#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

#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

#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:

#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 …

#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

#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 …

#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

#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 …

#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.

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 …

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,

#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 …

#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

#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 …

#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

#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 …

#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

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

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

#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. …

#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

#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 …

#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

#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

#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 …

#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

#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

#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 …

#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

#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 …

#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

#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 …

#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 …

#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

#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 …

#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

“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, …

"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

#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 …

#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

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

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

#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, …

#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

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

Working with funders on Community Reinvestment Act-eligible projects is more than transactional. Find out what makes a good Investment Connection partner organization. More: https://www.stlouisfed.org/ic

Working with funders on Community Reinvestment Act-eligible projects is more than transactional. Find out what makes a good Investment Connection partner organization. More: https://www.stlouisfed.org/ic

Funders want to know how an Investment Connection project answers the needs of the community. More: https://www.stlouisfed.org/ic

Funders want to know how an Investment Connection project answers the needs of the community. More: https://www.stlouisfed.org/ic

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

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

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

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

Find out how the St. Louis Fed is working to bring together organizations with CRA-eligible projects and funders in their communities. More: https://www.stlouisfed.org/ic

Find out how the St. Louis Fed is working to bring together organizations with CRA-eligible projects and funders in their communities. More: https://www.stlouisfed.org/ic

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

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

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

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

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” …

Dr. Diana Han is executive director of Global Healthcare at GE Appliances, a Haier company. A member of the St. Louis Fed’s health care council, she considers it vital for members to “share with the Federal Reserve what we see, hear and feel on the front lines in our districts.” To Dr. Han, these perspectives …

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 …

¿Dando el salto de la universidad a la empresa? ¡Sigue algunos consejos de la St. Louis Fed! More: https://www.stlouisfed.org/careers/yourcareer/opportunities/internship-program

The study of economics is built on the foundation of three very important concepts: scarcity, choice, and opportunity cost. In this episode of the Economic Lowdown video series, economic education Coordinator Scott Wolla uses these three concepts to explain why there is no such thing as a free lunch.

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. …

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 …

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. …

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,” …

This Dutch shepherd dog in Memphis never leaves her partner’s side. More: https://www.stlouisfed.org/open-vault/2019/march/meet-k9-dutch-shepherd

Visitors to the St. Louis Fed Economy Museum may see this shepherd Malinois. More: https://www.stlouisfed.org/open-vault/2019/march/meet-k9-shepherd-malinois

Episode 5 help students understand that people have to save to get the things they want. Daniel wants a new bike helmet and must earn income and save to reach his goal. More https://www.stlouisfed.org/education/exploring-economics-video-series

Sometimes dogs actually pick their human partners! More: https://www.stlouisfed.org/open-vault/2019/march/meet-k9-belgian-malinois

This Belgian Malinois protects visitors and staff at the St. Louis Fed. More: https://www.stlouisfed.org/open-vault/2019/march/meet-k9-belgian-malinois

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.”

Get a glimpse inside Currency Operations at the Federal Reserve Bank of St. Louis. Learn about current opportunities: www.stlouisfed.org/careers

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

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

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

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

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

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

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

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 …

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

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 …

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 …

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

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

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 …

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

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 …

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

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

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

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

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

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 …

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 …

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 …

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 …

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 …

Las 5 Sugerencias Principales Para Quando Escribas Una Hoja de Vida

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 …

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 …

In Segment 1, students learn that people pay premiums to insurance companies to buy protection from financial loss. Two callers’ questions are used to discuss liability coverage, including its legal aspects, and how typical car insurance coverage works.

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

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

Want to pursue a career at the St. Louis Fed? Here are the top 5 resume-writing tips from the Federal Reserve Bank of St. Louis. More: https://www.stlouisfed.org/careers

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.

