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FRED Blog

The Federal Reserve Bank of St. Louis is the center of the Eighth District of the Federal Reserve System. This District includes Arkansas, eastern Missouri, southern Illinois and Indiana, western Kentucky and Tennessee, and northern Mississippi.

Videos by FRED Blog

Saving and Savings Goals | Explore Economics Sing-along (Grades 2-5)

#kidssongs #learningforchildren #financialliteracy

In Ep. 8 of this video series for elementary students, kids learn about income, spending, saving and savings goals. They are encouraged to save for the future. As an activity, they’ll draw a picture of a personal savings goal — such as a bike, a toy, a soccer ball, or something else — and can post the picture they drew near their piggy bank. Kids also learn a song about savings!

More: https://www.stlouisfed.org/education/exploring-economics-video-series/saving-and-savings-goals

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What Are Consumers and Producers? | Explore Economics Singalong (Grades 2-5)

#kidssongs #learningforchildren #financialliteracy
Ep. 7 helps kids understand that people are both consumers and producers.
-Producers make or grow goods and provide services. For example, a florist is a producer who makes pretty bouquets. A baker is a producer who cooks up yummy cakes, and a painter is a producer who creates artwork for us to admire.
-Consumers are people who buy or use goods and services to satisfy their wants. When you eat your dinner, you will be a consumer of food. You are also a consumer when you go to school. You are consuming knowledge.

Before we start, get a piece of construction paper, a pair of scissors, some markers or crayons, and a book that you are reading. Kids will become "producers" by making their own bookmark, and then be "consumers" by using the

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What Are Goods and Services? | Explore Economics Singalong (Grades 2-5)

#kidssongs #learningforchildren #financialliteracy
Ep. 6 helps kids understand that people buy and use both goods and services.
-Goods are objects that satisfy people’s wants. Pencils, scissors, paper, toys, candy, a bed, a hat and a bike are all examples of goods.
-Services are things people do for us that satisfy our wants. Getting your hair cut or ordering a meal are examples of services.

Make sure you have a piece of paper and some crayons or markers for this lesson. Kids will draw a picture of a good or service that starts with the first letter of their name. Then, they will write a sentence that describes the good or service they drew.

Kids also take a little quiz and learn a song about goods and services!

More:

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Grading Econ Lowdown Assignments in Canvas LMS (3/3)

#teachecon #dataliteracy #lms In Part 3 of this webinar recorded Aug. 24, 2020, host David Perkis walks through how Econ Lowdown integrates with Canvas. He shows: -How to grade short-answer questions when using Econ Lowdown reading Q&As. -How to link and review FRED® Interactives, which include the St. Louis Fed’s powerful macroeconomic data service. -How …

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Grading Econ Lowdown Assignments in Canvas LMS (3/3)

#teachecon #dataliteracy #lms
In Part 3 of this webinar recorded Aug. 24, 2020, host David Perkis walks through how Econ Lowdown integrates with Canvas. He shows:
-How to grade short-answer questions when using Econ Lowdown reading Q&As.
-How to link and review FRED® Interactives, which include the St. Louis Fed’s powerful macroeconomic data service.
-How to include video Q&As, like those available in the Continuing Feducation series.
-How to perform a test reset for your students in one of Econ Lowdown’s acclaimed courses.

(Moderator Andria Matzenbacher helps field chat questions.)

Econ Lowdown offers over 400 no-cost teaching resources for elementary, middle, high school and college. Find resources on personal finance, macroeconomics, microeconomics, social studies, history and

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Find & Assign Econ Lowdown Resources in Canvas LMS (2/3)

#teachecon #virtualclassroom #onlinelearning In Part 2 of this webinar recorded Aug. 24, 2020, host David Perkis shows K-16 educators how to locate free Econ Lowdown resources in Canvas. -Navigate to Assignments. -Under Submission Type, Select External Tool. -Choose Econ Lowdown. The St. Louis Fed’s Econ Lowdown resource gallery offers 400+ (and growing) no-cost resources for …

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Find & Assign Econ Lowdown Resources in Canvas LMS (2/3)

#teachecon #virtualclassroom #onlinelearning
In Part 2 of this webinar recorded Aug. 24, 2020, host David Perkis shows K-16 educators how to locate free Econ Lowdown resources in Canvas.

-Navigate to Assignments.
-Under Submission Type, Select External Tool.
-Choose Econ Lowdown.

The St. Louis Fed’s Econ Lowdown resource gallery offers 400+ (and growing) no-cost resources for teaching elementary, middle, high school and college. Find resources for personal finance, macroeconomics, microeconomics, social studies, history and more: https://www.econlowdown.org.

As an example, Perkis demos the Page One Economics® edition: “COVID-19’s Effects on the Economy and Fed’s Response.”

**Educators: Contact [email protected]** to get Econ Lowdown connected to your

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Add Econ Lowdown in Your School’s Canvas LMS (1/3)

#teachecon #virtualclassroom In Part 1 of this webinar recorded Aug. 24, 2020, host David Perkis of the St. Louis Fed’s economic education team demonstrates how to connect free resources from the Econ Lowdown teacher portal in Canvas. Econ Lowdown – https://www.econlowdown.org – gives instructors access to over 400 no-cost resources for K-16. Find resources for …

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Add Econ Lowdown in Your School’s Canvas LMS (1/3)

#teachecon #virtualclassroom
In Part 1 of this webinar recorded Aug. 24, 2020, host David Perkis of the St. Louis Fed’s economic education team demonstrates how to connect free resources from the Econ Lowdown teacher portal in Canvas.

Econ Lowdown – https://www.econlowdown.org – gives instructors access to over 400 no-cost resources for K-16. Find resources for personal finance, macroeconomics, microeconomics, social studies, history and more.

**Educators: Contact [email protected]** to get Econ Lowdown connected to your school/institution’s Canvas by Instructure LMS.

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Discussing Race and Inequality in the Classroom | 2020 Webinar

This Federal Reserve Education event (recorded Sept. 17, 2020) features economists who draw from years of teaching experience and research to share strategies for discussing race in the economics classroom, whether at the high school or college level. Gary “Hoov” Hoover gives the keynote presentation, “How does race fit into introductory economics courses?” Hoover is …

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Discussing Race and Inequality in the Classroom | 2020 Webinar

This Federal Reserve Education event (recorded Sept. 17, 2020) features economists who draw from years of teaching experience and research to share strategies for discussing race in the economics classroom, whether at the high school or college level.

Gary “Hoov” Hoover gives the keynote presentation, "How does race fit into introductory economics courses?" Hoover is professor and chair, Department of Economics at the University of Oklahoma, and serves as editor of the Journal of Economics, Race and Policy.

Panelists include Ebonya Washington, the Samuel C. Park Jr. Professor of Economics at Yale University; and Dionissi Aliprantis, senior research economist at the Federal Reserve Bank of Cleveland. It is moderated by Mary Suiter, St. Louis Fed economic education officer.

Educators,

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Differences between Nonprofit and For-Profit Colleges | Personal Finance 101

#personalfinance #college Are you considering continuing your education by attending a university, community, or technical college? In addition to public and private colleges and universities (which operate as nonprofit agencies) there are schools that operate for a profit, just like a private business. This video looks at some differences between for-profit and not-for-profit schools so …

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Differences between Nonprofit and For-Profit Colleges | Personal Finance 101

#personalfinance #college
Are you considering continuing your education by attending a university, community, or technical college? In addition to public and private colleges and universities (which operate as nonprofit agencies) there are schools that operate for a profit, just like a private business.

This video looks at some differences between for-profit and not-for-profit schools so you can start thinking about what might be best for you academically, professionally … and for your budget.

Educators, this is Episode 23 in our Personal Finance 101 Conversations series, titled "For-profit, Nonprofit, and Your College Options." More: https://www.stlouisfed.org/education/personal-finance-101-conversations/episode-23-for-profit-nonprofit-college-options

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The Fed in Five | A History of the Federal Reserve

#museumfromhome #museum Experience 100 years of Fed history in just five minutes! This video, which was only previously available inside our museum, takes a look back to the early 1900s to see why the Fed was created … and then flashes forward to see how the Fed has responded to different economic crises. Enjoy more …

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The Fed in Five | A History of the Federal Reserve

#museumfromhome #museum
Experience 100 years of Fed history in just five minutes! This video, which was only previously available inside our museum, takes a look back to the early 1900s to see why the Fed was created … and then flashes forward to see how the Fed has responded to different economic crises.
Enjoy more virtual experience videos: https://www.stlouisfed.org/inside-the-economy-museum/virtual-experience
Follow us here and on Instagram: https://www.instagram.com/economymuseum

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Million Dollar Money Cube | Economy Museum Mini-Tour

#museumfromhome In this virtual museum tour: Standing nearly 7 feet tall, this giant cube represents the size of 1 million Federal Reserve notes. It’s a great place for a pic because you literally look like a million bucks! If the cube actually contained $1 million, it would weigh well over a ton. See our website …

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Million Dollar Money Cube | Economy Museum Mini-Tour

#museumfromhome
In this virtual museum tour:
Standing nearly 7 feet tall, this giant cube represents the size of 1 million Federal Reserve notes. It’s a great place for a pic because you literally look like a million bucks! If the cube actually contained $1 million, it would weigh well over a ton.
See our website to learn the actual number of $1 bills in the cube: https://www.stlouisfed.org/inside-the-economy-museum/virtual-experience
Follow us here and on Instagram for more short videos: https://www.instagram.com/economymuseum

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What Is FRED?

This video shares how the St. Louis Fed economic database, FRED, acts as a repository for data from various data collection agencies, helping users to find, display, save and share data easily. More: https://fredhelp.stlouisfed.org

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What Is FRED?

This video shares how the St. Louis Fed economic database, FRED, acts as a repository for data from various data collection agencies, helping users to find, display, save and share data easily. More: https://fredhelp.stlouisfed.org

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Filling Out the W-4 Form | Personal Finance 101

#personalfinance #employment You need to fill out a W-4 form whenever you start a new job. Employers use the W-4 form, aka the Employee’s Withholding Allowance Certificate, to determine how much to withhold from your paycheck for federal income taxes. This brief video explains how to fill out a W-4, including claiming 0 or 1. …

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Filling Out the W-4 Form | Personal Finance 101

#personalfinance #employment

You need to fill out a W-4 form whenever you start a new job. Employers use the W-4 form, aka the Employee’s Withholding Allowance Certificate, to determine how much to withhold from your paycheck for federal income taxes. This brief video explains how to fill out a W-4, including claiming 0 or 1. (The more personal allowances you claim, the smaller the amount withheld for taxes.) Watch this to learn the basics of taxes, dependents and exemptions.

