The Federal Reserve System sets the nation's monetary policy, supervises and regulates banking institutions, maintains the stability of the financial system, and provides financial services to depository institutions, the U.S. government, and foreign official institutions.

Federal Reserve Bank of St Louis, through their renowned, Research Division provides free U.S. and international economic data, graphs and other data-related tools, plus quality research from St. Louis Fed economists. Economist Homer Jones, research director and later senior vice president at the St. Louis Fed, played a major role in developing the Bank as a leader in monetary research and statistics.