Federal Reserve Bank of St. Louis | Economic Data, Monetary Rates, Economic Education The St. Louis Fed is one of the 12 Federal Reserve banks that—along with the Board of Governors in Washington, D.C.—make up the Federal Reserve System—the nation's central bank. The St. Louis Fed helps formulate monetary policy, supervises and regulates banks and bank holding companies, and provides financial services to depository institutions and the federal government. The St. Louis Fed also promotes community development and economic and financial education through events and award-winning resources such as lessons, podcasts, videos and a museum.