More: https://www.stlouisfed.org/education/personal-finance-101-conversations/episode-22-w-4-form

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Wood Block Tower | Economy Museum Mini-Tour

#museumfromhome In this virtual museum tour: Just like the wood blocks in the popular game, banking regulations often build on one another. Learn more about this unique exhibit at the Economy Museum by watching our video! Follow us here and on Instagram for more short videos: https://www.instagram.com/economymuseum And see our website for a full-length online …

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U.S. Currency and the Fed | Museum Mini-Lesson

#onlinelearning #museumfromhome We’ve turned our on-site programs virtual! Test your knowledge in this short video. You’ll learn about different denominations of U.S. currency, what makes something valuable as money, and the role the Fed plays in the distribution of money. More: https://www.stlouisfed.org/inside-the-economy-museum

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U.S. Currency and the Fed | Museum Mini-Lesson

#onlinelearning #museumfromhome
We’ve turned our on-site programs virtual! Test your knowledge in this short video. You’ll learn about different denominations of U.S. currency, what makes something valuable as money, and the role the Fed plays in the distribution of money. More: https://www.stlouisfed.org/inside-the-economy-museum

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Econ Lowdown Tutorial: How to Check Student Progress

#teachecon #onlinelearning In this Econ Lowdown tutorial, teachers will learn how to check student progress in the learning portal from the Federal Reserve Bank of St. Louis. This video includes a walk-through on checking student progress on assigned resources, such as reading Q&As, written assessments and FRED Interactives. Econ Lowdown is a FREE platform with …

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Econ Lowdown Tutorial: How to Check Student Progress

#teachecon #onlinelearning
In this Econ Lowdown tutorial, teachers will learn how to check student progress in the learning portal from the Federal Reserve Bank of St. Louis. This video includes a walk-through on checking student progress on assigned resources, such as reading Q&As, written assessments and FRED Interactives.

Econ Lowdown is a FREE platform with online courses and videos for K-12 and college classrooms. It’s designed to help you teach economics to elementary school, middle school, high school and college students. Create online classrooms, build a syllabus using online resources from the St. Louis Fed and monitor student progress at https://www.econlowdown.org

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Gold Bar Exhibit | Economy Museum Mini-Tour

#museumfromhome

In this virtual museum tour: The genuine gold bar is the most popular exhibit at the St. Louis Fed’s Economy Museum. It weighs nearly 28 pounds and is worth nearly $650,000 (as of this recording). We miss our visitors right now, but you can start practicing to lift it!

Follow us here and on Instagram for more short videos: https://www.instagram.com/economymuseum

And see our website for a full-length online tour: https://www.stlouisfed.org/inside-the-economy-museum

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Gold Bar Exhibit | Economy Museum Mini-Tour

#museumfromhome In this virtual museum tour: The genuine gold bar is the most popular exhibit at the St. Louis Fed’s Economy Museum. It weighs nearly 28 pounds and is worth nearly $650,000 (as of this recording). We miss our visitors right now, but you can start practicing to lift it! Follow us here and on …

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Giant Penny | Economy Museum Mini-Tour

#museumfromhome
Here’s one of the coolest displays at the St. Louis Fed’s Economy Museum. It’s also our largest exhibit: the giant penny! While Abe Lincoln stood at 6-foot-4, this giant penny featuring Honest Abe is a massive 8 feet tall. Watch this virtual museum tour to learn the official name of the coin we all call the “penny.”

More: https://www.stlouisfed.org/inside-the-economy-museum

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Giant Penny | Economy Museum Mini-Tour

#museumfromhome Here’s one of the coolest displays at the St. Louis Fed’s Economy Museum. It’s also our largest exhibit: the giant penny! While Abe Lincoln stood at 6-foot-4, this giant penny featuring Honest Abe is a massive 8 feet tall. Watch this virtual museum tour to learn the official name of the coin we all …

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Ancient & Unique Money | Economy Museum Mini-Tour

#museumfromhome
Money hasn’t always been currency or coin; it has actually existed in many different forms. Thousands of years ago, people used objects with trading values to act as “money”—things like rings, porcelain and even knives and axes.

This virtual museum tour gives you a look at the Ancient and Unique Money exhibit at the St. Louis Fed Economy Museum. More: https://www.stlouisfed.org/inside-the-economy-museum

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Ancient & Unique Money | Economy Museum Mini-Tour

#museumfromhome Money hasn’t always been currency or coin; it has actually existed in many different forms. Thousands of years ago, people used objects with trading values to act as “money”—things like rings, porcelain and even knives and axes. This virtual museum tour gives you a look at the Ancient and Unique Money exhibit at the …

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Exploring Econ Lowdown Syllabus Features: Written Assessments, Custom Content, Pre-made Syllabuses

#teachecon #onlinelearning
Teachers, adding custom content to your Econ Lowdown syllabus is easy. Watch this tutorial on how to use the custom content features in the portal from the Federal Reserve Bank of St. Louis. This tutorial will also show you how to save and find previously created syllabuses.

Econ Lowdown is a FREE platform with online courses and videos for K-12 and college classrooms. It’s designed to help you teach economics to elementary school, middle school, high school and college students. Create online classrooms, build a syllabus using online resources from the St. Louis Fed and monitor student progress at https://www.econlowdown.org

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Econ Lowdown Tutorial: How Add Resources to Your Classroom

#teachecon #onlinelearning In this Econ Lowdown tutorial, you’ll learn how to add resources to your classroom created in the learning portal from the St. Louis Fed. This includes a walkthrough on how to add resources to a class syllabus; how to edit a syllabus; and how to publish changes for students to see. Econ Lowdown …

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Econ Lowdown Tutorial: How Add Resources to Your Classroom

#teachecon #onlinelearning
In this Econ Lowdown tutorial, you’ll learn how to add resources to your classroom created in the learning portal from the St. Louis Fed. This includes a walkthrough on how to add resources to a class syllabus; how to edit a syllabus; and how to publish changes for students to see.

Econ Lowdown is a FREE platform with online courses and videos for K-12 and college classrooms. It’s designed to help you teach economics to elementary school, middle school, high school and college students. Create online classrooms, build a syllabus using online resources from the St. Louis Fed and monitor student progress at https://www.econlowdown.org

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Soft Skills – No-Frills Money Skills, Ep. 8

“Soft Skills” is the eighth video in the Federal Reserve Bank of St. Louis series, No-Frills Money Skills. The video stresses the importance of academic preparedness and introduces soft skills and professionalism. By viewing examples using several workplace scenarios, students learn the about the importance of soft skills in the workplace, including communication, cooperation, professionalism, …

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Soft Skills – No-Frills Money Skills, Ep. 8

"Soft Skills" is the eighth video in the Federal Reserve Bank of St. Louis series, No-Frills Money Skills. The video stresses the importance of academic preparedness and introduces soft skills and professionalism. By viewing examples using several workplace scenarios, students learn the about the importance of soft skills in the workplace, including communication, cooperation, professionalism, work ethic, and many others. Students learn several key concepts about interviewing for, obtaining, and keeping a job.
More: https://www.stlouisfed.org/education/no-frills-money-skills-video-series/soft-skills

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Econ Lowdown Tutorial: Exploring the Resource Gallery

#teachecon #onlinelearning In this Econ Lowdown tutorial, you’ll learn about the types of resources available behind the learning portal from the St. Louis Fed. This includes a walk-through on how to use the search filters, as well as additional features in the resource gallery. Econ Lowdown is a FREE platform with online courses and videos …

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Econ Lowdown Tutorial: Exploring the Resource Gallery

#teachecon #onlinelearning
In this Econ Lowdown tutorial, you’ll learn about the types of resources available behind the learning portal from the St. Louis Fed. This includes a walk-through on how to use the search filters, as well as additional features in the resource gallery.

Econ Lowdown is a FREE platform with online courses and videos for K-12 and college classrooms. It’s designed to help you teach economics to elementary school, middle school, high school and college students. Create online classrooms, build a syllabus using online resources from the St. Louis Fed and monitor student progress at https://www.econlowdown.org

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About Investment Connection | St. Louis Fed

The St. Louis Fed’s Investment Connection program brings together bankers, nonprofit organizations, foundations, and public and private funders to meet and explore community development opportunities in the areas they serve, especially those in low- and moderate-income, distressed and underserved communities. It’s a platform for organizations to present Community Reinvestment Act (CRA)-eligible projects. More: www.stlouisfed.org/ic

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About Investment Connection | St. Louis Fed

The St. Louis Fed’s Investment Connection program brings together bankers, nonprofit organizations, foundations, and public and private funders to meet and explore community development opportunities in the areas they serve, especially those in low- and moderate-income, distressed and underserved communities. It’s a platform for organizations to present Community Reinvestment Act (CRA)-eligible projects.
More: www.stlouisfed.org/ic

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Econ Lowdown Tutorial: How to Add Classrooms and Students

#teachecon #onlinelearning #virtuallearning In this Econ Lowdown tutorial, you’ll learn how to add your classroom and students to the online learning portal from the St. Louis Fed. Econ Lowdown is a FREE platform with online courses and videos for K-12 and college classrooms. It’s designed to help you teach economics to elementary school, middle school, …

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Econ Lowdown Tutorial: How to Add Classrooms and Students

#teachecon #onlinelearning #virtuallearning
In this Econ Lowdown tutorial, you’ll learn how to add your classroom and students to the online learning portal from the St. Louis Fed.

Econ Lowdown is a FREE platform with online courses and videos for K-12 and college classrooms. It’s designed to help you teach economics to elementary school, middle school, high school and college students. Create online classrooms, build a syllabus using online resources from the St. Louis Fed and monitor student progress at https://www.econlowdown.org

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Making the Pitch (6/6)

Ready to go? Find out what funders want to hear from organizations pitching their project at a live Investment Connection event.

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How Can Funders Support You? (3/6)

Grants aren’t the only way local funders can support a Community Reinvestment Act (CRA)-eligible project. See other ways funders can get involved. More: https://www.stlouisfed.org/ic

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How Can Funders Support You? (3/6)

Grants aren’t the only way local funders can support a Community Reinvestment Act (CRA)-eligible project. See other ways funders can get involved. More: https://www.stlouisfed.org/ic

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Is Your Project CRA-Eligible? (2/6)

The Investment Connection program helps assess the eligibility of projects under the Community Reinvestment Act, or CRA. Find out what this means. More: https://www.stlouisfed.org/ic | https://www.stlouisfed.org/cra

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Is Your Project CRA-Eligible? (2/6)

The Investment Connection program helps assess the eligibility of projects under the Community Reinvestment Act, or CRA. Find out what this means.

More: https://www.stlouisfed.org/ic | https://www.stlouisfed.org/cra

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How Do Fintech Firms Interact with Banks? | Dialogue with the Fed

Fintech-service firms are drawing consumers by offering choice, speed and flexibility. How do they interact with the traditional commercial banking industry? Julie Stackhouse, formerly of the St. Louis Fed, explains how financial technology (fintech) innovators are reshaping banking, mobile payments and more. This segment is from her November 2019 keynote. Full presentation here: https://www.stlouisfed.org/dialogue-with-the-fed/fintech-transforming-banking

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Will Digital Wallets Replace Cash? | Dialogue with the Fed

The popularity of digital wallets like Cash App, Venmo and Zelle is rising for person-to-person (P2P) transactions. Julie Stackhouse, then-St. Louis Fed executive vice president over Supervision, discusses the financial technology, or “fintech” revolution. What does the future of cash look like? This segment is from her November 2019 keynote. Full presentation here: https://www.stlouisfed.org/dialogue-with-the-fed/fintech-transforming-banking

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What Types of Customer Data Do Fintech Firms Use? | Dialogue with the Fed

To assess customer creditworthiness, fintech lenders may look at credit scores and cash flow data. But these lenders use nontraditional data, too. Julie Stackhouse, formerly of the St. Louis Fed, says that may include customer cell phone OS, education and social media activity/digital breadcrumbs. This segment is from her November 2019 keynote. Full presentation: https://www.stlouisfed.org/dialogue-with-the-fed/fintech-transforming-banking

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Tim Lampkin: CEO, Higher Purpose Co.

