Federal Reserve Bank of Kansas City

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The Federal Reserve Bank of Kansas City covers the 10th District of the Federal Reserve, which includes Colorado, Kansas, Nebraska, Oklahoma, Wyoming, and portions of western Missouri and northern New Mexico. The Bank has branches in Denver, Oklahoma City, and Omaha. The current president is Thomas M. Hoenig.

Federal Reserve Notes issued by the bank are identified by "J" on the face of single dollar bills and the J10 on the face of other currency.

Kansas City is second only to the Federal Reserve Bank of San Francisco in geographic area served.

Kansas City and St. Louis had a fierce rivalry over which city was to get a headquarters and it was to wind up with both cities getting one (Missouri is the only state to have multiple headquarters). Among the reasons noted for the award was that former Kansas City mayor James A. Reed, who was on the Senate Banking Committee, broke the deadlock to permit passage of the Federal Reserve Act.^[1]

The first bank building was in the R.A. Long Building at 928 Grand which opened on November 16, 1914 until a new $4.3 million building could be built across the street at 925 Grand which formally opened in November 1921 in Downtown Kansas City. Shortly after it was established the bank rented space to outside tenants.^[2]

In 2002 the bank announced plans to build a new facility at 20 blocks south at 29th and Main on 15.6 acres on a hilltop south of the Liberty Memorial.

The 925 Grand Building was sold to Townsend LLC in March 2005 and the reserve is leasing back the structure until the new building opens (target for 2008).^[3]

The new building is to be 600,000 square feet and have a 12-story office tower and 2-story operations center. It is being designed by Henry N. Cobb of Pei Cobb Freed & Partners.

The bank employs 1,000 people in Kansas City.^[4]

Since 1978, the Kansas City Fed has held an annual symposium in Jackson Hole, Wyoming. It is the Federal Reserve's major conference that brings together people from the Fed, other parts of government, and the private sector.

[edit] References

[edit] External links

• Kansas City Fed home page
• Maps and aerial photos Coordinates: 39.103115° -94.58095°
  • Street map from Google Maps, or Yahoo! Maps, or Windows Live Local
  • Satellite image from Google Maps, Windows Live Local, WikiMapia
  • Topographic map from TopoZone
  • Aerial image or topographic map from TerraServer-USA

Federal Reserve Banks

· Federal Reserve Bank of Boston · Federal Reserve Bank of New York · Federal Reserve Bank of Philadelphia · Federal Reserve Bank of Cleveland · Federal Reserve Bank of Richmond · Federal Reserve Bank of Atlanta · Federal Reserve Bank of Chicago · Federal Reserve Bank of St Louis · Federal Reserve Bank of Minneapolis · Federal Reserve Bank of Kansas City · Federal Reserve Bank of Dallas · Federal Reserve Bank of San Francisco