Federal Reserve Bank of Kansas City

Federal Reserve Bank Of Kansas City

Federal Reserve Bank of Kansas City

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Description:
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. The Fed in Kansas City is second only to the Federal Reserve Bank of San Francisco in size of geographic area served.Federal Reserve Notes issued by the bank are identified by "J" on the face of one and two dollar bills and the J10 on the face of other currency.

Background

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.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.President Harry S. Truman had his office in Room 1107 of the building from when he left the Presidency in 1953 until the Truman Library was...
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