the west bank of the Mississippi. He established
4838-414: The first part of the century, St. Louis had some of the worst air pollution in the United States . In April 1940, the city banned the use of soft coal mined in nearby states. The city hired inspectors to ensure that only anthracite was burned. By 1946, the city had reduced air pollution by about 75%. De jure educational segregation continued into the 1950s, and de facto segregation continued into
4920-501: The late 1990s as many of the old factory and warehouse buildings were converted into lofts. The American Planning Association designated Washington Avenue as one of 10 Great Streets for 2011. The Cortex Innovation Community , located within the city's Central West End neighborhood, was founded in 2002 and has become a multi-billion dollar economic engine for the region, with companies such as Microsoft and Boeing currently leasing office space. The Forest Park Southeast neighborhood in
5002-415: The late 19th century and early 20th century. The largest and most ornate of these is the Cathedral Basilica of St. Louis , designed by Thomas P. Barnett and constructed between 1907 and 1914 in the Neo-Byzantine style. The St. Louis Cathedral, as it is known, has one of the largest mosaic collections in the world. Another landmark in religious architecture of St. Louis is the St. Stanislaus Kostka , which
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#17327877647515084-507: The money and reserves in the banking system. The Federal Reserve is considered the "lender of last resort" for financial institutions, and the St. Louis Fed is tasked with ensuring adequate liquidity in financial markets by making loans to depository institutions through the "discount window" and allowing the prudent use of intraday credit. The St. Louis Fed processes bank applications for acquisitions and new activities. Twelve senior executives of banks, thrift institutions and credit unions in
5166-423: The north, and the grounds of the Gateway Arch, to the south. Today the road deck has been restored, allowing vehicular and pedestrian traffic to cross the river. The St. Louis MetroLink light rail system has used the rail deck since 1993. An estimated 8,500 vehicles pass through it daily. On August 22, 1876, the city of St. Louis voted to secede from St. Louis County and become an independent city, and, following
5248-449: The offering administrator for the Fed's Term Deposit Facility . Beginning in the mid-2000s, the Federal Reserve consolidated its check-handling services as the number of paper checks fell rapidly in favor of check cards, debit cards and electronic bill payments. The most recently completed payments study (released in late 2010) revealed that more than three-quarters of noncash payments in America were done electronically. On March 3, 2010,
5330-486: The research division staff, President James Bullard contributes informed opinions about national and district conditions, and participates in FOMC decisions concerning monetary policy, including setting the federal funds rate . The St. Louis Fed supervises state-member banks and bank holding companies , and, since the passage of the Dodd-Frank Act , savings and loan holding companies. The Banking Supervision and Regulation division, led by senior vice president Carl White,
5412-401: The second in the Midwest over the Mississippi River after the Hennepin Avenue Bridge in Minneapolis. The bridge connects St. Louis, Missouri to East St. Louis, Illinois . The Eads Bridge became a symbolic image of the city of St. Louis, from the time of its erection until 1965 when the Gateway Arch Bridge was constructed. The bridge crosses the St. Louis riverfront between Laclede's Landing, to
5494-440: The southern boundary of the city of St. Louis (separating it from St. Louis County ) is the River des Peres , practically the only river or stream within the city limits that is not entirely underground. Most of River des Peres was confined to a channel or put underground in the 1920s and early 1930s. The lower section of the river was the site of some of the worst flooding of the Great Flood of 1993 . The city's eastern boundary
5576-399: The surrounding countryside. In hindsight, many of these original settlers thought of these first few years as "the golden age of St. Louis". In 1763, the Native Americans in the region around St. Louis began expressing dissatisfaction with the victorious British, objecting to their refusal to continue to the French tradition of supplying gifts to Natives. Odawa chieftain Pontiac began forming
5658-445: The time. Among the earliest is the Basilica of St. Louis, King of France (referred to as the Old Cathedral ). The Basilica was built between 1831 and 1834 in the Federal style. Other religious buildings from the period include SS. Cyril and Methodius Church (1857) in the Romanesque Revival style and Christ Church Cathedral (completed in 1867, designed in 1859) in the Gothic Revival style. A few civic buildings were constructed during
5740-574: The topics include earning income, taxes, budgeting, saving, banks and credit cards. Economic education staff provide conferences for K-16 educators. Economic Education publishes a newsletter, Page One Economics . Another newsletter, Inside the Vault, was retired in 2015. Another publication, In Plain English, is a multimedia online course on the structure and functions of the Federal Reserve System. Many materials, including personal finance online courses and personal finance chats, are available in Spanish as well as English. The St. Louis Fed supports