Tim Lampkin is CEO of Higher Purpose Co., an economic justice nonprofit that works with black residents across Mississippi to build community wealth. “Poverty levels here in Clarksdale and across the Delta are still very high,” Lampkin notes. He says that serving on the St. Louis Fed’s Community Development Advisory Council offers “a huge perspective” …

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Elizabeth McCoy: CEO, Planters Bank Inc.

Elizabeth McCoy is CEO of Planters Bank, whose branches span western Kentucky and Montgomery County in Tennessee. She is a member of the St. Louis Fed’s board of directors and former chair of the Community Depository Institutions Advisory Council. She sees an opportunity in the Fed reaching out to local businesspeople and bankers to ask …

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How Has Job Growth Changed Since the Great Recession? | #LetsFREDthat

1. Go to https://fred.stlouisfed.org/. 2. Under At a Glance, choose “All Employees: Total Nonfarm Payrolls.” 3. Hit the “Edit Graph” button. 4. In the Units dropdown menu, select “Change, Thousands of Persons.” 5. In the Format menu, change Graph type to “Bar.” 6. Select the most recent shaded area (which represents recessions) in the graph. …

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Have Wages Kept Up with Inflation? | #LetsFREDthat

How to use FRED see wages vs. inflation: 1. Go to https://fred.stlouisfed.org/. 2. Search for “Average Hourly Earnings of All Employees: Total Private” (dollars per hour, seasonally adjusted). This graphs nominal wages. 3. Copy series ID#: CES0500000003. 4. Hit the “Edit Graph” button. 5. Choose “Add Line.” 6. Paste series ID into field. 7. Hit …

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What’s the Link between Education and Unemployment? | #LetsFREDthat

How to see the link between education and unemployment via FRED’s release calendar: 1. On the day unemployment data is released (typically the first Friday of every month), go to https://fred.stlouisfed.org/, and choose Release Calendar. 2. Select “Employment Situation.” 3. Under “Employment Situation,” click the “Current Population Survey (Household Data)” link. 4. Choose “Table A-4. …

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Is the Economy Performing to Its Potential? | #LetsFREDthat

1. Go to https://fred.stlouisfed.org/. 2. Search for “Real Gross Domestic Product.” This measures economic output. 3. Hit the “Edit Graph” button. 4. Under “Edit Lines,” in the Customize data section, type and add “Real Potential Gross Domestic Product.” This measures potential economic output. 5. In the Formula field, apply the formula a-b. 6. Under “Format,” …

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Robert Martinez: Owner and Operator, Rancho La Esperanza

Robert Martinez owns and operates a livestock production business in Sevier County, Arkansas. He joined the Fed’s Little Rock board of directors in 2013. When asked about board meetings, he says a diverse group of leaders acts as “the eyes and ears” so that monetary policymakers have “information from every corner of the United States.”

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How to Fill Out the I-9 Form | Personal Finance 101

The I-9 form is an important document required to prove you have the legal right to work in the United States. It is used for employment eligibility verification. There are three parts to the I-9 form. More: https://www.stlouisfed.org/education/personal-finance-101-conversations/episode-21-i-9-form

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St. Louis Fed Careers | Meet Douglas, Memphis Branch

Douglas Scarboro leads Memphis Branch of the Federal Reserve Bank of St. Louis. In this video, he shares what it’s like to lead a Fed branch, including engaging with community members and having regular conversations about the regional economy. More: https://www.stlouisfed.org/memphis

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5 Aspectos a Recordar Sobre Las Entrevistas Conductuales

1) El método STAR 2) Concéntrate en el rol que cumpliste 3) Da ejemplos específicos 4) Encuadra las respuestas según tu experiencia 5) Utiliza la descripción del trabajo para comprender qué destrezas se necesitan para el puesto https://www.stlouisfed.org/careers/yourcareer/hiring-process

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How K-9 Dogs Find Explosives | St. Louis Fed

See bomb-sniffing dogs in action. This training video shows how canines sweep a room with their powerful noses to detect explosives. More: https://www.stlouisfed.org/open-vault/2018/september/k9-dogs-sniff-out-danger

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Meet Our K-9 Officers | St. Louis Fed

K-9s help protect staff and visitors. This video is a snapshot of three dogs in action. Created in celebration of National Dog Day 2018. More: https://www.stlouisfed.org/open-vault/2018/august/k9-officers

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The Perfect Breakfast | Explore Economics (Grades 3-5)

Ep. 4 helps students understand why people in different regions, states and nations trade. It tells the story of a child in Canada who wants orange juice for breakfast, and a child in Florida who wants syrup for breakfast. More: https://www.stlouisfed.org/education/exploring-economics-video-series

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Audience Q&A with Kristin Forbes | 2018 Homer Jones Lecture

Dr. Kristin Forbes, globally renowned economist, conducted a Q&A session with the audience at the St. Louis Fed after her lecture, “How Have Shanghai, Saudi and Supply Chains Affected U.S. Inflation Dynamics?” This discussion centered on how globalization may have affected the inflation process. More: https://www.stlouisfed.org/from-the-president/video-appearances/2018/homer-jones-memorial-lecture

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Kristin Forbes, “How Have Shanghai, Saudi & Supply Chains Affected U.S. Inflation Dynamics?”

Dr. Kristin Forbes spoke May 16, 2018, at the St. Louis Fed’s Homer Jones Memorial Lecture. Forbes presented “How Have Shanghai, Saudi and Supply Chains Affected U.S. Inflation Dynamics?” a discussion regarding how globalization may have affected the inflation process. More: https://www.stlouisfed.org/from-the-president/video-appearances/2018/homer-jones-memorial-lecture Forbes is a former member of the Monetary Policy Committee for the Bank …

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Pres. James Bullard, Introduction | 2018 Homer Jones Lecture

St. Louis Fed President James Bullard welcomed attendees to the annual lecture and introduced this year’s speaker, Dr. Kristin Forbes, globally renowned economist. Forbes presented “How Have Shanghai, Saudi and Supply Chains Affected U.S. Inflation Dynamics?” a discussion regarding how globalization may have affected the inflation process. More: https://www.stlouisfed.org/from-the-president/video-appearances/2018/homer-jones-memorial-lecture

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Unemployment – Economic Lowdown, Ep. 10

It may seem that many people like to complain about work, but most do see having a job as a much better situation than the alternative—being unemployed. In fact, the unemployment rate is one of the most important pieces of economic data that economists study. Economic education specialist Scott Wolla explains what unemployment is, how …

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Voice of Main Street

The Fed has three parts: Washington (Board of Governors), Wall Street (New York Fed) and Main Street (regional Fed banks). St. Louis Fed President James Bullard said, “I felt that the crisis actually brought out the role of the Main Street banks pretty extensively.” Learn more in our 2017 annual report, Unconventional: A Policymaker’s Reflections …

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Life of an Academic Scholar

At the St. Louis Fed, economists can pursue the research they find most interesting. When President James Bullard worked in the Research division, his most cited paper was “Learning about Monetary Policy Rules” (with Kaushik Mitra). Learn more in our 2017 annual report, Unconventional: A Policymaker’s Reflections on Crisis to Recovery. https://www.stlouisfed.org/annual-report/2017/alternatives-to-inflation-targeting

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The Mystery of Inflation?

Many are surprised that inflation has stayed low despite low unemployment. However, St. Louis Fed President James Bullard notes that the correlation between the two variables hasn’t been as strong as people think, especially in the last 25 years. Learn more in our 2017 annual report, Unconventional: A Policymaker’s Reflections on Crisis to Recovery: https://www.stlouisfed.org/annual-report/2017/road-to-an-inflation-target

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Transparency

When St. Louis Fed President James Bullard started at the Federal Reserve in 1990, the FOMC did not announce its decisions to the public. Fed transparency has come a long way during his career, but he believes more can be done. Learn more in our 2017 annual report, Unconventional: A Policymaker’s Reflections on Crisis to …

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The New Narrative

Forecasting the macroeconomy is important for setting monetary policy, but when the forecasts are often wrong, something should change. In mid-2016, the St. Louis Fed changed to a regime-based way of thinking about how the economy works. Learn more in our 2017 annual report, Unconventional: A Policymaker’s Reflections on Crisis to Recovery: https://www.stlouisfed.org/annual-report/2017/regime-based-view-of-the-economy

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LIFO Approach to Normalization

The FOMC began normalizing monetary policy in late 2015 by raising interest rates. But St. Louis Fed President James Bullard argued (and still believes) that reducing the size of the Fed’s balance sheet should have been done first—a last-in, first-out (LIFO) approach. Learn more in our 2017 annual report, Unconventional: A Policymaker’s Reflections on Crisis …

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State Contingency

St. Louis Fed President James Bullard argues that monetary policy should be based on what’s actually happening in the economy, not based on the calendar. Learn more in our 2017 annual report, Unconventional: A Policymaker’s Reflections on Crisis to Recovery: https://www.stlouisfed.org/annual-report/2017/qe3-data-driven-not-date-driven

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Avoiding Deflation

In 2010, amid the U.S. disinflationary trend, St. Louis Fed President James Bullard advocated for additional QE to avoid a Japanese-style deflationary trap. A few months after his paper and CNBC interview on the topic, the FOMC began QE2. Learn more in our 2017 annual report, Unconventional: A Policymaker’s Reflections on Crisis to Recovery: https://www.stlouisfed.org/annual-report/2017/fear-of-a-deflationary-trap

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Hitting the Zero Lower Bound

Once interest rates hit essentially zero, policymakers had to decide what to do, if anything, to attempt to further stimulate the economy, which St. Louis Fed President James Bullard said “has been the challenge of our times.” Learn more in our 2017 annual report, Unconventional: A Policymaker’s Reflections on Crisis to Recovery: https://www.stlouisfed.org/annual-report/2017/a-policymakers-reflections

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State of Affairs in 2008

In the months preceding James Bullard becoming St. Louis Fed president, the Libor-OIS spread blew out (signaling that banks didn’t trust each other), and the FOMC lowered rates multiple times. Right before he took office, Bear Stearns collapsed. Learn more in our 2017 annual report, Unconventional: A Policymaker’s Reflections on Crisis to Recovery: https://www.stlouisfed.org/annual-report/2017/a-policymakers-reflections

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New Policymaker

James Bullard became St. Louis Fed president in April 2008 just as the financial crisis was intensifying. “Most of what I knew about ordinary central banking was going out the window just as I moved on to the FOMC.” Learn more in our 2017 annual report, Unconventional: A Policymaker’s Reflections on Crisis to Recovery: https://www.stlouisfed.org/annual-report/2017/a-policymakers-reflections

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Ray Dillon: Former CEO, Deltic Timber

Ray Dillon is the former chairman of the Fed’s Little Rock Branch board of directors and former CEO of Arkansas-based Deltic Timber Corp. He now serves on the St. Louis Fed’s real estate council, one of four industry-based advisory councils. Dillon respects how much attention is paid to gathering accurate data — “real data from …

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Brice Fletcher: Chairman, First National Bank of Eastern Arkansas

