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February 1967

Annual Report of Operations of the Federal Reserve Bank of St. Louis

In addition to responsibilities involving the formation of monetary policy, the Federal Reserve Bank performs supervisory functions and a variety of services for the public, the United States Government, and commercial banks. Background information on monetary actions is frequently provided in this Review (for an analysis of 1966 see the December issue). Supervision by the Federal Reserve Bank is exercised principally through examination of state-chartered member banks. This review of the year concentrates on the service functions of the bank.