News and Views for Eighth District Bankers
Vol. 19 | No. 3www.stlouisfed.org/publications/cb
is published quarterly by thePublic Aairs department o the FederalReserve Bank o St. Louis. Views expressedare not necessarily ofcial opinions o theFederal Reserve System or the FederalReserve Bank o St. Louis.To subscribe or ree to
orany St. Louis Fed publication, go online towww.stlouised.org/publications/subscribe.cm.To subscribe by mail, send your name, address,city, state and ZIP code to: Central Banker,P.O. Box 442, St. Louis, MO 63166-0442.The Eighth Federal Reserve District includesall o Arkansas, eastern Missouri, southernIllinois and Indiana, western Kentucky andTennessee, and northern Mississippi. TheEighth District ofces are in Little Rock,Louisville, Memphis and St. Louis.
St. Louis Fed StationingExaminers in Little Rock
By Julie Stackhouse
uring these challenging times,bankers want answers quickly.And sometimes, there is no substituteor a ace-to-ace meeting.State member banks in Arkansas willnow nd this quick in-person accesseven easier with the opening o theSt. Louis Fed satellite supervision ocein Little Rock. The oce, staed with10 examiners, mirrors an initiativeundertaken our years ago, when theSt. Louis Fed established a satelliteoce in Memphis. Bankers in Memphistold us that the local presence enhancedoverall communication and supportedan eective supervisory process.Among the many benets we have seen:
greater accessibility and quicker response time;
more ecient opportunities to conduct advisory visitson matters o special interest, such as the Bank Secrecy Act and risk management practices; and
streamlining o collaboration with the state bankingauthorities, thereby promoting more consistency and higher quality in our examinations and othersupervisory processes.At the same time, we will continue our other communica-tion eorts, including the monthly “Ask the Fed” programand periodic inormational orums or bankers. In thesechallenging times, it is more important than ever that theSt. Louis Fed provide you with the inormation and answers you need.For urther inormation on the supervisory duties o the St. Louis Fed, please see www.stlouised.org/banking/saety_soundness.cm.
Julie Stackhouse issenior vice president of the St. Louis Fed’sdivision of BankingSupervision, Credit and the Center forOnline Learning.