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 …

“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 …

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

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

Preschoolers get an early lesson in personal finance with resources from the St. Louis Fed—while parents talk about the benefits of starting young. More from 2016 annual report: https://www.stlouisfed.org/annual-report/2016

Student board members talk about the preparation they’ve received from the St. Louis Fed to make better financial decisions. More: https://www.stlouisfed.org/annual-report/2016

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

St. Louis Fed experts lead Daisy Scouts in an exercise on making choices, while parents talk about the need to start young with personal finance education. More from 2016 annual report: https://www.stlouisfed.org/annual-report/2016

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

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

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

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

Innovative high school teacher Mike Kaiman talks about the benefits of using FRED to bring vintage primary source data to AP U.S. history students. More: https://www.stlouisfed.org/annual-report/2016

Watch as high school students master the latest FRED upgrades to discover, graph and manipulate data.

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

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

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

Ep. 3 emphasizes the importance of using credit cards responsibly. More: https://www.stlouisfed.org/education/continuing-feducation-video-series

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 …

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 …

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 …

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 …

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 Melanie Hall, commissioner, Montana …

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 …

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., …

The Federal Reserve Bank of St. Louis hosted its inaugural St. Louis Advances in Research (STLAR) Conference on April 7-8, 2016. David Andolfatto, a vice president and economist at the St. Louis Fed, sat down with the conference presenters and discussed their work in plain English.

The Federal Reserve Bank of St. Louis hosted its inaugural St. Louis Advances in Research (STLAR) Conference on April 7-8, 2016. David Andolfatto, a vice president and economist at the St. Louis Fed, sat down with the conference presenters and discussed their work in plain English.

The Federal Reserve Bank of St. Louis hosted its inaugural St. Louis Advances in Research (STLAR) Conference on April 7-8, 2016. David Andolfatto, a vice president and economist at the St. Louis Fed, sat down with the conference presenters and discussed their work in plain English.

The Federal Reserve Bank of St. Louis hosted its inaugural St. Louis Advances in Research (STLAR) Conference on April 7-8, 2016. David Andolfatto, a vice president and economist at the St. Louis Fed, sat down with the conference presenters and discussed their work in plain English.

The Federal Reserve Bank of St. Louis hosted its inaugural St. Louis Advances in Research (STLAR) Conference on April 7-8, 2016. David Andolfatto, a vice president and economist at the St. Louis Fed, sat down with the conference presenters and discussed their work in plain English.

The Federal Reserve Bank of St. Louis hosted its inaugural St. Louis Advances in Research (STLAR) Conference on April 7-8, 2016. David Andolfatto, a vice president and economist at the St. Louis Fed, sat down with the conference presenters and discussed their work in plain English.

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 …

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.

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.

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.

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.

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.

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.

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.

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.

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.

Closing Reflection, Moving Forward – Q and A

Closing Reflection, Moving Forward – Panel Discussion

The Role of Inheritances and Family Transfers Q and A

Darrick Hamilton, Associate Professor of Economics and Urban Policy, The New School

Thomas M. Shapiro, Director, Institute on Assets and Social Policy, Brandeis University Tatjana Meschede, Scientist and Senior Lecturer, Brandeis University

The Homeownership and Mortgage Experiences Q and A

Stephen L. Ross, Professor of Economics, University of Connecticut

Lowell R. Ricketts, Senior Analyst, Center for Household Financial Stability, Federal Reserve Bank of St. Louis

Conversation with William A. “Sandy” Darity, Part 2

Conversation with William A. “Sandy” Darity Part 1

Changes in Family Structure Q and A

George-Levi Gayle, Research Officer, Federal Reserve Bank of St. Louis

Robert I. Lerman, Institute Fellow, Urban Institute

Why Does Wealth Vary among College Graduates? – Q and A

Why Does Wealth Vary among College Graduates? – Panel Discussion

William R. Emmons, Senior Economic Adviser, Center for Household Financial Stability, Federal Reserve Bank of St. Louis

The Pre- and Post-College Experiences Q and A

Mark Huelsman, Senior Policy Analyst, Demos

Cory Koedel, Associate Professor of Economics and Public Policy, University of Missouri-Columbia

Darrick Hamilton, Associate Professor of Economics and Urban Policy, The New School

Sol Carbonell, Assistant Vice President, Federal Reserve Bank of Boston

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 …

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

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

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

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.

