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David C. Wheelock

Group Vice President and Deputy Director of Research


Ph.D. Economics
University of Illinois

M.S. Economics
University of Illinois

B.S. Economics
Iowa State University

Contact Info

Phone: (314) 444-8570
Fax: (314) 444-8731

Research Division
Federal Reserve Bank of St. Louis
P.O. Box 442
St. Louis, MO 63166-0442

For media inquiries, contact:
Shera Dalin
Phone: (314) 444-3911

Selected Publications

"Did the Founding of the Federal Reserve Affect the Vulnerability of the Interbank System to Contagion Risk?"
with Mark A. Carlson
Journal of Money, Credit, and Banking, December 2018, Vol. 50, No. 8, pp. 1711-1750
Working Paper

"The Evolution of Scale Economies in U.S. Banking"
with Paul W. Wilson
Journal of Applied Econometrics, January/February 2018, Vol. 33, pp. 16-28
Working Paper

"Near-Money Premiums, Monetary Policy, and the Integration of Money Markets: Lessons from Deregulation"
with Mark A. Carlson
Journal of Financial Intermediation, January 2018, Vol. 33, pp. 16-32
Working Paper

"Banker Preferences, Interbank Connections, and the Enduring Structure of the Federal Reserve System"
with Matthew Jaremski
Explorations in Economic History, October 2017, Vol. 65, pp. 21-43
Working Paper

"The Promise and Performance of the Federal Reserve as Lender of Last Resort 1914-1933"
with Michael D. Bordo
in Michael D. Bordo and William Roberds, ed., The Origins, History, and Future of the Federal Reserve: A Return to Jekyll Island
Cambridge University Press, 2013, Chapter 2, pp. 59-98