Federal Reserve Bank of Kansas City - AbsoluteAstronomy.com

The Federal Reserve Bank of Kansas City covers the 10th District of the Federal Reserve, which includes Colorado

Colorado

Colorado is a U.S. state that encompasses much of the Rocky Mountains as well as the northeastern portion of the Colorado Plateau and the western edge of the Great Plains...

, Kansas

Kansas

Kansas is a US state located in the Midwestern United States. It is named after the Kansas River which flows through it, which in turn was named after the Kansa Native American tribe, which inhabited the area. The tribe's name is often said to mean "people of the wind" or "people of the south...

, Nebraska

Nebraska

Nebraska is a state on the Great Plains of the Midwestern United States. The state's capital is Lincoln and its largest city is Omaha, on the Missouri River....

, Oklahoma

Oklahoma

Oklahoma is a state located in the South Central region of the United States of America. With an estimated 3,751,351 residents as of the 2010 census and a land area of 68,667 square miles , Oklahoma is the 28th most populous and 20th-largest state...

, Wyoming

Wyoming

Wyoming is a state in the mountain region of the Western United States. The western two thirds of the state is covered mostly with the mountain ranges and rangelands in the foothills of the Eastern Rocky Mountains, while the eastern third of the state is high elevation prairie known as the High...

, and portions of western Missouri

Missouri

Missouri is a US state located in the Midwestern United States, bordered by Iowa, Illinois, Kentucky, Tennessee, Arkansas, Oklahoma, Kansas and Nebraska. With a 2010 population of 5,988,927, Missouri is the 18th most populous state in the nation and the fifth most populous in the Midwest. It...

and northern New Mexico

New Mexico

New Mexico is a state located in the southwest and western regions of the United States. New Mexico is also usually considered one of the Mountain States. With a population density of 16 per square mile, New Mexico is the sixth-most sparsely inhabited U.S...

. The Bank has branches in Denver, Oklahoma City

Oklahoma city

Oklahoma City is the capital and largest city of the U.S. state of Oklahoma.Oklahoma City may also refer to:*Oklahoma City metropolitan area*Downtown Oklahoma City*Uptown Oklahoma City*Oklahoma City bombing*Oklahoma City National Memorial...

, and Omaha

Omaha, Nebraska

Omaha is the largest city in the state of Nebraska, United States, and is the county seat of Douglas County. It is located in the Midwestern United States on the Missouri River, about 20 miles north of the mouth of the Platte River...

. The current president is Esther George

Esther George

Esther L. George is president and chief executive of the Federal Reserve Bank of Kansas City.George is a native of Faucett, Missouri, U.S., received a BSBA degree in Business Administration from Missouri Western State University an MBA degree from the University of Missouri-Kansas City...

. The Fed in Kansas City is second only to the Federal Reserve Bank of San Francisco

Federal Reserve Bank of San Francisco

The Federal Reserve Bank of San Francisco is the federal bank for the twelfth district in the United States. The twelfth district is made up of nine western states-—Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington--plus the Northern Mariana Islands, American Samoa,...

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.

Headquarters buildings

The first bank building was in the R.A. Long Building

R.A. Long Building

R.A. Long's Long-Bell Lumber Company had outgrown the office space in the Keith & Perry Building. Expanding operations and the need for a larger headquarters resulted in the construction of the R.A. Long Building completed in 1907. This was the first all-steel framed building in Kansas City,...

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

925 Grand

925 Grand is the former headquarters of the Federal Reserve Bank of Kansas City and was the oldest building in active use of any Federal Reserve Bank. It was added to the National Register of Historic Places in 2007....

which formally opened in November 1921 in Downtown Kansas City

Downtown Kansas City

Downtown Kansas City is the central business district of Kansas City, Missouri and the Kansas City Metropolitan Area. It is located between the Missouri River in the north, to 31st Street in the south; and from the Kansas–Missouri state line east to Troost Avenue as defined by officials of the...

. Shortly after it was established, the bank rented space to outside tenants.
President Harry S. Truman

Harry S. Truman

Harry S. Truman was the 33rd President of the United States . As President Franklin D. Roosevelt's third vice president and the 34th Vice President of the United States , he succeeded to the presidency on April 12, 1945, when President Roosevelt died less than three months after beginning his...

had his office in Room 1107 of the building from when he left the Presidency in 1953 until the Truman Library was completed in 1957.
In 2002, the bank announced plans to build a new facility at 1 Memorial Drive

1 Memorial Drive

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,...

