Practicum Student - Community Development

267175 Requisition #

The St Louis Fed is one of 12 Reserve Banks serving all or parts of Missouri, Illinois, Indiana, Kentucky, Tennessee, Mississippi and Arkansas. The St. Louis Fed’s responsibilities include promoting stable prices, economic growth and a sound financial system, providing payment services to financial institutions, supporting the U.S. Treasury's financial operations, and advancing economic education, community development and fair access to credit.


The Federal Reserve Bank of St Louis is looking for a Practicum Student for their Engagement Team. The Engagement team is a partnership between the St. Louis Fed’s Community Development department and our Bank’s consumer affairs examiners. We seek out information related to key trends in low- and moderate-income (LMI) communities — and how banks respond to the credit and financial services needs of these communities — in the Eighth Federal Reserve District. We interact with the community to gather information for examiners’ use during Community Reinvestment Act (CRA) evaluations. This feedback guides development of technical assistance, training and programs to improve CRA awareness and utilization. The Engagement team also facilitates capacity building and relationship development between financial institutions, funders and community-based organizations to support community development outcomes.

This is an unpaid practicum that will begin in the Summer of 2021. The practicum student must be currently enrolled in an accredited university and receive course credit from the university upon successful completion of the practicum. Additionally, a practicum agreement must be signed by the student and faculty sponsor.

Practicum Goals and Learning Objectives

  • Align the Engagement team’s work with the student’s learning goals for mutually beneficial outcomes.
  • Assist the team in implementing, evaluating and documenting community development investments, trends, and needs.
  • Research best-practices and identify and document engagement opportunities and partnerships.

With support from practicum supervisor and task manager, develop instruments, tools, and reporting outlets to:

  • Conduct scans of CRA performance evaluations and other foundation giving to assess capital flows in target geographies;
  • Identify community and economic development best-practices, key partnerships and opportunities for future outreach and engagement in target geographies;
  • Analyze feedback and outcomes from past events for process improvements;
  • Assist the team/task manager with event and outreach planning (some travel maybe required).
  • Attend weekly meetings with supervisor to discuss immediate projects and tasks.
  • Attend monthly mentorship meetings with the team’s director and senior officer.


  • Pursuing a Master’s in Public Policy or a Masters in Social Work with a concentration in domestic social and economic development (Domestic SED) and or social policy; or a similar program
  • Strong research and analytical writing skills

Ranked as the #2 Top Workplace in the St. Louis Region in 2020, the Federal Reserve Bank of St Louis is committed to building an inclusive workplace, where employees’ diversity—in age, gender, race and ethnicity, sexual orientation, gender identity or expression, disability, and cultural traditions, religion, life experiences, education and socioeconomic backgrounds—are recognized as a strength. Embracing our diversity encourages employees to bring their valued perspectives to the table when generating ideas and solving problems and promotes an environment where innovation and excellence grow. Learn more about the Bank and its culture; check out our Careers Site.



The Federal Reserve Bank of St Louis is an Equal Opportunity Employer.

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