Rural communities matter to Brice Fletcher, the chairman of First National Bank of Eastern Arkansas. He brings the perspective of small-town America and agricultural areas to the Fed’s Memphis Branch board of directors. “I think they need a voice,” he says. “It’s rewarding to be able to take their stories to the Fed.” Part of …

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Sadiqa Reynolds: President and CEO, Louisville Urban League

Sadiqa Reynolds is president and CEO of the Louisville Urban League, an organization focused on changing community outcomes. As a member of the Fed’s Louisville Branch board of directors, she values the opportunity to help economic experts see how the Fed’s work can move the needle for the disenfranchised and disadvantaged. Part of the Voices …

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Kathy Mazzarella: Chairman, President and CEO of Graybar

Kathy Mazzarella chairs the St. Louis Fed’s board of directors and is chairman, president and CEO of St. Louis-based Graybar. “Our responsibility on the board is to share the input from not only our industries, but from our communities,” she says. Part of the Voices of the Fed series, featuring perspectives from current and former …

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Jim McKelvey: Founder and CEO, Invisibly

Jim McKelvey is the founder and CEO of Invisibly. He also co-founded Square, Third Degree Glass Factory, Cultivation Capital and LaunchCode. Now a member of the St. Louis Fed’s board of directors, he says, “The biggest misconception that I had when I came into the Fed was that it was more focused on Washington and …

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Understanding Car Insurance (2/3) – No-Frills Money Skills, Ep. 7

This three-part edition of No-Frills Money Skills uses a radio talk show format to explain various aspects of car insurance. In Segment 2, students learn about who is responsible for losses, how a deductible is applied to a covered loss, and different types of coverage available on car insurance policies (including comprehensive, collision, and medical …

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Understanding Car Insurance (3/3) – No-Frills Money Skills, Ep. 7

This three-part edition of No-Frills Money Skills uses a radio talk show format to explain various aspects of car insurance. In the final segment, students learn about the insurance application and underwriting process. The segment includes a description of some of the personal and vehicle information that insurance companies use to establish rates and determine …

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Types of Car Insurance (2/2) | Personal Finance 101

This video (Part 2 of 2) discusses types of car insurance coverage, optional add-ons and possible auto insurance discounts. The content was reviewed by members of the Missouri Insurance Education Foundation. More: https://www.stlouisfed.org/education/personal-finance-101-conversations/episode-20-car-insurance/types

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Car Insurance Coverage and Cost (1/2) | Personal Finance 101

How much does car insurance cost and what do all those terms and numbers mean? This video (Part 1 of 2) offers information about purchasing car insurance, including coverage and cost basics. The content was reviewed by members of the Missouri Insurance Education Foundation. More: https://www.stlouisfed.org/education/personal-finance-101-conversations/episode-20-car-insurance/basics

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Life Goals – Stock Market Game, Ep. 4

This video in the Tools for Enhancing the Stock Market Game™: Invest it Forward™ video series shows how saving early, then investing, can help young people attain longer term goals such as education, employment, entrepreneurship, buying a home, and retirement.

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Inflation – Economic Lowdown, Ep. 9

Imagine it’s 1964. A hamburger is 15 cents, a new Mustang is $2,320, and gas to fill the tank is 27 cents a gallon. Prices have risen quite a lot since then. In the ninth episode of the Economic Lowdown Video Series, economic education specialist Scott Wolla explains what inflation is, what causes it, how …

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Insurance – No-Frills Money Skills, Ep. 6

“Insurance: Protecting Yourself from Damage” is the 6th video in the Federal Reserve Bank of St. Louis series, “No-Frills Money Skills.” This episode shows examples of activities with varying amounts of risk and introduces insurance, explaining how it is used to transfer or reduce risk. With a story about a homeowner, students learn key insurance-related …

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Mission to Educate One and All

The St. Louis Fed’s head of economic education and key partners discuss how they collaborate to spread economic and personal finance literacy. More: https://www.stlouisfed.org/annual-report/2016

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Teach One, Reach Many

Members of our educator advisory board share their favorite resources from the St. Louis Fed—online courses, videos, Q&As, and more. https://www.stlouisfed.org/annual-report/2016

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Invest in Human Capital (2/2)

St. Louis Fed board members talk about the benefits of personal finance and economic education for their communities. More: https://www.stlouisfed.org/annual-report/2016

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Invest in Human Capital (1/2)

Members of a carpenters’ union leverage the St. Louis Fed’s personal finance training materials to help build their human capital. More: https://www.stlouisfed.org/annual-report/2016

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Capital Markets – Stock Market Game, Ep. 1

This video defines stocks and bonds and provides an explanation of what capital markets are and how they work. More: https://www.stlouisfed.org/education/tools-for-enhancing-the-stock-market-game-invest-it-forward

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Wealth Creation for All – Stock Market Game, Ep. 2

This video emphasizes the importance of developing the saving habit early. It explains the importance of establishing an emergency fund first and then moving on to making investments. More: https://www.stlouisfed.org/education/tools-for-enhancing-the-stock-market-game-invest-it-forward

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Building Bridges – Stock Market Game, Ep. 3

This video explains how cities and towns participate in capital markets to finance infrastructure in their communities. It is part of our Tools for Enhancing the Stock Market Game™ video series, designed to help students better understand stocks, bonds, primary and secondary capital markets, saving and investing, and more. See: https://www.stlouisfed.org/education/tools-for-enhancing-the-stock-market-game-invest-it-forward

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(3/3) The Production Possibilities Frontier – Economic Lowdown, Ep. 8

The final segment uses the production possibilities frontier to demonstrate how, in the real world, opportunity cost increases as production increases. This is a difficult concept made simple using the Production Possibilities Frontier. Instructors, learn more at https://www.stlouisfed.org/education/economic-lowdown-video-series/episode-8-production-possibilities-frontier/law-of-increasing-opportunity-cost

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(2/3) The Production Possibilities Frontier – Economic Lowdown, Ep. 8

This segment uses the production possibilities frontier to explain key economic ideas such as why an economy might have underemployed resources but later expand, and how changes in productivity can lead to economic growth. Instructors, learn more at https://www.stlouisfed.org/education/economic-lowdown-video-series/episode-8-production-possibilities-frontier/underemployment-economic-expansion-growth

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(1/3) The Production Possibilities Frontier – Economic Lowdown, Ep. 8

This segment uses the fictional economy of Econ Isle to discuss how limited resources result in a scarcity problem for the economy. Econ Isle’s production possibilities are graphed to show its frontier, and then used to discuss the opportunity costs of its production and consumption decisions. Instructors, learn more at https://www.stlouisfed.org/education/economic-lowdown-video-series/episode-8-production-possibilities-frontier/scarcity-opportunity-cost

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Mick Thompson, Oklahoma State Banking Department

Bankers and state regulators from four states across the country were interviewed for a special video series as part of the 2016 Community Banking in the 21st Century Research and Policy Conference hosted by the Federal Reserve System and the Conference of State Bank Supervisors. This video features an interview with Mick Thompson, commissioner, Oklahoma …

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H.E. “Gene” Rainbolt, BancFirst Corp., Oklahoma City, Okla.

Bankers and state regulators from four states were interviewed for a video series as part of the 2016 Community Banking in the 21st Century Research and Policy Conference, hosted by the Federal Reserve System and the Conference of State Bank Supervisors. This video features the innovative and longstanding partnership between H.E. “Gene” Rainbolt, chairman of …

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Greg Gonzales, Tennessee Department of Financial Institutions, Nashville, Tenn.

Bankers and state regulators from four states across the country were interviewed for a special video series as part of the 2016 Community Banking in the 21st Century Research and Policy Conference hosted by the Federal Reserve System and the Conference of State Bank Supervisors. This video features an interview with Greg Gonzales, commissioner with …

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Claire Tucker, CapStar Financial Holdings, Nashville, Tenn.

Bankers and state regulators from four states across the country were interviewed for a special video series as part of the 2016 Community Banking in the 21st Century Research and Policy Conference hosted by the Federal Reserve System and the Conference of State Bank Supervisors. This video features an interview with Claire Tucker, president and …

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Gavin Gee, Idaho Department of Finance, Boise, Idaho

Bankers and state regulators from four states across the country were interviewed for a special video series as part of the 2016 Community Banking in the 21st Century Research and Policy Conference hosted by the Federal Reserve System and the Conference of State Bank Supervisors. This video features an interview with Gavin Gee, director of …

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John V. Evans, Jr., D.L. Evans Bank, Burley, Idaho

Bankers and state regulators from four states across the country were interviewed for a special video series as part of the 2016 Community Banking in the 21st Century Research and Policy Conference hosted by the Federal Reserve System and the Conference of State Bank Supervisors. This video features an interview with John V. Evans, Jr., …

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David Berger, House Prices and Consumer Spending

Many believe there’s a connection between changes in house prices and changes in consumption. But why would changes in house prices affect the purchases households make, since they don’t necessarily result in a tangible increase in spendable assets? David Berger, an assistant economics professor at Northwestern University, discussed this connection in his paper “House Prices …

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Lee Ohanian, Neoclassical Models of Aggregate Economies

The Federal Reserve Bank of St. Louis hosted its 40th Annual Fall Conference on Oct. 15-16, 2015. David Andolfatto, a vice president and economist at the St. Louis Fed, sat down with each of the conference presenters and discussed their work in plain English.

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Emmanuel Farhi, The Safety Trap

The Federal Reserve Bank of St. Louis hosted its 40th Annual Fall Conference on Oct. 15-16, 2015. David Andolfatto, a vice president and economist at the St. Louis Fed, sat down with each of the conference presenters and discussed their work in plain English.

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Welcoming Remarks at “Does College Level the Playing Field?

Recent research, led by William R. Emmons of the St. Louis Fed’s Center for Household Financial Stability, found that a college degree predicted rising levels of family wealth between 1992-2013 for whites and Asians, but declining levels of wealth over that period for blacks and Hispanics. This finding generated media coverage from The New York …

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Data Frequency | How to Use FRED

This video aims to familiarize users with the St. Louis Fed economic database, FRED, through a tutorial on changing the frequency of the data in order to customize to the individual needs of the users. More: https://fredhelp.stlouisfed.org

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Permalinks | How to Use FRED

This video aims to familiarize users with the St. Louis Fed economic database, FRED, through a tutorial on sharing and linking FRED data and graphs to various other media in order to make the data more accessible. More: https://fredhelp.stlouisfed.org

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Choosing Units | How to Use FRED

This video aims to familiarize users with the St. Louis Fed economic database, FRED, through a tutorial on how to change the units for FRED data to cater to the needs of the users. More: https://fredhelp.stlouisfed.org

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Customize Data | How to Use FRED

This video aims to familiarize users with the St. Louis Fed economic database, FRED, through a tutorial on changing metrics and customizing data to cater to the individual needs of the users.

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Economy Museum | St. Louis Fed

At the St. Louis Fed’s free Economy Museum, visitors engage in a hands-on journey. Experience nearly 100 exhibits that are brought to life through interactive displays, games, sculptures and videos. Open 9 am – 3 pm Central excluding holidays. More: https://www.stlouisfed.org/inside-the-economy-museum

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How Did China Build Up Its Reserves?