20 blocks south at 29th and Main on 15.6 acres (63,131 m²) on a hilltop south of the Liberty Memorial

Liberty Memorial

The Liberty Memorial, located in Kansas City, Missouri, USA, is a memorial to the fallen soldiers of World War I and houses the The National World War I Museum, as designated by the United States Congress in 2004.. Groundbreaking commenced November 1, 1921, and the city held a site dedication...

. The historic 925 Grand Building was the oldest building of any Federal Reserve Bank operating at that time. It was sold to Townsend LLC in March 2005 and the Reserve leased back the structure until the new building opened. Townsend LLC converted the building to mixed-use space including condominiums, office space, and a data center. . The new bank was dedicated in 2008 and has a 16-story office tower and 2-story operations center. It was designed by Henry N. Cobb

Henry N. Cobb

Henry N. Cobb is an American architect and founding partner with I.M. Pei of Pei Cobb Freed & Partners, an international architectural firm based in New York City....

of Pei Cobb Freed & Partners

Pei Cobb Freed & Partners

Pei Cobb Freed & Partners is an architectural firm that was founded in 1955 by I. M. Pei as I. M. Pei & Associates, in 1966 called I. M. Pei & Partners, and received its current name and organization in 1989. The founders were I. M. Pei, Henry N. Cobb, and Eason H. Leonard. Pei and Leonard retired...

.
The bank employs 925 people in Kansas City.

Economic Symposium

Since 1978, the Kansas City Fed has held an annual Federal Reserve symposium in Jackson Hole

Jackson Hole

Jackson Hole, originally called Jackson's Hole, is a valley located in the U.S. state of Wyoming, near the western border with Idaho. The name "hole" derives from language used by early trappers or mountain men, who primarily entered the valley from the north and east and had to descend along...

, Wyoming. From 1978 to 1981 the symposia focused on agricultural economic issues. Since 1981 topics have been more broad and the symposia have gotten broader attention.
In 2003 and 2005, papers were presented at the symposium that were critical of the status quo, and predicted, for example, problems with the unseen risks of derivatives. These ideas in these papers were rejected at the time, but later were seen as having predicted the financial crisis of 2007-2010.

Branches

Federal Reserve Bank of Kansas City Denver Branch
Federal Reserve Bank of Kansas City Denver Branch
The Federal Reserve Bank of Kansas City Denver Branch is second largest of three branches of the Federal Reserve Bank of Kansas City. The branch which is in Denver opened on January 14, 1918 at 17th Street before moving in 1968 to 16th Street Mall....
Federal Reserve Bank of Kansas City Oklahoma City Branch
Federal Reserve Bank of Kansas City Oklahoma City Branch
The Federal Reserve Bank of Kansas Oklahoma City Branch is one of the 3 branches of the Federal Reserve Bank of Kansas City. The branch which is in Oklahoma City opened on August 2, 1920 at the Continental Building before moving in 1923 to a new building at the corner Harvey and Third...
Federal Reserve Bank of Kansas City Omaha Branch
Federal Reserve Bank of Kansas City Omaha Branch
The Federal Reserve Bank of Kansas City Omaha Branch is one of three branches of the Federal Reserve Bank of Kansas City. The branch which is in Omaha, Nebraska opened on September 4, 1917.-Appointed by the Federal Reserve Bank:...

The Money Museum

The Fed operates a museum at its new site, called The Money Museum. It offers visitors opportunities to learn about the functions Federal Reserve system and America's financial systems. Features of the museum include interactives exhibits, a visit to the automated, multi-story cash vault where millions of dollars are secured — one of the largest in the region, viewing of the Harry S. Truman

Harry S. Truman

Coin Collection, and an opportunity to lift a real gold bar. The museum is open weekdays for self-guided tours and for one-hour guided tours, except holidays.

Popular culture

The heist in the 2008 movie Mad Money
Mad Money (film)
Mad Money is a 2008 comedy-crime film starring Diane Keaton, Queen Latifah and Katie Holmes, and directed by Callie Khouri. It is loosely based on the 2001 British film Hot Money.-Plot:...

takes place at the bank.

Leaders of the bank

Leaders of the Kansas City Federal Reserve are:

Charles Manville Sawyer
Charles Manville Sawyer
Charles Manville Sawyer was the first governor of the Federal Reserve Bank of Kansas City from 1914 to 1916.Sawyer was born on a farm near Streator, Illinois...

