Regional President Speech

Silas Keehn: Introductory Remarks July 1988 Iowa Economic Forums 7 /11/88 -- Storm Lake, IA {p.m. reception) 7/12/88 -- Sioux City, IA {breakfast} 7/12/88 -- Red Oak, IA {p.m. reception) ../ I. Welcome/Introductions A. Welcome 1. Very:pleased to have here 2. Particularly appreciate assistance from bankers associates and friends 3. Delighted to have such good turnout 4. One of series of meetings to talk about economy and monetary policy B. Introduce associates Karl Scheid - Nancy Goodman 11. Federal Reserve System - Pamphlets, books, info A. Geographically - 12 Districts 1. Separate Bank - Government Corporation 2. Stock owned by member banks Digitized for FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Introduction - Page 2 B. Separate Boards of Director~ 1. FRB Chicago, 9 Directors a. 6 elected 'F- / ~ /43/ J-.I~ ~ ~.S01\( b. 3 appointed by Board of Governors 2. Detroit Branch, 7 Directors a. 4 - Chicago Board b. 3 - Board of Governors C. Advisory Councils 1. Agriculture 2. Small Business D. Given geographical structure/Board of Directors/ Advisory Councils 1. Truly representational 2. Geographic areas 3. Social and economic interest groups Digitized for FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis (S>\j_-f Introduction - Page 3 Ill. FRB of Chicago A. 5 States {Illinois, Indiana, Iowa, Michigan, Wisconsin) B. Detroit Branch C. 3 RCPCs (Milwaukee, Indianapolis, Des Moines) D. Interesting diversity - slice across economic America 1. Manufacturing - heavy industry, light industry 2. Agriculture 3. Commerce / financial E. Activities 1. Operations - processing of transactions - check / electronic - almost 170 million checks per month 2. Supervision/regulation Digitized for FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis a. Regulatory - development of rules, govern operations of banks b. Supervision - monitoring adherence - examine action Introduction - Page 4 3. Economic research activities a. National / regional b. Monetary policy 4. This latter activity - why we are here today a. One of series of meetings in District b. To provide you some background on 1. The economic outlook as we see it 2. The issues and challenges we face in monetary policy decisionmaking process c. And, to gain some further information from you that will be helpful in making those decisions 5. We'll begin with Karl a. Current status and outlook for the economy b. Then I'll review some of the major issues that 1. Impact on that outlook 2. Impact on our decisions c. Questions afterwards TURN TO KARL Digitized for FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 

Silas Keehn (1988, July 10). Regional President Speech. Speeches, Federal Reserve. https://whenthefedspeaks.com/doc/regional_speeche_19880711_silas_keehn

@misc{wtfs_regional_speeche_19880711_silas_keehn,
  author = {Silas Keehn},
  title = {Regional President Speech},
  year = {1988},
  month = {Jul},
  howpublished = {Speeches, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/regional_speeche_19880711_silas_keehn},
  note = {Retrieved via When the Fed Speaks corpus}
}