For many years, China has exported more goods than it has imported. This has led to an increase in its reserves of foreign assets. In this video from the most recent Dialogue with the Fed event, St. Louis Fed Assistant Vice President and Economist Christopher Neely explains the mechanics of how China came to accumulate …

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The Lowdown

What is the St. Louis Fed’s Econ Lowdown all about? Get your econ on and give your students the tools to succeed. Learn more in this video.

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Saving for College | Continuing Feducation

Ep. 2 follows high school student Martina as she learns about the basics: investing in human capital, factors to consider when choosing a college, and ways to fund higher education. More: https://www.stlouisfed.org/education/continuing-feducation-video-series

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The Ideal Disability Insurance Program

Economist David Wiczer talks about a study he and a colleague undertook. It shows the ideal disability insurance program would be not much more generous than what we already have. Their work also shows that everybody benefits from the program – even those who are not disabled – because the insurance encourages people to take …

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Why Are Some Countries So Rich and Others So Poor? (Part I)

This Timely Topics video discusses how the gap between rich and poor countries has grown exponentially since the days of Adam Smith. In the 1770s, rich countries were twice as well-off as poor countries. These days, GDP per capita is 35 times higher in rich countries than in poor. In this 3 ½ minute video, …

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The Demographics of Wealth – Essay 1: Race, Ethnicity and Wealth

This first essay in the Demographics of Wealth series examines the connection between race or ethnicity and wealth accumulation over the past quarter-century. As with subsequent essays, this one is the result of an analysis of data collected between 1989 and 2013 through the Federal Reserve’s Survey of Consumer Finances. More than 40,000 heads of …

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The Demographics of Wealth – Essay No. 2: The Role of Education

In part 2 of The Demographics of Wealth – How Age, Education and Race Separate Thrivers from Strugglers in Today’s Economy, only those heads of families at least 40 years of age were studied – because by age 40, the vast majority of adults have completed their formal education. These family heads were broken down …

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Demographics of Wealth: Essay No. 3: Age, Birth Year and Wealth

For this essay, we looked at age in two ways: where a person stands in the life cycle (young, middle-aged or old) and how birth-year cohorts stack up against one another. This latter approach allows us to make some comparisons of generations, from “the greatest generation” of WWII fame to the millennials of today.

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FRED Mobile App | How to Use FRED

Enjoy full access to nearly 500,000 economic data series from 87 regional, national, and international sources. The FRED® App gets you the data you need—anytime, anywhere. -iOS: https://itunes.apple.com/us/app/fred-economic-data/id451715489 -Android: https://play.google.com/store/apps/details?id=org.stlouisfed.research.fred -More info: https://fred.stlouisfed.org/fred-mobile/index.php Graphs and supporting data are housed on the St. Louis Fed’s signature database, FRED (Federal Reserve Economic Database).

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Monetary Policy Normalization: Part 7, Audience Q&A

Cletus Coughlin, senior vice president and chief of staff to St. Louis Fed President James Bullard, moderated a question-and-answer panel on monetary policy normalization that featured Christopher Waller, senior vice president and director of research at the St. Louis Fed, and Stephen Williamson, a St. Louis Fed vice president and economist.

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Monetary Policy Normalization: Part 6

Stephen Williamson, a vice president and economist with the St. Louis Fed, compared the current state of the economy with that of February 2005 (the last time prior to the recession that the unemployment rate was 5.4 percent), and he looked at whether low interest rates translate into high inflation. He also discussed the monetary …

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Monetary Policy Normalization: Part 4, The Tools of the Fed

Stephen Williamson, a vice president and economist with the St. Louis Fed, explained some of the tools the Fed has at its disposal to influence the economy, such as discount window lending and open market operations, or the buying and selling of securities such as Treasuries. He also discussed the use of these tools around …

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Monetary Policy Normalization: Part 2, The Bank of England

Stephen Williamson, a vice president and economist with the St. Louis Fed, outlined his Dialogue with the Fed discussion “Monetary Policy Normalization: What’s New? What’s Old? How Does It Matter?” He began by discussing the origins of central banking, starting with the Bank of England. Among other things, the Bank of England helped usher in …

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Monetary Policy Normalization: Part 1

Cletus Coughlin, senior vice president and chief of staff to St. Louis Fed President James Bullard, introduced the Dialogue with the Fed presentation, “Monetary Policy Normalization: What’s New? What’s Old? How Does It Matter?”

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Audience Q&A with Athanasios Orphanides | 2015 Homer Jones Lecture

Guest speaker Athanasios Orphanides participates in an audience Q&A after his keynote presentation, “Fear of Liftoff: Uncertainty, Rules and Discretion in Monetary Policy Normalization.” The Homer Jones Memorial Lecture Series honors those who exemplify the highest qualities of leadership in economics and public policy. As research director, and later as senior vice president at the …

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Athanasios Orphanides, “Fear of Liftoff” | 2015 Homer Jones Lecture

In his presentation on “Fear of Liftoff: Uncertainty, Rules and Discretion in Monetary Policy Normalization,” Athanasios Orphanides reviews the four most recent U.S. recessions and the Federal Reserve’s corresponding monetary policy actions. He then explores some of the reasons why the Federal Reserve has not begun to remove the historic levels of monetary policy accommodation …

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Pres. James Bullard, Introduction | 2015 Homer Jones Lecture

St. Louis Fed President James Bullard welcomes attendees to the 2015 Homer Jones Memorial Lecture and introduces noted economist and monetary policymaker Athanasios Orphanides, who discussed “Fear of Liftoff: Uncertainty, Rules and Discretion in Monetary Policy Normalization.”

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Tax Refund Anticipation Checks | Personal Finance 101

Refund anticipation checks may be offered by tax preparers as a way to get your tax refund faster than normal, especially if you don’t have a bank account. Some check-cashing stores and payday lenders are able to issue refund anticipation loans. This video takes a look at the costs of these options and suggests some …

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Rent-to-Own Payments & Fees | Personal Finance 101

Rent-to-own and “buy here, pay here” make it easy to purchase items. What are the real costs you’ll pay for this convenience compared with more traditional financing, such as loans or credit cards? This video weighs benefits and costs. More: https://www.stlouisfed.org/education/personal-finance-101-conversations/episode-17-fees-fees-and-more-fees-it-all-adds-up

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Types of Financial Aid for College | Personal Finance 101

This short video will help you get your bearings in a sea of financial-aid options. It covers grants and scholarships, merit-based aid, need-based aid, work study programs and student loans. More: https://www.stlouisfed.org/education/personal-finance-101-conversations/episode-16-financial-aid

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Choosing a College | Personal Finance 101

From tiny private colleges to gargantuan urban universities, there are enormous implications to your choice of a school and a major. This video will help you develop a perspective and a framework for deciding on a college. More: https://www.stlouisfed.org/education/personal-finance-101-conversations/episode-15-college-choice

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How to Fill Out the FAFSA | Personal Finance 101

This video walks you through the online Free Application for Federal Student Aid to show what information you’ll need to complete the FAFSA quickly and accurately. More: https://www.stlouisfed.org/education/personal-finance-101-conversations/episode-14-fafsa

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Ross Levine, Competition and Bank Opacity

The Federal Reserve Bank of St. Louis hosted its 39th Annual Fall Conference on Oct. 9-10, 2014. David Andolfatto, a vice president in the Research division, sat down with Ross Levine and discussed his work in plain English.

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Mutual Benefit – No-Frills Money Skills, Ep. 5

In the fifth episode of No-Frills Money Skills, “Mutual Benefit,” students learn what investment companies are and how mutual funds work. The video shows the difference between savings and investing and the importance of understanding risk versus reward.

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Connecting Policy with Frontier Research 2014

The Federal Reserve Bank of St. Louis hosted its 39th Annual Fall Conference on Oct. 9–10, 2014. David Andolfatto sat down with each of the conference presenters and discussed their work in plain English. The content in this conference volume is based on those interviews. Learn more at https://www.stlouisfed.org/connecting-policy-with-frontier-research/2014

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How a FICO Credit Score is Determined | Continuing Feducation

A FICO score is the most common credit score used to determine your eligibility for a loan and what interest rate you’ll pay. Here are the 5 factors used to calculate your credit score: 1) payment history, 2) amounts owed relative to limits, 3) length of credit history, 4) frequency of new credit, and 5) …

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The Central Bank and the Gold Standard

No economic system can offer complete protection against the threats posed by recessions, stock market bubbles, unemployment and inflation. However, the fiat system employed by the Federal Reserve has been largely successful at maintaining low inflation and price stability. Economist David Andolfatto explains how this works.

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Difference between Fiat Money and Gold Standard

Critics of the fiat money system say that when more dollars are put into circulation, our currency becomes diluted and the value of each dollar drops. In practice, the fiat system is designed to avoid price volatility. St. Louis Fed economist David Andolfatto explains the gold standard and discusses its pros and cons.

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Understanding the Gold Standard & Purchasing Power

The purchasing power of money represents how many real goods and services you can acquire in the market with one unit of money. What do backers of the gold standard view as its primary benefits? St. Louis Fed economist David Andolfatto explains the gold standard and discusses its pros and cons.

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The Gold Standard and Inflation

The U.S. and other economies abandoned the gold standard more than 40 years ago. Still, advocates of a gold standard periodically call for its return, saying that it would curtail or prevent inflation. St. Louis Fed economist David Andolfatto explains the gold standard and discusses its pros and cons.

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What is the Gold Standard?

At one time or another, many major countries had monetary systems based on a gold standard—currency that could be redeemed, at least in part, for gold. But not a single country does so today. St. Louis Fed economist David Andolfatto explains the gold standard and discusses its pros and cons.

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Why the Federal Reserve Has Regional Banks

One of the charges of the Federal Reserve System was to provide additional money to the banking system when demand was high to help stem the possibility of bank runs or panics. The regional structure also helps those involved with guiding the nation’s monetary policy to better gather information on economic conditions in the U.S.

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Gross Domestic Product – Economic Lowdown, Ep. 7

GDP data are among the most important economic data available for measuring economic growth, but measuring the output of a large, dynamic economy is a complex task. In the seventh episode of the Economic Lowdown Video Series, economic education specialist Scott Wolla explains what GDP measures, how it is calculated, how it is useful in …

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Where can GeoFRED® take you?

See how easy it is to use GeoFRED®. Create, customize and share geographical maps of data found in FRED®. Easily access the details and adjust how the data are displayed. And transform the data and download it according to geographical category and time frame.

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Martin Schneider, Banks’ Risk Exposures

The Federal Reserve Bank of St. Louis hosted its 38th Annual Fall Conference on Oct. 10-11, 2013. David Andolfatto, a vice president in the Research division, sat down with Michael Woodford and discussed his work in plain English.

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Michael Woodford, 2013 Fall Policy Conference

The Federal Reserve Bank of St. Louis hosted its 38th Annual Fall Conference on Oct. 10-11, 2013. David Andolfatto, a vice president in the Research division, sat down with Michael Woodford and discussed his work in plain English.

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Markus Brunnermeier, The I Theory of Money

The Federal Reserve Bank of St. Louis hosted its 38th Annual Fall Conference on Oct. 10-11, 2013. David Andolfatto, a vice president in the Research division, sat down with Markus Brunnermeier, and discussed his work in plain English.