, Governor, 1914-1916
Jo Zach Miller, Jr.
Jo Zach Miller, Jr.
Jo Zach Miller Jr. was governor of the Federal Reserve Bank of Kansas City from 1916 to 1922.Miller was born on a farm near Austin, Texas. He attended Saint Louis University and returned to Texas where he was a prominent banker.In 1910 he moved to Kansas City where he became vice president for...

, Chairman, 1914-1916; Governor, 1916-1922
Willis Joshua Bailey, Governor, 1922-1932
George Henry Hamilton
George Henry Hamilton
George Henry Hamilton was president of the Federal Reserve Bank of Kansas City from 1932 to 1941.Hamilton served three terms in the Illinois legislature. In 1912 he purchased the State Savings Bank of Wichita, Kansas...

, Governor/President, 1932-1941
Harold Gavin Leedy
Harold Gavin Leedy
Harold Gavin Leedy was president of the Federal Reserve Bank of Kansas City from 1941 to 1961.Leedy was born in Benton, Missouri, U.S. His family moved to Cameron, Missouri when he was a child. He graduated fromWilliam Jewell College...

, President, 1941-1961
George H. Clay
George H. Clay
George H. Clay was president of the Federal Reserve Bank of Kansas City from 1961 to 1976.Clay was born in Kansas City, Kansas, attended Kansas City Junior College, William Jewell College and received a law degree from the University of Missouri School of Law.In 1944 he joined Trans World Airlines...

, President, 1961-1976
J. Roger Guffey
J. Roger Guffey
J. Roger Guffey was president of the Federal Reserve Bank of Kansas City from 1976 to 1991.Among Guffey's contributions was starting the Bank's Jackson Hole, Wyoming, Symposium which began as a agricultural symposium in 1978 but had became broader when it moved to Jackson Hole in 1982.Guffey was...

, President, 1976-1991
Thomas M. Hoenig
Thomas M. Hoenig
Thomas Michael Hoenig took office October 1, 1991, as the eighth chief executive of the Tenth District Federal Reserve Bank, in Kansas City, United States. He is serving a full term that began March 1, 2001...

, President, 1991-2011
Esther George
Esther George
Esther L. George is president and chief executive of the Federal Reserve Bank of Kansas City.George is a native of Faucett, Missouri, U.S., received a BSBA degree in Business Administration from Missouri Western State University an MBA degree from the University of Missouri-Kansas City...

, President, 2011-present

Chairman

Following are chairmen of the Kansas City Federal Reserve since 1992.

