Fed's plan could affect 160 workers in St. Louis

The Federal Reserve's plan to close five regional check-processing centers will affect about 160 employees at the Federal Reserve Bank of St. Louis.

Joe Elstner, a spokesman for the St. Louis Fed, said only a handful of employees in St. Louis will lose their jobs due to the shutdowns, which were announced last week.

About 140 positions will be eliminated from the bank's branches in Little Rock, Ark., and Louisville, Ky., he said.

More cuts may be made at other check operations in the St. Louis

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: