the st. louis fed is central to the nation’s economy. it’s part of the federal reserve system, which includes 12 federal reserve banks and the board of governors. the st. louis fed helps formulate monetary policy to promote stable prices and maximum sustainable employment. it fosters financial stability; advances a safe and sound banking system; promotes economic equity and fair access to credit; provides payment services to financial institutions; supports the u.s. treasury's financial operations; and offers economic research, data, teacher tools and a museum.