Year	Chairman	Company	Residence
2011	Paul DeBruce	DeBruce Grain	Kansas City, Missouri
2010	Lu M. Córdova	Corlund Industries	Boulder, Colorado Boulder, Colorado Boulder is the county seat and most populous city of Boulder County and the 11th most populous city in the U.S. state of Colorado. Boulder is located at the base of the foothills of the Rocky Mountains at an elevation of...
2009	Lu M. Córdova	Corlund Industries	Boulder, Colorado
2008	Lu M. Córdova	Corlund Industries	Boulder, Colorado
2007	Robert A. Funk	Express Personnel Services	Oklahoma City, Oklahoma Oklahoma City, Oklahoma Oklahoma City is the capital and the largest city in the state of Oklahoma. The county seat of Oklahoma County, the city ranks 31st among United States cities in population. The city's population, from the 2010 census, was 579,999, with a metro-area population of 1,252,987 . In 2010, the Oklahoma...
2006	Robert A. Funk	Express Personnel Services	Oklahoma City, Oklahoma
2005	Robert A. Funk	Express Personnel Services	Oklahoma City, Oklahoma
2004	Richard H. Bard	International Surface Preparation Corporation	Golden, Colorado Golden, Colorado The City of Golden is a home rule municipality that is the county seat of Jefferson County, Colorado, United States. Golden lies along Clear Creek at the edge of the foothills of the Front Range of the Rocky Mountains. Founded during the Pike's Peak Gold Rush on 16 June 1859, the mining camp was...
2003	Richard H. Bard	International Surface Preparation Corporation	Golden, Colorado
2002	Terrence P. Dunn	J.E. Dunn Construction	Kansas City, Missouri
2001	Terrence P. Dunn	J.E. Dunn Construction	Kansas City, Missouri
2000	Jo Marie Dancik	Ernst & Young Ernst & Young Ernst & Young is one of the largest professional services networks in the world and one of the "Big Four" accountancy firms, along with Deloitte, KPMG and PricewaterhouseCoopers ....	Denver, Colorado Denver, Colorado The City and County of Denver is the capital and the most populous city of the U.S. state of Colorado. Denver is a consolidated city-county, located in the South Platte River Valley on the western edge of the High Plains just east of the Front Range of the Rocky Mountains...
1999	Jo Marie Dancik	Ernst & Young	Denver, Colorado
1998	Jo Marie Dancik	Ernst & Young	Denver, Colorado
1997	A. Drue Jennings	Kansas City Power & Light Company	Kansas City, Missouri
1996	A. Drue Jennings	Kansas City Power & Light Company	Kansas City, Missouri
1996	Herman Cain Herman Cain Herman Cain is a candidate for the 2012 U.S. Republican Party presidential nomination.Cain has a background as a business executive, syndicated columnist, and radio host from Georgia. He served as chairman and CEO of Godfather's Pizza from 1986 to 1996...	Godfather's Pizza Godfather's Pizza Godfather's Pizza is a privately owned restaurant chain headquartered in Omaha, Nebraska that operates fast casual Italian franchises. -History:...	Omaha, Nebraska Omaha, Nebraska Omaha is the largest city in the state of Nebraska, United States, and is the county seat of Douglas County. It is located in the Midwestern United States on the Missouri River, about 20 miles north of the mouth of the Platte River...
1995	Herman Cain	Godfather's Pizza	Omaha, Nebraska
1994	Burton A. Dole, Jr. Burton A. Dole, Jr. Burton A. Dole, Jr. is Chairman of Dole/Neal, LLC, a privately-held energy management firm.-Prior:Dole received both a bachelor's degree in mechanical engineering and a master's degree in business administration from Stanford University after which he held several positions with Hewlett Packard ...	Puritan-Bennett Corporation	Overland Park, Kansas Overland Park, Kansas -Demographics:As of the census of 2000, there were 149,080 people, 59,703 households, and 39,702 families residing in the city. The population density was 2,627.0 people per square mile . There were 62,586 housing units at an average density of 1,102.9 per square mile...
1993	Burton A. Dole, Jr.	Puritan-Bennett Corporation	Overland Park, Kansas
1992	Burton A. Dole, Jr.	Puritan-Bennett Corporation	Overland Park, Kansas

Current Board of Directors

The following people are on the board of directors as of 2011:

Class	Name	Company	Residence	Term Expires Dec 31	Notes
A	John A. Ikard	FirstBank Holding Company	Lakewood, Colorado	2011
A	David W. Brownback	Citizens State Bank & Trust Company	Ellsworth, Kansas	2012
A	Max T. Wake	Jones National Bank & Trust Co.	Seward, Nebraska	2013
B	Richard K. Ratcliffe	Ratcliffe\'s Inc.	Weatherford, Oklahoma	2011
B	John T. Stout, Jr.	Plaza Belmont Management Group LLC	Shawnee Mission, Kansas	2012
B	Mark Gordon	Merlin Ranch	Buffalo, Wyoming	2013
C	Lu M. Córdova	Corlund Industries/Almacen Storage Group	Boulder, Colorado	2011	Deputy Chairman
C	Paul DeBruce	DeBruce Grain	Kansas City, Missouri	2012	Chairman
C	Terry L. Moore	Omaha Federation of Labor, AFL-CIO	Omaha, Nebraska	2013

According the Kansas City's website the directors blended as follows:

Class A - Three Class A directors represent commercial banks that are members of the Federal Reserve System. These directors are bankers who are nominated and elected by member banks within the Tenth Federal Reserve District, which includes western Missouri, Nebraska, Kansas, Oklahoma, Wyoming, Colorado and northern New Mexico. Under the Class A category, a director will be elected by a specific group of member banks classified as either 1, 2 or 3. This classification is based on the total amount of capital and surplus for each commercial bank, with Group 1 banks being the largest. Each group within the class elects one director.

Class B - Three Class B directors represent the public. Class B directors may not be an officer, director or employee of a bank or bank holding company. These directors are also elected by member banks under the same categories as Class A directors.

Class C - Three Class C directors also represent the public, but are appointed by the Board of Governors of the Federal Reserve System. This adds another layer to the blending of public and private control over the nation’s central bank. The Board of Governors also selects both the chairman and deputy chairman of each regional Federal Reserve Bank’s Board of Directors from among the Class C directors. These directors are highly insulated from banking relationships. They may not be an officer, director or employee of a bank or bank holding company. Additionally, these directors may not own stock in a bank or a bank holding company.

External links

Kansas City Fed home page
The old main office building is at coordinates 39.103429°N 94.580929°W

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