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

China’s large amount of reserves is linked to its aging population.

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 …

Following his keynote presentation, “Secular Stagnation and Monetary Policy,” Lawrence H. Summers conducted a Q&A session with the audience at the St. Louis Fed.

Lawrence H. Summers gave the 2016 Homer Jones Memorial Lecture on “Secular Stagnation and Monetary Policy.” Summers is one of the country’s most influential economists and policymakers. More: https://research.stlouisfed.org/publications/review/2016/06/17/secular-stagnation-and-monetary-policy/

St. Louis Fed President James Bullard welcomed attendees to the annual lecture and introduced the 2016 speaker, Lawrence H. Summers, one of the country’s most influential economists and policymakers.

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.

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

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 …

If barriers to trade are removed, capital goods flow more freely across countries; this benefits all parties because they all can use their resources more efficiently. The removal of trade barriers could close the income gap between rich and poor countries by 50 percent, according to research conducted by economist B. Ravikumar and his colleagues.

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, …

Ward Klein, Chairman of the Board, Edgewell

Kevin Krosley, Chief of Staff, Sigma-Aldrich

Cletus Coughlin, Senior Vice President, Federal Reserve Bank of St. Louis, and Blair Fortner, Chief Economist, Monsanto

Michael Drury, Chief Economist, McVean Trading & Investments and Chairman of GIC, and Ginger Imster, Executive Director of Arch Grants, St. Louis; Leslie Smith, President, EPIcenter Memphis; and Terry Brewer, President, Brewer Science

Terry Brewer, President, Brewer Science

Leslie Smith, President, EPIcenter Memphis

Michael Drury, Chief Economist, McVean Trading & Investments and Chairman of GIC, and Ginger Imster, Executive Director of Arch Grants, St. Louis

Mary Suiter, Assistant Vice President and Economic Education Officer, Federal Reserve Bank of St. Louis; and Cheryl B. Schrader, Chancellor, Missouri University of Science and Technology

Mary Suiter, Assistant Vice President and Economic Education Officer, Federal Reserve Bank of St. Louis; and Cheryl B. Schrader, Chancellor, Missouri University of Science and Technology

Julie Stackhouse, Senior Vice President and Managing Officer of Banking Supervision, Credit, Community Development and Learning Innovation, Federal Reserve Bank of St. Louis; Larry Otto, St. Louis Market President, US Bank St. Louis; and Paul Christopher, Head Global Market Strategist, Wells Fargo Investment Institute, Wells Fargo & Company

Paul Christopher, Head Global Market Strategist, Wells Fargo Investment Institute, Wells Fargo & Company

Larry Otto, St. Louis Market President, US Bank St. Louis

Julie Stackhouse, Senior Vice President and Managing Officer of Banking Supervision, Credit, Community Development and Learning Innovation, Federal Reserve Bank of St. Louis

Discussion: James Bullard, President and CEO, Federal Reserve Bank of St. Louis; Larry Meyer, Senior Managing Director, Macroeconomic Advisers; and Kevin L. Kliesen, Business Economist and Research Officer, Federal Reserve Bank of St. Louis.

Larry Meyer, Senior Managing Director, Macroeconomic Advisers

Global Interdependence Conference; Cletus Coughlin, Senior Vice President, Federal Reserve Bank of St. Louis

James Bullard, President and CEO, Federal Reserve Bank of St. Louis

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 …

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 …

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.

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).

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.

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 …

Stephen Williamson, a vice president and economist with the St. Louis Fed, examined the assets and liabilities on the Fed’s balance sheet in the wake of the Great Recession. He also discussed why the Fed took unconventional monetary policy actions following the recession and looked at the performance of the economy in terms of the …

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 …

Stephen Williamson, a vice president and economist with the St. Louis Fed, discussed why the Federal Reserve was founded and the importance of establishing a national currency that was uniform, safe and elastic.

