The Federal Reserve’s 12 districts reflect an economy that no longer exists

Sep 21, 2022
The locations of the regional banks made sense for the economy of 1913. Populations and industries have shifted since then.
Federal Reserve Chairman Jerome Powell discusses the central bank's interest rate hike Wednesday. The Fed's district banks once focused on regional economic issues, but now work in a more unified fashion.
Drew Angerer/Getty Images

After a year on the PPP front lines, a community banker is seeing confidence return

Apr 13, 2021
PPP loans have produced great results, says Seattle banker Laurie Stewart. She's optimistic about demand rising without inflation.
The interior of the Woolly Mammoth shoe store in Seattle, where Laurie Stewart's Sound Community Bank is based.
Karen Ducey/Getty Images

Regional banks shed some oversight to shave costs

Nov 15, 2017
To boost profits, some banks are focusing on core banking businesses and escaping Fed oversight. Click the audio player above to hear the full story.