1 Memorial Drive is the headquarters complex of the Federal Reserve Bank of Kansas City.
The 618,000 square foot complex consisting of a 14-story tower and two-story base containing its cash processing and operations facilities was designed by Pei Cobb Freed & Partners was dedicated June 11, 2008, and replaced its headquarters at 925 Grand. Henry N. Cobb was the lead architect. [1]
The complex is located in Penn Valley Park opposite the Liberty Memorial on the site that was the former St. Mary's Hospital where Jo Zach Miller, Jr., president of the bank who oversaw the construction of 925 Grand, had spent his last days.
It was the first Federal Reserve building built after the September 11 attacks prompted increased security at federal buildings.
The complex (which moved from Downtown Kansas City) is in a park setting and its 15.7 acre property was landscaped by Laurie Olin of Olin Associates. [1]
Included in the building is the Money Museum. Its most prominent exhibit is a 27-pound gold bar valued at $400,000 which visitors are permitted to pick up. [2]
Other exhibits include a 463 piece coin collection on loan from the Truman Library which has coins from every Presidential administration. The coin collection was originally by Treasury Secretary John Snyder but was stolen in 1962. Snyder worked to replace it. [3]
The museum also has a window in which visitors can see the movement of cash in and out of its vault. [4]
In 2011 it was the target of numerous demonstrations during the Occupy movement protests. A 65 foot high sculpture by John Salvest from Arkansas State University was temporarily erected on city property opposite the building that proclaimed "IOU" on one side and "USA" on the other. The sculpture was built with 117 shipping containers. [5] It was financed by the Grand Arts, a non profit art museum in the city's Power and Light District. The Federal Reserve sent bomb sniffing dogs to check the containers during the installation. [6]
In economics, cash is money in the physical form of currency, such as banknotes and coins.
East Alton is a village in Madison County, Illinois, United States. The population was 5,786 at the 2020 census, down from 6,301 in 2010.
The monetary policy of the United States is the set of policies which the Federal Reserve follows to achieve its twin objectives of high employment and stable inflation.
The United States one-hundred-dollar bill (US$100) is a denomination of United States currency. The first United States Note with this value was issued in 1862 and the Federal Reserve Note version was first produced in 1914. Inventor and U.S. Founding Father Benjamin Franklin has been featured on the obverse of the bill since 1914, which now also contains stylized images of the Declaration of Independence, a quill pen, the Syng inkwell, and the Liberty Bell. The reverse depicts Independence Hall in Philadelphia, which it has featured since 1928.
The Harry S. Truman Presidential Library and Museum is the presidential library and resting place of Harry S. Truman, the 33rd president of the United States (1945–1953), his wife Bess and daughter Margaret, and is located on U.S. Highway 24 in Independence, Missouri. It was the first presidential library created under the provisions of the 1955 Presidential Libraries Act and is one of thirteen presidential libraries administered by the National Archives and Records Administration.
Crown Center is a shopping center and neighborhood located near Downtown Kansas City, Missouri between Gillham Road and Main Street to the east and west, and between OK/E 22nd St and E 27th St to the north and south. The shopping center is anchored by Halls, a department store which is owned and operated by Hallmark Cards. The neighborhood contains numerous residences, retail establishments, entertainment venues, and restaurants including the American Restaurant, the only Forbes Travel Guide four-star restaurant in Missouri. It is home to Hallmark Cards, and the headquarters of Shook, Hardy & Bacon and Lathrop GPM, two of Kansas City's largest law firms.
Excess reserves are bank reserves held by a bank in excess of a reserve requirement for it set by a central bank.
The Herbert F. Johnson Museum of Art is an art museum located on the northwest corner of the Arts Quad on the main campus of Cornell University in Ithaca, New York. Its collection includes two windows from Frank Lloyd Wright's Darwin D. Martin House, and more than 35,000 other works in the permanent collection. It was designed by architect I.M. Pei and is known for its distinctive concrete facade.
The Federal Reserve Bank of Kansas City is located in Kansas City, Missouri, and covers the 10th District of the Federal Reserve, which includes Colorado, Kansas, Nebraska, Oklahoma, Wyoming, and portions of western Missouri and northern New Mexico. It is second only to the Federal Reserve Bank of San Francisco in size of geographic area served. Missouri is the only state with two main Federal Reserve Banks; the other is located in St. Louis.
The Federal Reserve Bank of Cleveland is the Cleveland-based headquarters of the U.S. Federal Reserve System's Fourth District. The district is composed of Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia. It has branch offices in Cincinnati and Pittsburgh. The check processing center in Columbus, Ohio, was closed in 2005. The interim chief executive officer and president is Mark Meder. On August 21, 2024, Beth M. Hammack will assume the roles of chief executive officer and president.
The Federal Reserve Bank of Atlanta,, is the sixth district of the 12 Federal Reserve Banks of the United States and is headquartered in midtown Atlanta, Georgia.
The Cecil and Ida Green Building, also called the Green Building or Building 54, is an academic and research building at the Massachusetts Institute of Technology (MIT) in Cambridge, Massachusetts. The building houses the Department of Earth, Atmospheric, and Planetary Sciences (EAPS). It is one of the tallest buildings in Cambridge.
Graham, Anderson, Probst & White (GAP&W) was a Chicago architectural firm that was founded in 1912 as Graham, Burnham & Co. This firm was the successor to D. H. Burnham & Co. through Daniel Burnham's surviving partner, Ernest R. Graham, and Burnham's sons, Hubert Burnham and Daniel Burnham Jr. In 1917, the Burnhams left to form their own practice, which eventually became Burnham Brothers, and Graham and the remaining members of Graham, Burnham & Co. – Graham, (William) Peirce Anderson, Edward Mathias Probst, and Howard Judson White – formed the resulting practice. The firm also employed Victor Andre Matteson.
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925 Grand is the former headquarters of the Federal Reserve Bank of Kansas City. It was the oldest Federal Reserve Bank building in active use until 2008, when the Kansas City Fed moved out. It was added to the National Register of Historic Places in 2007.
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The Reserve Bank of Dallas Houston Branch is one of three branches of the Federal Reserve Bank of Dallas. The branch is located on Allen Parkway in the Fourth Ward of Houston, Texas. The 297,000-square-foot (27,600 m2) building, which includes the second largest currency vault in the country, was designed by architect Michael Graves.
The Andrew W. Mellon Memorial Fountain is a bronze fountain sculpture by Sidney Waugh as a memorial to Andrew W. Mellon. It is located at the eastern tip of the Federal Triangle within the intersection of Pennsylvania Avenue, Constitution Avenue, and 6th Street NW in Washington D.C., United States. The fountain is across Constitution Avenue from the West Building of the National Gallery of Art. The Department of the Interior maintains the fountain, which President Harry S. Truman dedicated on May 9, 1952.
Esther L. George is the former president and chief executive of the Federal Reserve Bank of Kansas City from 2011 until 2023.
Banknote processing is an automated process to check the security features and the fitness of banknotes in circulation, to count and sort them by denomination and to balance deposits. This processing of currency is performed by security printing companies, central banks, financial institutions and cash-in-transit (CiT) companies.