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 …

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?”

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 …

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 …

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.”

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 …

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

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

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

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

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 Gianluca Violante and discussed his work in plain English.

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 Casey Mulligan and discussed his work in plain English.

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 Giuseppe Moscarini and discussed his work in plain English.

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 Iourii Manovskii and discussed his work in plain English.

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.

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 John Kennan and discussed his work in plain English.

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 V.V. Chari and discussed his work in plain English.

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 Mark Bils and discussed his work in plain English.

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 Fernando Alvarez and discussed his work in plain English.

Ep. 3 in the Explore Economics series explains why the characteristics of money include: being relatively scarce; generally acceptable; portable; durable; and divisible. It also shows items that have been used as money in the past. More: https://www.stlouisfed.org/education/exploring-economics-video-series

Ep. 2 shows how changes in technology changed the way and speed with which people move goods. These shorts introduce upper-elementary and middle-school children to economic concepts. More: https://www.stlouisfed.org/education/exploring-economics-video-series

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.

St. Louis Fed President James Bullard talks about the benefits of a career at the Federal Reserve Bank of St. Louis. More: https://www.stlouisfed.org/careers

Dive into a day at the Federal Reserve Bank of St. Louis and what it’s like to work in Treasury agency support. More: https://www.stlouisfed.org/careers

Learn about a day in the life of an information technology manager at the Federal Reserve Bank of St. Louis. More: https://www.stlouisfed.org/careers

Get an inside look into the life of a consumer affairs bank examiner at the Federal Reserve Bank of St. Louis. More: https://www.stlouisfed.org/careers

Meet Ismael, an audio/visual specialist at the Federal Reserve Bank of St. Louis and learn about his responsibilities. More: https://www.stlouisfed.org/careers

Discover what it’s like to work in banking regulation at the Federal Reserve Bank of St. Louis. More: https://www.stlouisfed.org/careers

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

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) …

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.

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.

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.

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.

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.

St. Louis Fed economic historian David Wheelock explains the history and benefits of the Fed’s regional structure. It helps address the problem of groupthink among monetary policy decision-makers by facilitating debate through diverse opinions.

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.

When the Federal Reserve System was first being discussed, differing schools of thought emerged on how it should be structured. The regional structure of the System we know today was created through balancing public and private interests.

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 …

Watch video from 1938 of William McChesney Martin Jr.’s Address to the New York Stock Exchange and the first footage shot from the floor of the NYSE.

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.

As part of the question-and-answer session with the audience, Wheelock is joined by moderator Martha Perine Beard and by Mary Karr, senior vice president and general counsel and Julie Stackhouse, senior vice president, Banking Supervision and Regulation.

Jumping 50 years forward, Wheelock explains how the St. Louis Fed began to set itself apart from the nation’s other Reserve banks. It gained its “maverick” reputation amidst the “Great Inflation” of the 1970s as St. Louis President Darryl Francis (1966-1976) and his team argued that the Fed’s viewpoints and actions at that time (including …

David Wheelock, vice president and deputy director of research for the St. Louis Fed, explains how St. Louis was chosen to be the site for one of 12 regional banks that were established as part of the new Federal Reserve System and what times were like when the St. Louis Fed opened its doors for …

Martha Perine Beard, regional executive of the Memphis Branch of the Federal Reserve Bank of St. Louis, welcomes attendees to the May 6, 2014, “Dialogue with the Fed” on the topic of the bank’s centennial. She introduces the featured speaker, David Wheelock, vice president and deputy director of research, who discusses the origins of the …

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 Ricardo Lagos and discussed his work in plain English.

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 Andrew Atkeson and discussed his work in plain English.

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.

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 Richard Rogerson and discussed his work in plain English.

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 Martin Eichenbaum and discussed his work in plain English.

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 Larry Jones and discussed his work in plain English.

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.

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.

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 Lawrence Christiano and discussed his work in plain English.