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Pres. James Bullard, Introduction | 2014 Homer Jones Lecture

St. Louis Fed President James Bullard welcomes attendees to the Homer Jones Memorial Lecture. Bullard explains how three major milestones are being celebrated this year—the city of St. Louis’ 250th anniversary, the 100th Anniversary of the Federal Reserve System and the 25th anniversary of the Homer Jones Memorial Lecture. Bullard gives a brief overview of …

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(1/3) Robert E. Lucas Jr., “Liquidity: Meaning, Measurement, Management” | 2014 Homer Jones Lecture

Robert E. Lucas Jr., Nobel Laureate and John Dewey Distinguished Service Professor of Economics at the University of Chicago, presents “Liquidity: Meaning, Measurement, Management.” In the first portion of his presentation, Lucas discusses how the two main goals of the Fed—controlling inflation and supporting financial stability—can be directly influenced by the Fed. The actions of …

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Understanding an FOMC Statement

Learn how to understand an FOMC statement. This tutorial assessing the changing communication strategy for transparency and clarity and demonstrating an activity that can be used in the classroom.

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Jen Mishory, Interview

Interview with Jen Mishory during ‘Generation Debt: The Promise, Perils and Future of Student Loans,’ November 18, 2013, Center for Household Financial Stability at the Federal Reserve Bank of St. Louis.

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Sandy Baum, Interview

Interview with Sandy Baum during ‘Generation Debt: The Promise, Perils and Future of Student Loans,’ November 18, 2013, Center for Household Financial Stability at the Federal Reserve Bank of St. Louis.

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Paul Combe Interview

Interview with Paul Combe during ‘Generation Debt: The Promise, Perils and Future of Student Loans,’ November 18, 2013, Center for Household Financial Stability at the Federal Reserve Bank of St. Louis.

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Rohit Chopra interview

Interview with Rohit Chopra during ‘Generation Debt: The Promise, Perils and Future of Student Loans,’ November 18, 2013, Center for Household Financial Stability at the Federal Reserve Bank of St. Louis.

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Community Banking Panel Question and Answer Period

Attendees of the “Community Banking in the 21st Century” research conference ask panelists about a variety of topics, including opportunities created by regulation, the importance of quality management, concerns about talented employees leaving after being trained and challenges in attracting board members.

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Jerome Powell, Afternoon Keynote Address at Fed/CSBS Community Banking Conference

Federal Reserve Gov. Jerome Powell addresses attendees at the inaugural community banking research conference, “Community Banking in the 21st Century.” Gov. Powell’s speech, “Community Banking: Connecting Research and Policy,” recaps the research presented at the conference and urges community bankers to share with the Federal Reserve Board their insights and concerns regarding regulation.

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Research Session 3 Question and Answer Period

After presenting their papers at the “Community Banking in the 21st Century” research conference, presenters William Bassett, Tanya Marsh, Robert Moore and Harvey Rosenblum answer questions from the audience about their research.

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Robert Moore, Capital Regulation at Community Banks: Lessons from 400 Failures

Robert Moore, an assistant vice president at the Federal Reserve Bank of Dallas, presents his paper “Capital Regulation at Community Banks: Lessons from 400 Failures,” co-written by Michael Seamans, a financial industry analyst at the Dallas Fed. The authors find that the majority of failed banks were considered well capitalized even two years prior to …

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Tonya Marsh, The Impact of Dodd-Frank on Community Banks

Tanya Marsh, an associate professor of law at Wake Forest University, presents her paper “The Impact of Dodd-Frank on Community Banks,” co-written with Joseph Norman, at law firm K&L Gates LLP. The authors find that the direct costs of the Dodd-Frank Act are impossible to quantify, as rulemaking is unfinished, but are nonetheless significant as …

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Lamont Black, Supervision and Regulation of Community Banks Moderator

Lamont Black, assistant professor of finance at DePaul University, introduces the researchers presenting at the session on supervision and regulation of community banks. Presenters are William Bassett of the Federal Reserve Board, Tanya Marsh of Wake Forest University and Robert Moore and Harvey Rosenblum of the Federal Reserve Bank of Dallas

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Dean F. Amel, Performance of Community Banks in Good Times and Bad Times

Dean Amel, a senior economist with the Federal Reserve Board, presents his paper “Performance of Community Banks in Good Times and Bad Times: Does Management Matter?” co-written with Robin Prager, a senior adviser with the Board. The authors find that variables under bank control generally have much bigger effects on profitability than variables not under …

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Timothy Yeager, Community Banking in the 21st Century

Tim Yeager, an associate professor of finance at the University of Arkansas, presents his paper “The Effect of Distance on Community Bank Performance Following Acquisitions and Reorganizations,” co-written with Gary Ferrier, also a professor at the University of Arkansas. The authors find that long-distance acquisitions are less profitable and riskier than near-distance acquisitions for the …

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Shelly Shen, Financial Derivatives at Community Banks

Xuan (Shelly) Shen, a quantitative analyst at Regions Bank in Birmingham, Ala., presents her paper “Financial Derivatives at Community Banks,” co-written with Valentina Hartarska, a professor at Auburn University. The authors find that the use of derivatives increased profitability at community banks even through the financial crisis and that banning their use would have hurt …

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Dorothy A. Savarese

Dorothy Savarese — chairman, president and CEO of The Cape Cod Five Cents Savings Bank in Orleans, Mass. — gives the keynote address at the inaugural community banking research conference, “Community Banking in the 21st Century,” hosted by the St. Louis Fed and the Conference of State Bank Supervisors. Savarese addresses concerns about the impact …

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Richard Brown, Community Banking Performance Moderator

Moderator Richard Brown, chief economist of the Federal Deposit Insurance Corp., introduces the researchers presenting at the community banking performance session of the “Community Banking in the 21st Century” research conference. Panelists are Xuan (Shelly) Shen of Regions Bank, Andrew Meyer of the St. Louis Fed, Tim Yeager of the University of Arkansas and Dean …

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Charles Kelly, Equipment Lease Financing: The Role of Community Banks

Charles Kelly, a management and finance instructor at the University of Southern Indiana, discusses the findings of his paper “Equipment Lease Financing: The Role of Community Banks,” co-written with Mohammed Khayum, also at the University of Southern Indiana. The authors, while noting that their results are preliminary, find that community banks engaging in equipment lease …

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Mohammed Khayum, Equipment Lease Financing: The Role of Community Banks

Mohammed Khayum, an economics professor and dean of the Romain College of Business at the University of Southern Indiana, presents his paper “Equipment Lease Financing: The Role of Community Banks,” co-written with Charles Kelly, also at the University of Southern Indiana. The paper examines the differences in the performance of banks that participate in equipment …

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Smith Williams, Do Community Banks Play a Role in New Firm Survival?

Smith Williams of the Federal Deposit Insurance Corp. (FDIC) presents her paper “Do Community Banks Play a Role in New Firm Survival?” co-written with Yan Lee, also at the FDIC. The authors find that the farther away new businesses are from banking services, the less likely they are to engage the bank to finance their …

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Scott E. Hein, St. Louis Fed/CSBS Community Bank Research Conference Initiative

Scott Hein discusses the need to develop and support community banking research, describing the need for an improved understanding of the role of community banks, as well as the importance of increased academic interest in this sector and communication between academics, regulators and bankers. He introduces the first paper to be presented as part of …

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Ben Bernanke, St. Louis Fed/CSBS Community Bank Research Conference Initiative

Federal Reserve Chairman Ben Bernanke welcomes attendees to the inaugural community banking research conference “Community Banking in the 21st Century.” He addresses bankers’ concerns about increasing regulation, saying the Federal Reserve is committed to crafting supervisory policies and regulations appropriately scaled to banks’ size and complexity.

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John Ryan, Opening Remarks

John Ryan, president and CEO of the Conference of State Bank Supervisors, opens the “Community Banking in the 21st Century” research conference by noting the importance of research on crafting appropriate financial policy. A goal of this conference was to bring bankers, regulators and academics together to discuss the opportunities and challenges that community banks …

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Pres. James Bullard, Introduction | 2013 Homer Jones Lecture

St. Louis Fed President James Bullard gives opening remarks for the 2013 Homer Jones Memorial Lecture, featuring R. Glenn Hubbard, dean and Russell L. Carson Professor of Finance and Economics at Columbia University. Professor Hubbard presented “A Roadmap for Financial Regulatory Reform.” Bullard talks about Homer Jones’ legacy at the St. Louis Fed and how …

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Circular Flow – Economic Lowdown, Ep. 6

In the sixth episode of the Economic Lowdown Video Series, economic education specialist Scott Wolla explains the circular flow model. Viewers will learn how households and businesses interact in the market for resources and in the market for goods and services, and see how money keeps the whole process moving. Instructors, learn more at https://www.stlouisfed.org/education/economic-lowdown-video-series/episode-6-circular-flow

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Understanding Bonds – No-Frills Money Skills, Ep. 4

“Understanding Bonds” is the fourth video in the Federal Reserve Bank of St. Louis series, “No-Frills Money Skills.” The video host employs high-tech tools to foil Miss Information in her attempts to misguide investors. The video provides viewers with information about government bonds, corporate bonds, coupon and non-coupon bonds, and the potential risks and return …

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Monetary Policy and Unemployment

This video provides a basic overview of unemployment and how it’s measured. It also provides an understanding of the FOMC’s role in promoting maximum employment and price stability.

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Traditional & Non-Traditional Monetary Policy

What monetary policy tools did the Federal Reserve use prior to the Great Recession? What did it do differently during and after the Great Recession? This video includes a simple demonstration of Open Market Operations and a discussion of non-traditional monetary policy tools.

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Money and Inflation

Feducation: How are the money supply and inflation related? And what does the Federal Reserve have to do with this relationship? This video reviews the functions of money, features an interactive auction that demonstrates the relationship between the money supply and inflation, then utilizes a simple equation to show how changes in the money supply …

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Externalities – Economic Lowdown, Ep. 5

In the fifth episode of the Economic Lowdown Video Series, Scott Wolla, economic education specialist, explains externalities. Viewers will learn how costs and benefits sometimes affect bystanders and discover how taxes and subsidies can be used to “internalize” externalities. Instructors, learn more at https://www.stlouisfed.org/education/economic-lowdown-video-series/episode-5-externalities

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2013 Exploring Innovation Week — Summary

Community development financial practitioners Kristen Faust, Bill Taft, Ben Brown and Ted Howard speak about the importance of CDFI (Community Development Financial Institutions) and strategies for revitalizing neighborhoods.

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2013 Exploring Innovation Week — Q&A

Kristen Faust goes into detail about the democratization of capital and its impact. Bill Taft talks more about the damaging of resources. Ben Brown outlines steps to overcome zoning barriers to community cottages. Each speaker discusses how we can leverage our collective power and voice to advocate in the broader policy government discussions around national …

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2013 Exploring Innovation Week — Memphis

Ted Howard addresses some of the limitations of the prevailing economic and community development paradigm that are challenging us most. He also discussed how individuals’ lives could be affected by new strategies that have already been developed using community wealth building design elements and principles.

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2013 Exploring Innovation Week — Louisville

Bill Taft talks about the promise of disinvested neighborhoods and what happens to neighborhoods when capital and jobs leave. He also addresses what happens to the people that live in those neighborhoods and what happens to their job when the capital leaves.