5822-443: The war. These areas remained under Spanish control until 1803, when they were transferred to the French First Republic . During the American Revolutionary War , St. Louis was unsuccessfully attacked by British-allied Native Americans in the 1780 Battle of St. Louis . The founding of St. Louis was preceded by a trading business between Gilbert Antoine de St. Maxent and Pierre Laclède (Liguest) in late 1763. St. Maxent invested in
5904-545: The western banks of the Mississippi River, in the Midwestern United States just south of the Missouri -Mississippi confluence . Much of the area is a fertile and gently rolling prairie that features low hills and broad, shallow valleys. Both the Mississippi River and the Missouri River have cut large valleys with wide flood plains. Limestone and dolomite of the Mississippian epoch underlie
5986-430: The year, covering such topics as the impact and possible solutions to foreclosures and vacancies, neighborhood revitalization, rebuilding household balance sheets, and reaching the unbanked and underbanked . Publications include Bridges , a quarterly publication for community organizations and leaders. The St. Louis Fed's research division, led by executive vice president Carlos Garriga, produces economic research for
6068-671: Was 115 °F (46 °C) on July 14, 1954, and the lowest was −22 °F (−30 °C) on January 5, 1884. Federal Reserve Bank of St. Louis Located in downtown St. Louis , the St. Louis Fed is the headquarters of the Eighth Federal Reserve District, which includes the state of Arkansas and portions of Illinois , Indiana , Kentucky , Mississippi , the eastern half of Missouri and West Tennessee . It has branches in Little Rock , Louisville and Memphis . Its building, at 411 Locust Street,
6150-538: Was a center of the Native American Mississippian culture , which built numerous temple and residential earthwork mounds on both sides of the Mississippi River. Their major regional center was at Cahokia Mounds , active from 900 to 1500. Due to numerous major earthworks within St. Louis boundaries, the city was nicknamed as the "Mound City". These mounds were mostly demolished during the city's development. Historic Native American tribes in
6232-423: Was admitted as a state in 1821. St. Louis was incorporated as a city in 1822, and continued to develop largely due to its busy port and trade connections. Immigrants from Ireland and Germany arrived in St. Louis in significant numbers starting in the 1840s, and the population of St. Louis grew from less than 20,000 inhabitants in 1840, to 77,860 in 1850, to more than 160,000 by 1860. By the mid-1800s, St. Louis had
6314-589: Was also home to several brass era automobile companies, including the Success Automobile Manufacturing Company ; St. Louis is the site of the Wainwright Building , a skyscraper designed in 1892 by architect Louis Sullivan . In 1900, the entire streetcar system was shut down by a several months-long strike , with significant unrest occurring in the city & violence against the striking workers. In 1904,
6396-480: Was designed by St. Louis firm Mauran, Russell & Crowell in 1924. The Eighth District serves as a center for local, national and global economic research, and provides the following services: supervisory and regulatory services to state-member banks and bank holding companies; cash and coin-handling for the District and beyond; economic education; and community development resources. The following people serve on
6478-556: Was discontinued after 2015. Research publications include the Review , a journal of national and international economic developments, particularly focusing on their monetary aspects; Economic Synopses , short essays and reports on the economic issues of the day; and The Regional Economist , a magazine with articles written largely by economists but for readers who, for the most part, aren't economists. The St. Louis Fed's research division maintains FRED (Federal Reserve Economic Data) ,
6560-525: Was founded by B. F. Bowles in St. Louis, and at the time no other college in St. Louis County admitted black students. In the first half of the 20th century, St. Louis was a destination in the Great Migration of African Americans from the rural South seeking better opportunities. During World War II , the NAACP campaigned to integrate war factories. In 1964, civil rights activists protested at
6642-518: Was struck down in a court challenge, by the NAACP, after which racial covenants were used to prevent the sale of houses in certain neighborhoods to "persons not of Caucasian race". Again, St. Louisans offered a lawsuit in challenge, and such covenants were ruled unconstitutional by the U.S. Supreme Court in 1948 in Shelley v. Kraemer . In 1926, Douglass University , a historically black university
6724-526: Was to become the city of St. Louis. (French lands east of the Mississippi had been ceded to Great Britain and the lands west of the Mississippi to Spain; Catholic France and Spain were 18th-century allies. Louis XV of France and Charles III of Spain were cousins, both from the House of Bourbon. ) The French families built the city's economy on the fur trade with the Osage, and with more distant tribes along
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