Ep. 1 shows how infrastructure such as roads, bridges, railroad lines, water mains, sewer pipes, and power lines support the operation of an economy. More: https://www.stlouisfed.org/education/exploring-economics-video-series

Following his keynote presentation, Robert E. Lucas Jr. conducts a question-and-answer session with the audience.

In the last portion of his presentation at the St. Louis Fed, Lucas examines the nature of financial crises. The fundamental duty of a central bank, he says, is to avoid sudden deflations. In the 1930s, runs on uninsured bank deposits caused the problem. In 2008, it was what Lucas refers to as a “run …

In the next portion of his lecture, Lucas looks at the individual economic history of individual countries. A payments system involves many different liquid assets. This, Lucas says, is the basis for a theory of inflation. The goal, he says, is to seek a low average rate. One way to do this is to commit …

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 …

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 …

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.

The Future of Student Loans and Financing Higher Education, Roundtable Discussion, at ‘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.

Gary A. Ransdell participates in a roundtable discussion on the Future of Student Loans and Financing Higher Education at ‘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.

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.

Jen Mishory participates in a roundtable discussion on the Future of Student Loans and Financing Higher Education at ‘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.

William Elliott III participates in a roundtable discussion on the Future of Student Loans and Financing Higher Education at ‘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.

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.

Sandy Baum participates in a roundtable discussion on the Future of Student Loans and Financing Higher Education at ‘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.

Ray Boshara moderates a roundtable discussion on the Future of Student Loans and Financing Higher Education at ‘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.

What We Know About Student Loans in the Eighth District and Nationwide Research Panel Discussion 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.

Caroline Ratcliffe participates in a Research Panel on What We Know About Student Loans in the Eighth District and Nationwide at ‘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.

Kelly D. Edmiston participates in a Research Panel on What We Know About Student Loans in the Eighth District and Nationwide at ‘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.

Bryan J. Noeth participates in a Research Panel on What We Know About Student Loans in the Eighth District and Nationwide at ‘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.

William R. Emmons moderates a Research Panel on What We Know About Student Loans in the Eighth District and Nationwide at ‘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.

Mary C. Suiter discusses Resources for Economics and Personal Finance Education at ‘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.

Marilyn Landrum discusses Resources for Managing Student Loans at ‘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.

Vicki Jacobson discusses Resources for Managing Student Loans at ‘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.

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.

Paul Combe discusses Resources for Managing Student Loans at ‘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.

Resources for Managing Student Loans, Presenter Introductions, at the event ‘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.

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.

Keynote Q and A at ‘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.

Rohit Chopra delivers the keynote address at ‘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.

Julie Stackhouse welcomes attendees to ‘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.

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.

Claire Tucker, president and CEO of CapStar Bank in Nashville, Tenn., discusses her experiences starting a bank five years ago in a large city with significant competition. She also highlights the benefits of starting with local investors when starting the bank.

Thomas Spitz, CEO of Settlers Bank in Windsor, Wis., shares his experiences starting a community bank during the financial crisis in an area that had been vacated by many competitors because of the difficult market times. Being a new bank also allowed management to consider new business models, such as being a paperless bank.

Bobby Martin, chairman of The Peoples Bank in Ripley, Miss., shares the experiences of his community bank, discussing how the bank has money to lend but is not seeing much demand from small business owners. He also shares a story about the positive impact of helping a noncustomer with coin counting when her own bank …

Charles Vice, chairman of the Conference of State Bank Supervisors and commissioner of the Kentucky Department of Financial Institutions, introduces community banking panelists Curt Hecker, president and CEO of Panhandle State Bank in Sandpoint, Idaho; Bobby Martin, chairman of The Peoples Bank in Ripley, Miss.; Thomas Spitz, CEO of Settlers Bank in Windsor, Wis.; and …

Mike Stevens, senior executive vice president of the Conference of State Bank Supervisors (CSBS), presents the findings from a series of town hall meetings held with community bankers across the country. These meetings, held jointly by the CSBS and the Federal Reserve, allowed bankers to share the opportunities and challenges facing community banks, discuss the …

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.

