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February 1975

Operations of the Federal Reserve Bank of St. Louis—1974

by Jean M. Lovati

The Federal Reserve System consists of the Board of Governors, located in Washington, D. C., and twelve Federal Reserve Banks located in districts across the United States. The Federal Reserve Bank of St. Louis serves the Eighth Federal Reserve District which includes all of Arkansas and parts of Illinois, Indiana, Kentucky, Mississippi, Missouri, and Tennessee. To assist in servicing the area, branches of the St. Louis Federal Reserve Bank are located in Little Rock, Louisville, and Memphis.