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