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.

Lamont Black, assistant professor of finance at DePaul University, offers his thoughts on the papers presented during the session on supervision and regulation of community banks.

Harvey Rosenblum, executive vice president and senior economic adviser at the Federal Reserve Bank of Dallas, presents his paper “A Failure to Communicate: The Pathology of Too Big to Fail,” co-written by Elizabeth Organ, a research analyst at the Dallas Fed. The authors discuss their proposal for ending “too big to fail” banks.

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 …

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 …

William Bassett, a deputy associate director at the Federal Reserve Board, presents his paper “Estimating Changes in Supervisory Standards and Their Economic Effects,” co-written by Seung Jung Lee and Thomas Spiller, both at the Board. The authors find that standards for assigning CAMELS ratings have generally been in line over the period studied (1991-2011).

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

After presenting their papers at the “Community Banking in the 21st Century” research conference, presenters Xuan (Shelly) Shen, Andrew Meyer, Tim Yeager and Dean Amel answer questions from the audience about their research.

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 …

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 …

Andrew Meyer, a senior economist at the Supervisory Policy and Risk Analysis unit at the Federal Reserve Bank of St. Louis, presents his paper “Lessons from Community Banks that Recovered from Financial Distress,” co-written with Alton Gilbert and James Fuchs, both at the St. Louis Fed. The paper is a follow-up to their previous paper …

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 …

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 …

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 …

After presenting their papers at the “Community Banking in the 21st Century” research conference, presenters Smith Williams, Mohammed Khayum, Charles Kelly, John Kandrac and Kenneth Spong answer questions from the audience about their research.

Kenneth Spong, an assistant vice president and economist at the Federal Reserve Bank of Kansas City, presents his paper “Small Business Lending and Social Capital: Are Rural Relationships Different?” co-written with Robert DeYoung of the University of Kansas School of Business, Dennis Glennon of the Office of the Comptroller of the Currency and Peter Nigro …

John Kandrac, an economist with the Federal Reserve Board, presents his paper “Bank Failure, Relationship Lending and Local Economic Performance.” He finds that bank failures were often followed by declining local economic conditions and that failures more strongly affected high-competition banking markets.

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 …

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 …

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 …

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 …

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.

St. Louis Fed President James Bullard welcomes attendees to the “Community Banking in the 21st Century” research conference by discussing the importance of community banks in their local economies and the need for additional quality research to assist policymakers and bank supervisors.

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 …

After giving the 2013 Homer Jones Memorial Lecture, Professor R. Glenn Hubbard takes questions from the audience on such topics as contagion, the effectiveness of past and current regulatory efforts, and being prepared for financial crises before they hit.

The 2013 Homer Jones Memorial Lecture featured 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” in the Bank’s Gateway Conference Center Auditorium.

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 …

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

“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 …

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.

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.

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 …

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

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.

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 …

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.

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.

Ben Brown talks about supplying the right kind of housing to meet the demands that people have these days. He also compared the demands of today with those from the 1960s and 70s.

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 …

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, …

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 …

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 …

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.

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 …

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” …

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

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, …

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 …

Dialogue with the Fed: Robo-signing, the London Whale and Libor Rate-Rigging: Are the Largest Banks Too Complex for Their Own Good? Emmons discuss the basis of banking and why they exist and two key economic functions they perform: payments and credit. He then explores why banks have become so large and complex due to economies …

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 …

Dialogue with the Fed: Robo-signing, the London Whale and Libor Rate-Rigging: Are the Largest Banks Too Complex for Their Own Good? William Emmons, assistant vice president and economist, provides an overview of his talk surrounding the issue of whether large banks are too complex to manage, giving a brief history of the evolution of large …

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 …

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 …

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.

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 …

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 …

Dialogue with the Fed: Robo-signing, the London Whale and Libor Rate-Rigging: Are the Largest Banks Too Complex for Their Own Good? The panel continues to answer questions from the audience.

Community Development Policy Officer Ray Boshara talks about the research initiative of the Federal Reserve Bank of St. Louis focused on rebuilding the household balance sheets of struggling American families. (4:09)

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 …

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, …

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, …

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, …

Parte 2: La Habilidad y la Voluntad de Pagar Deuda

Parte 1: Bienvenida, Marcela Manjarrez Williams

Parte 3: Porque Surgió esta Crisis de Deuda Soberana en Europa?

Parte 4: Los Grandes Shocks

Parte 6: Medidas de Austeridad y Amenazas Reales de Incumplimiento de Deuda

Parte 5: Seguros contra Incumplimiento de Deuda

Parte 7: La Moral de esta Tragedia

Parte 9: Sesión de Preguntas y Respuestas Parte 2

Parte 8: Sesión de Preguntas y Respuestas Parte 1

Part 2 of 9 For second time in five years, the world faces a major financial crisis. Whereas the 2007-2008 crisis was driven by excessive mortgage debt owed by households, the current crisis is driven by excessive government debt owed by entire countries. The key factor for both crises is the fear that debt will …

Part 1 of 9 Christopher Waller, senior vice president and director of Research, led the presentation and discussion on “Sovereign Debt: A Modern Greek Tragedy” on May 8, 2012, as part of the St. Louis Fed’s Dialogue with the Fed” series. Waller and economists Christopher Neely and Fernando Martin then took questions from the audience, …

Part 3 of 9 Many European nations have had high debt burdens for decades, though no developed and industrialized country has defaulted since 1946. So why has a sovereign debt crisis surfaced now? Waller looks at the history of the formation of the European Union (EU), which focused on a monetary union, not a fiscal …

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 …

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

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 …

Part 6 of 9 Ireland and Greece enacted austerity measures that were highly unpopular and generated substantial social unrest, yet the measures generally did what they were supposed to do. Still, the risk of default by these smaller countries raised a red flag to the real threat: a default by Italy or Spain, which have …

Part 5 of 9 As the interest rates rose, holders of sovereign debt purchased credit default swaps (CDS)-essentially insurance against default. However, by late 2011 Greek CDS stopped trading when markets gave Greece a 50 percent chance of default. Meanwhile the European Central Bank had become the only entity keeping Greece’s banks afloat. Default would …

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 …

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

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 …

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 …

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 …

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 …

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 …

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. …

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 …

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 …

Pettigrew describes the efforts of his organization’s work with communities to better understand the opportunities in pursuing a low-carbon economy and a sustainable future. He also addresses how saving the planet makes dollars and cents, and the growing recognition that sustainability is a crucial part of the economic success of communities.

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 — …

Burden explains how, with the right investments, communities can transform into green and sustainable places that also increase the value of every property within walking distance, both in urban and suburban contexts. Just adding sidewalks is not the solution, either. Out of the top 50 steps that Burden listed to create a more walkable, sustainable …

McNulty explains three simple factors that create the civic glue that holds strong communities together even in times of economic distress: physical beauty (including open spaces, parks, walkability), the presence of civic gathering spaces where people can meet comfortably, and a welcoming environment for newcomers. He also discusses the equation of how livability plus place …

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 …

Friedman introduces Dan Burden, executive director of the Walkable and Livable Communities Institute, a former National Geographic photographer who has helped more than 3,500 communities around the world become more walkable and livable.

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, …

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 …

Emmons begins exploring the deficit problem by demonstrating the seriousness of the nation’s financial challenges.

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, …

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 …

Bringing the Federal Deficit under Control Dialogue with the Fed: Beyond Today’s Financial Headlines

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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. …

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

Dialogue with the Fed: Beyond Today’s Financial Headlines Stackhouse looks at the Fed’s roles and responsibilities, including its response in the aftermath of the attacks of 9/11, when the Fed stepped in to stop the panic in the financial markets and then stepped out when the crisis passed. The Fed repeated and expanded these actions …

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

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

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

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

Dialogue with the Fed: Beyond Today’s Financial Headlines Lessons Learned from the Crisis (7:21) Stackhouse takes a look at the issues that lie ahead for U.S. economic growth and highlights three main lessons learned from the financial crisis. http://stlouisfed.org/dialogue

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 …

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

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) …

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 …

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 …

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.

