Eccles Building
Encyclopedia
Federal Reserve System
The Federal Reserve System is the central banking system of the United States. It was created on December 23, 1913 with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907...
. It is located at 20th Street and Constitution Avenue
Constitution Avenue
In Washington, D.C., Constitution Avenue is a major east-west street running just north of the United States Capitol in the city's Northwest and Northeast quadrants...
, N.W., in Washington, D.C.
Washington, D.C.
Washington, D.C., formally the District of Columbia and commonly referred to as Washington, "the District", or simply D.C., is the capital of the United States. On July 16, 1790, the United States Congress approved the creation of a permanent national capital as permitted by the U.S. Constitution....
The building, designed in the stripped-down classical style, was designed by Paul Philippe Cret
Paul Philippe Cret
Paul Philippe Cret was a French-American architect and industrial designer. For more than thirty years, he headed the Department of Architecture at the University of Pennsylvania.- Biography :...
and completed in 1937. President
President of the United States
The President of the United States of America is the head of state and head of government of the United States. The president leads the executive branch of the federal government and is the commander-in-chief of the United States Armed Forces....
Franklin Delano Roosevelt dedicated the building on October 20, 1937.
The building was named after Marriner S. Eccles (1890–1977), a former Chairman of the Federal Reserve
Chairman of the Federal Reserve
The Chairman of the Board of Governors of the Federal Reserve System is the head of the central banking system of the United States. Known colloquially as "Chairman of the Fed," or in market circles "Fed Chairman" or "Fed Chief"...
by an Act of Congress
Act of Congress
An Act of Congress is a statute enacted by government with a legislature named "Congress," such as the United States Congress or the Congress of the Philippines....
on October 15, 1982.