Lindbergh High School senior Rachel Byerly has been named to The Federal Reserve Bank of St. Louis 2021-22 Student Board of Directors. The Fed is celebrating the 10th anniversary of its student board with its largest and most diverse board yet.
Twenty-eight high school seniors from 28 public and private high schools across the metropolitan St. Louis area have been selected to serve on the student board through a competitive application process, which includes an essay and letters of recommendation. Students meet monthly and gain a thorough understanding of the Federal Reserve's role in the U.S. economy and learn about its unique partnerships with banks, businesses and the community.
“We’re delighted to welcome this outstanding group of teenagers as we commemorate the founding of the St. Louis Fed’s Student Board 10 years ago. We’ve seen our alumni go on to accomplish much, including two who have become St. Louis Fed employees,” said Mary Suiter, assistant vice president and economic education officer at the St. Louis Fed.
Byerly is a member of Future Business Leaders of America, National Honor Society, a drum major in marching band, and has participated in jazz ensemble and musicals. She has volunteer experience at elections stations, tutoring, YMCA, and the Magic House St. Louis Children's Museum.
Over the last decade, 82% of former student board members have launched careers in banking, finance or related industries. Two-thirds of board alumnae are women and/or minorities who have pursued banking, finance or related careers, a St. Louis Fed survey finds.
“One of the goals of attracting students to serve on our board is to encourage them to enter careers in economics and banking or finance,” Suiter said. “We want to boost the number of women and minorities in these professions, particularly economics, so that they can bring their diverse views and interests to influence their industries.”