Meetings get underway in St. Louis to gather input from local bankers and business leaders on the prospect of making the city host for a Reserve Bank. Conversations continued the following day. The Reserve Bank Organization Committee later named St. Louis–the No. 4 largest U.S. city at the time–as headquarters for the Eighth District. The move aimed to provide more stability to the financial system, according to a history on the bank’s website.

Photo credit: Charles Trefts via State Historical Society of Missouri