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2013 Exploring Innovation Week – St. Louis

During the 2013 Exploring Innovation Week: Community Development in Times of Austerity, Kristen Faust talks about providing capital to the communities in need. “Building the infrastructure of the CDFI industry is going to help get more capital into communities,” she says. Faust likened CDFIs to research and development factories for main stream banking, describing them …

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Eric Robertson with Community LIFT

Eric Robertson discusses the work done by Community LIFT (Leveraging Investment for Transformation) in Memphis. Community LIFT is an economic and community development intermediary that is guided by the “Greater Memphis Neighborhoods” plan. On the community development side, it is a backbone for companies that are already working on projects. On the economic development side, …

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The Works, Inc.

Curtis Thomas talks about The Works Inc., a faith-based community development corporation in the South Memphis area. Specializing in holistic community development, it started out as a community housing development organization developing single-family homes. Now, they educate people about home-buying. The Works also helped form South Memphis revitalization action plan – a long-range plan to …

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Binghampton Development Corporation

Binghampton Development Corporation is a non-profit community development organization in the Binghampton neigborhood in South Memphis. It has developed 93 housing units, supports community organization and publishes a newspaper. In addition, BDC runs programs for construction job-training in-home parenting, and after-school tutoring. BDC also created a 3 acre farm to teach people about farming and …

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Memphis’ SMA Laundromat and Resource Center

At this converted Laundromat in South Memphis, people can see a doctor, dentist or optometrist while they wait for their clothes to finish washing. The center also provides classes to learn to read and write. In addition, there’s a banking kiosk that assists them with paying bills.

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FRED Add-in | Excel 2010 [New Features]

As part of its ongoing efforts to increase the public’s access to economic data, the Federal Reserve Bank of St. Louis has developed an economic data add-in for Microsoft Excel. The FRED® (Federal Reserve Economic Data) add-in for Excel is available at http://research.stlouisfed.org/fred-addin/ The FRED add-in is designed for users of economic data, such as …

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Get Into Stocks – No-Frills Money Skills, Ep. 3

No-Frills Money Skills is a video series that covers a variety of personal finance topics. The brief videos use clear, simple language and graphic elements so that students can better visualize the personal finance content being presented. In the end, they will see how important these concepts are to their everyday lives. “Get Into Stocks” …

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The Labor Market – Economic Lowdown, Ep. 4

In the fourth episode of the Economic Lowdown Video Series, economic education specialist Scott Wolla explains the basics of the labor market. Viewers will learn how the laws of supply and demand determine the wage and quantity of labor employed in various labor markets. Instructors, learn more at https://www.stlouisfed.org/education/economic-lowdown-video-series/episode-4-the-labor-market

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Part 1 – Welcoming Remarks, Julie Stackhouse

Dialogue with the Fed: Robo-signing, the London Whale and Libor Rate-Rigging: Are the Largest Banks Too Complex for Their Own Good? Julie Stackhouse, senior vice president, Banking Supervision and Regulation, welcomes attendees to the Oct. 5 Dialogue and introduces guest speaker William Emmons, assistant vice president and economist, as well as guest panelists Mary Karr, …

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Part 5 – Big Banks Misbehaving: Rate-Rigging

Dialogue with the Fed: Robo-signing, the London Whale and Libor Rate-Rigging: Are the Largest Banks Too Complex for Their Own Good? Emmons gives a history of the Libor (London Interbank Offered Rate) rate and its use and importance within the world’s financial markets. He then delves into the allegations that Barclays UK and other banks …

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Part 3 – Big Banks Misbehaving: Robo-signing

Dialogue with the Fed: Robo-signing, the London Whale and Libor Rate-Rigging: Are the Largest Banks Too Complex for Their Own Good? Emmons explores the reasons and ramifications of large banks involved with robo-signing, Libor rate rigging and botched hedging. He first focuses on the robo-signing issue, first succinctly explaining how foreclosures are supposed to work …

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Part 4 – Big Banks Misbehaving: Botched Hedging

Dialogue with the Fed: Robo-signing, the London Whale and Libor Rate-Rigging: Are the Largest Banks Too Complex for Their Own Good? Moving on, Emmons provides a brief rundown of how hedging is supposed to work, and then dives into the case of the London whale (trader Bruno Iksil) and the investigations into the more than …

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Part 7 – Do Big and Complex Banks Create Any Special Problems?

Dialogue with the Fed: Robo-signing, the London Whale and Libor Rate-Rigging: Are the Largest Banks Too Complex for Their Own Good? Large and complex banks create systemic risk, and Emmons explains why such risk increases the potential for major shocks throughout the financial system, which, and in turn, can harm the broader economy. He also …

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Part 8 – Internal and External Governance of Large Banks

Dialogue with the Fed: Robo-signing, the London Whale and Libor Rate-Rigging: Are the Largest Banks Too Complex for Their Own Good? Who and what oversees the actions of these large banks and how are they disciplined? Emmons describes how both internal and external governance play a role, as well as their limitations.

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Part 9 – Is There A Better Way?

Dialogue with the Fed: Robo-signing, the London Whale and Libor Rate-Rigging: Are the Largest Banks Too Complex for Their Own Good? Emmons describes the issue of “Too Big To Fail” and its ramifications for the country, and whether this problem can be solved. He explains two broad approaches to reform: 1) radical approaches that include …

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Part 10 – Audience Question and Answer I

Dialogue with the Fed: Robo-signing, the London Whale and Libor Rate-Rigging: Are the Largest Banks Too Complex for Their Own Good? A panel comprised of Emmons, Mary Karr, senior vice president and general counsel, and Steven Manzari, senior vice president, Complex Financial Institutions, Federal Reserve Bank of New York, answer a variety of questions from …

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Ways to Save – No-Frills Money Skills, Ep. 2

No-Frills Money Skills is a video series that covers a variety of personal finance topics. The brief videos use clear, simple language and graphic elements so that students can better visualize the personal finance content being presented. In the end, they will see how important these concepts are to their everyday lives. In the second …

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Kevin Smith and the CVC Story

Spring 2012 CDAC Meeting, Louisville, Ky. During the spring 2012 CDAC meeting in Louisville, Ky., council members and St. Louis Fed staff had the opportunity to attend a presentation by Smith at the CVC office in Louisville and enjoy a bus tour to visit three of the entrepreneurs who have received help from his organization, …

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Microfinance in Louisville, Ky.: Entrepreneurship on Tour

Spring 2012 CDAC Meeting, Louisville, Ky. During the spring 2012 CDAC meeting in Louisville, Ky., council members and St. Louis Fed staff had the opportunity to attend a presentation by Smith at the CVC office in Louisville and enjoy a bus tour to visit three of the entrepreneurs who have received help from his organization, …

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An Interview with Kevin Smith

Spring 2012 CDAC Meeting, Louisville, Ky. During the spring 2012 CDAC meeting in Louisville, Ky., council members and St. Louis Fed staff had the opportunity to attend a presentation by Smith at the CVC office in Louisville and enjoy a bus tour to visit three of the entrepreneurs who have received help from his organization, …

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Q&A (Part 2) – Sovereign Debt: A Modern Greek Tragedy

Part 9 of 9 Waller is joined by economists Fernando Martin and Christopher Neely to take questions from the audience. In this second part of the Q&A, participants asked about the situation in Spain, why Canada avoided the crises that hit the U.S. and Europe, and at what level of debt the U.S. could experience …

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Waking Up to the Great Shocks – Sovereign Debt: A Modern Greek Tragedy

Part 4 of 9 Several “great shocks” in 2009 and 2010 woke up the financial markets to the risk of default on European sovereign debt, Waller says. This led to increased interest rates because financial markets no longer viewed Italian, Greek, Irish, Portuguese and Spanish debt as close substitutes for German bonds. http://stlouisfed.org/dialogue

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The Moral of the Tragedy – Sovereign Debt: A Modern Greek Tragedy

Part 7 of 9 The ability to borrow to finance current spending can be very beneficial. U.S. examples include funding World War II and building the interstate highway system, Waller says. However, borrowing is also seductive; its rewards are felt immediately and the pain is postponed until the future. It is very tempting to borrow …

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Q&A (Part 1) – Sovereign Debt: A Modern Greek Tragedy

Part 8 of 9 Waller is joined by economists Fernando Martin and Christopher Neely to take questions from the audience. In this first half of the Q&A, participants ask about European tax collection, and what would happen to the Euro and the EU because of sovereign defaults or if Germany and other fiscally strong nations …

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Sovereign Debt: A Modern Greek Tragedy

In 10 minutes, learn the basics of the debt crisis engulfing Greece, Ireland and other countries in Europe. Also find out about the possible implications for the U.S. This video is based on the essay in the St. Louis Fed’s 2011 annual report, published in May 2012. http://www.stlouisfed.org/publications/ar/2011

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The New American Challenge: Learning To Save To Build Wealth

Ray Boshara, policy officer and director of the St. Louis Fed’s Household Financial Stability Project, welcomes guests to the “The New American Challenge: Learning To Save To Build Wealth” conference, held April 26, 2012, in the Bank’s Gateway Conference Center. The lecture, which was co-hosted by the St. Louis Fed and Washington University, featured guest …

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Sheldon Garon – The New American Challenge: Learning To Save To Build Wealth

Part 2: Sheldon Garon, Princeton University Nissan Professor of History and Asian Studies Garon provides an overview of countries with high savings rates, including those in eastern Asia and in continental Europe, which have in common a long history of aggressively promoting savings among ordinary people, including the successful establishment of postal savings banks. He …

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Panel Discussion – The New American Challenge: Learning To Save To Build Wealth

Boshara and Garon are joined by Michael Sherraden, founder and director of Washington University’s Center for Social Development, and William Emmons, assistant vice president and chief economist with the St. Louis Fed’s Household Financial Stability Project. They discuss a variety of topics, including youth savings accounts at schools, the importance of teaching financial literacy to …

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Growing Money – No-Frills Money Skills, Ep. 1

No-Frills Money Skills is a video series that covers a variety of personal finance topics. The brief videos use clear, simple language and graphic elements so that students can better visualize the personal finance content being presented. In the end, they will see how important these concepts are to their everyday lives. In this first …

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Equilibrium – Economic Lowdown, Ep. 3

In the third episode of the Economic Lowdown Video Companion Series, economic education specialist Scott Wolla explains the concept of equilibrium. Viewers will get a refresher on the laws of supply and demand before they learn about market equilibrium — the point at which there is no shortage or surplus of a good or service. …

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Audience Q&A with Mohamed El-Erian | 2012 Homer Jones Lecture

The 2012 Homer Jones Memorial Lecture featured Mohamed El-Erian, CEO and co-CIO of the investment firm PIMCO. Dr. El-Erian presented “Evolution, Impact and Limitations of Unusual Central Bank Policy Activism.” The Homer Jones Memorial Lecture honors those who exemplify the highest qualities of leadership in economics and public policy. As research director, and later as …

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Pres. James Bullard, Introduction | 2012 Homer Jones Lecture

The 2012 Homer Jones Memorial Lecture featured Mohamed El-Erian, CEO and co-CIO of the investment firm PIMCO. Dr. El-Erian presented “Evolution, Impact and Limitations of Unusual Central Bank Policy Activism.” The Homer Jones Memorial Lecture honors those who exemplify the highest qualities of leadership in economics and public policy. As research director, and later as …

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Livability and Jobs: Welcoming Remarks

Yvonne Sparks, senior manager with the St, Louis Fed’s Community Development department, welcomes guest speakers to the “Livability and Jobs” conference, held March 20, 2012, as part of the St. Louis Fed’s Exploring Innovation in Community Development Week. The event featured both national and local experts, and focused on the growing importance of livability — …

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Livability and Jobs: Panel Discussion

The conference concluded with a panel discussion of livability and sustainability experts from around the St. Louis region: (from left to right) Lesley Morgan, graduate student, Brown School of Social Work, Washington University; Maggie Hales, deputy executive director, East-West Gateway Council of Governments; Eric Friedman, president, Housing and Community Solutions, St. Louis; Nate Johnson, 2011 …

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Demand – Economic Lowdown, Ep. 2

In the second episode of the Economic Lowdown Video Companion Series, economic education specialist Scott Wolla explains the concept of demand. Viewers will learn how a change in the price of a good affects the quantity of the good consumers will buy and how changes in market conditions affect the demand for a good. Instructors, …

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FRED Add-In | Microsoft Excel

As part of its ongoing efforts to increase the public’s access to economic data, the Federal Reserve Bank of St. Louis has developed an economic data add-in for Microsoft Excel. The FRED® (Federal Reserve Economic Data) add-in for Excel is available at http://research.stlouisfed.org/fred-addin/ The FRED add-in is designed for users of economic data, such as …

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Welcoming Remarks | Julie Stackhouse

The Federal Reserve Bank of St. Louis held the second discussion of its fall evening series for the general public on Oct. 18, 2011. Economist William Emmons discussed “Bringing the Federal Deficit under Control” to audiences live in St. Louis and by videoconference in the Memphis Branch. Emmons explored the depths of the deficit problem, …

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The Nation’s Profound Budgetary and Economic Challenges

Bringing the Federal Deficit under Control Dialogue with the Fed: Beyond Today’s Financial Headlines America’s indicators of fiscal health compare poorly with peer nations (the G-7 minus Italy), in terms of budget deficit, gross debt, debt maturity, etc. Chairman Ben Bernanke says that there need to be significant policy changes, else the federal government’s finances …

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Where Do We Stand?

Bringing the Federal Deficit under Control Dialogue with the Fed: Beyond Today’s Financial Headlines To help understand the current situation, Emmons explores several ways of looking at the total deficit and debt accumulated to date: the current deficit ($1.3 trillion), the total public debt ($14.9 trillion) and the debt held by the public ($10.1 trillion …

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Where Are We Headed?

Bringing the Federal Deficit under Control Dialogue with the Fed: Beyond Today’s Financial Headlines Knowing the past, how do we measure all of the future debt that’s likely to accumulate? The “fiscal gap” between revenue and outlays will be $1.3 trillion dollars every year between now and 2085 if the nation continues on its present …

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Is Current Law Sufficient To Solve the Budget Problems?

Bringing the Federal Deficit under Control Dialogue with the Fed: Beyond Today’s Financial Headlines Can current law-including the expiration of tax laws in 2012-be sufficient to shrink long-term deficits and reduce debt levels relative to GDP after 2013? Emmons says that while the current law stabilizes the deficit problem, it comes at the expense of …

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The Alternative Fiscal Scenario

Bringing the Federal Deficit under Control Dialogue with the Fed: Beyond Today’s Financial Headlines Based on recent experiences, the CBO suggests that deferring painful choices will produce a large and growing mismatch between revenues and outlays. Emmons says that the alternative scenario solves the problem of increasingly higher taxes by allowing the federal debt to …

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Are There Realistic Alternatives?

Bringing the Federal Deficit under Control Dialogue with the Fed: Beyond Today’s Financial Headlines The Bowles-Simpson Deficit Commission suggests a better way, and solid public opinion demonstrates that there should be shared pain across the board. Emmons explores alternative recommendations from Fed Chairman Ben Bernanke and certain economists, including avoiding abrupt fiscal actions, cutting mandatory …

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Bringing Future Deficits under Control: Ever-Rising Debt?

Bringing the Federal Deficit under Control Dialogue with the Fed: Beyond Today’s Financial Headlines Are we willing to let the debt go continually higher under current policies? Emmons says that there really is no escape through indefinite borrowing and rolling over the debt. By refusing to make tough choices, eventually our government will be raising …

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Bringing Future Deficits under Control: Ever-Rising Taxes?

Bringing the Federal Deficit under Control Dialogue with the Fed: Beyond Today’s Financial Headlines Polls consistently reveal that the majority of the public is willing to increase the tax burden on all citizens to reduce the deficit. However Emmons explains that under current law, most households’ income-tax burden would rise over time, and incentives to …

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Dialogue with the Fed: Welcoming Remarks | James Bullard

The Federal Reserve Bank of St. Louis held the first discussion of its fall evening series for the general public on Sept. 12, 2011. Julie Stackhouse, senior vice president of Banking Supervision and Regulation, spoke about “Lessons Learned from the Financial Crisis” to audiences live in St. Louis and by videoconference in the Memphis Branch. …

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Dialogue with the Fed: Responses to the Pre-Event Survey

Dialogue with the Fed: Lessons Learned from the Financial Crisis Julie Stackhouse reveals the results of a pre-event survey that gauged attendees’ impressions of current economic conditions, and the efficacy of financial regulatory reform. http://stlouisfed.org/dialogue

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The Beginnings of the Most Severe Financial Crisis since the Great Depression

Dialogue with the Fed: Beyond Today’s Financial Headlines In 2008, this country started to experience the “most severe financial crisis since the Great Depression,” according to Federal Reserve Chairman Ben Bernanke. Stackhouse explains the factors that led up to the crisis, including the housing bubble and its causes. http://stlouisfed.org/dialogue

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The Housing Bubble and Its Ramifications

Dialogue with the Fed: Beyond Today’s Financial Headlines Stackhouse takes a deeper dive into the housing boom and the roles played by the growth of private-label mortgage securitization, increased subprime mortgage lending and homeowners using their homes as mechanisms for generating cash. http://stlouisfed.org/dialogue

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The Federal Reserve as a “First Responder” to the Crisis

Dialogue with the Fed: Beyond Today’s Financial Headlines As housing prices began to fall, financial market panic started in September 2008. Stackhouse explores how the Federal Reserve provided liquidity to both stem the panic and prevent an economic collapse, in addition to actions taken by the U.S. government and the FDIC. http://stlouisfed.org/dialogue

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Avoiding a Financial Collapse, but not the Great Recession

Dialogue with the Fed: Beyond Today’s Financial Headlines The actions of regulators and the federal government clearly ended the panic in the financial markets, but could not avoid what many now call the Great Recession. Stackhouse outlines the problems that linger, including housing market weakness and the nation’s high unemployment rate. http://stlouisfed.org/dialogue

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Lessons from Bangladesh: How Microfinance Can Work in America

Daniel Davis, former community development specialist with the St. Louis Fed, traveled to Bangladesh in the fall of 2010 to examine the impact microcredit has had on the developing nation. While there, he had the opportunity to spend time with leaders of some of the world’s most innovative microfinance institutions, including Dr. Muhammad Yunus, a …

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Supply – Economic Lowdown, Ep. 1

Economic Education Specialist, Scott Wolla, explains concept of supply in the first episode of the Economic Lowdown Video Companion. Students will learn how changes in the price of a good affect the quantity of the goods produced and how changes in market conditions will affect the supply curve. Instructors, learn more at https://www.stlouisfed.org/education/economic-lowdown-video-series/episode-1-supply

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FRED Add-In | Windows

The Federal Reserve Bank of St. Louis Economic Data (FRED) Add-In is free software that will significantly reduce the amount of time spent collecting and organizing macroeconomic data. The FRED add-in provides free access to over 30,000 data series from various sources (e.g., BEA, BLS, Census, and OECD) directly through Microsoft Excel. FRED Add-In (Beta) …

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Interview with Microfinance Expert and Kiva Co-founder Jessica Jackley

The best microfinance programs have the transformative ability to provide a “new perspective of what’s possible for someone’s life,” states Jessica Jackley, co-founder and CEO of ProFounder and co-founder of Kiva. Jackley has been recognized as an innovator in developing new models for financing entrepreneurial endeavors around the globe through microfinance. At the St. Louis …

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Spring 2011 National Economic Education Video Competition

What does the concept of an independent central bank mean to you? We want to know! Use your talent and creativity to make an original, brief video geared toward high school students that explains the concept of central bank independence. If you win, your video could be used in classrooms nationwide. The contest ends April …

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Glenn Loury Interview

Economist Glenn Loury from Brown University sits down with Kristie Engemann at the Federal Reserve Bank of St. Louis to share his views on a variety of topics he has researched. Some of the topics he addresses in the video are affirmative action, social capital and incarceration.

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In Plain English

Need to learn – or teach someone else – about the Federal Reserve? Have no fear! Whether you’re a high school history teacher from Helena or a businessperson from Boise, Buck, our friendly tour guide, will show you around the Federal Reserve System, introducing you to who we are and what we do.

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The 10,000-Hour Challenge

http://www.stlouisfed.org/community_development/10000hourchallenge In his book, Outliers, author Malcolm Gladwell discusses the notion that it takes 10,000 hours of practice to become an expert at a skill, task or activity. Based on Gladwell’s assertion, the Federal Reserve Bank of St. Louis is encouraging community development professionals across the country to collectively dedicate themselves to the practice of …

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Financial Crisis Origins Part 2 of 3: Interest Rates

St. Louis Fed President James Bullard discusses the origins of the financial crisis. Part 2 focuses on whether the Fed left interests rates too low for too long. Raising rates sooner may or may not have helped, but it wouldn’t have fixed the problem. Recorded June 11, 2009.

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Smoking Ban Affects Casinos – St. Louis Fed Study

Tom Garrett, St. Louis Fed economist speaks about smoking bans and casino revenue. No Ifs, Ands or Butts: Illinois Casinos Lost Revenue after Smoking Banned The Regional Economist, July 2009 http://stlouisfed.org/publications/re/2009/c/pages/casino_smoking.cfm

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Low-Income Housing Tax Credits at Work in St. Louis

John Wuest, president of the St. Louis Equity Fund, takes St. Louis Fed guests on a bus tour to see the city’s rental developments that were completed with the help of low income housing tax credits (LIHTC). Highlights include new housing on the site of old sky-rise tenements, such as Darst-Webbe on the south side, …

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Exit Strategies for the Fed – President James Bullard

St. Louis Fed President James Bullard explores exit strategies for the Fed from extraordinary lending programs since the financial crisis began. He covers why the Fed is thinking about an exit strategy while monetary policy is accommodating, the success and unwinding of the liquidity programs, and whether the asset purchase program will lead to inflation. …

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Rapid Response Keeps Bank Examiners up to Date

When examiners come to your bank, you expect them to have the latest understanding of regulations, guidelines and issues affecting the banking system. When the financial crisis erupted last year, and changes started coming rapidly, the Federal Reserve immediately saw the need to provide examiners detailed and pertinent information on emerging issues. And the St. …

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Community Colleges: A Route of Upward Economic Mobility

Report Finds Both Benefits and Drawbacks to a Community College Education. Whether it is displaced workers looking to upgrade their skills or first-time students realizing the value of increasing their employment options, community colleges are essential in helping to absorb the increasing number of students. Natalia Kolesnikova, an economist with the Federal Reserve Bank of …

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