Economic Teamwork: A Candid Discussion on Financial Regulatory Reform – Louisville

Economic Teamwork: A Candid Discussion on Financial Regulatory Reform – Louisville

Speaker Introductions

Welcoming Remarks: Maria Hampton, vice president and senior branch executive, Federal Reserve Bank of St. Louis, Louisville Branch

Introductory remarks by James Bullard and Julie Stackhouse of the Federal Reserve Bank of St. Louis

Julie Stackhouse, senior vice president, Banking Supervision and Regulation Mary Karr, senior vice president and general counsel, Federal Reserve Bank of St. Louis

A Discussion on Regulatory Reform Ronald Kruszewski, president and CEO of Stifel Financial Corp. and chairman and CEO, Stifel, Nicolaus & Co., Inc.

A Discussion on Regulatory Reform David Kemper, president and CEO of Commerce Bancshares Inc. and Commerce Bank N.A.

A Discussion on Regulatory Reform — Introductory remarks from St. Louis Fed President Bullard

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.

President Bullard Addresses Shortcomings in Current Regulatory Reform Proposals

President Bullard Addresses Shortcomings in Current Regulatory Reform Proposals

President Bullard Addresses Shortcomings in Current Regulatory Reform Proposals

President Bullard Addresses Shortcomings in Current Regulatory Reform Proposals

President Bullard Addresses Shortcomings in Current Regulatory Reform Proposals

President Bullard Addresses Shortcomings in Current Regulatory Reform Proposals

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 …

St. Louis Fed Economist Speaks about New Accounting Standards – The Schizophrenic Banking System before the Crisis

St. Louis Fed Economist Speaks about New Accounting Standards – New Accounting Standards Are Tougher but More Realistic

St. Louis Fed Economist Speaks about New Accounting Standards – Big Bank Off-Balance Sheet Problems Come Home To Roost

St. Louis Fed Economist Speaks about New Accounting Standards – Introduction

St. Louis Fed Economist Speaks about New Accounting Standards – Regulators Keeping Capital Rules Unchanged

St. Louis Fed President James Bullard discusses the origins of the financial crisis. Part 1 focuses on, in broad terms, the failure of financial engineering. Almost all of the big players in financial markets were hit when the housing market turned down. Recorded June 9, 2009

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.

St. Louis Fed President James Bullard discusses the origins of the financial crisis. Part 3 focuses on the challenges the Fed faces with financial reform. The problems are complex because they concern global entities. Recorded June 15, 2009.

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

What are your thoughts on regulating smaller banks? Recorded 11-23-09.

What important issues related to too-big-to-fail should regulation address? Recorded 11-23-09.

St. Louis Fed President Bullard on Government Regulation. Recorded 11-23-09.

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, …

Kliesen is the author of “Inflation May Be the Next Dragon To Slay” in the January issue of The Regional Economist. Read the article at http://stlouisfed.org/publications/re/articles/?id=1865

Kliesen is the author of “Inflation May Be the Next Dragon To Slay” in the January issue of The Regional Economist. Read the article at http://stlouisfed.org/publications/re/articles/?id=1865

Kliesen is the author of “Inflation May Be the Next Dragon To Slay” in the January issue of The Regional Economist. Read the article at http://stlouisfed.org/publications/re/articles/?id=1865

Kliesen is the author of “Inflation May Be the Next Dragon To Slay” in the January issue of The Regional Economist. Read the article at http://stlouisfed.org/publications/re/articles/?id=1865

Kliesen is the author of “Inflation May Be the Next Dragon To Slay” in the January issue of The Regional Economist. Read the article at http://stlouisfed.org/publications/re/articles/?id=1865

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. …

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. …

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 …