Sunday, August 24, 2008

Federal Reserve Bank

The Federal Reserve Bank of Kansas City, located at 1 Memorial Drive, is the tenth one of the 12 banks in the Federal Reserve System and one of two Federal Reserve Banks in the state of Missouri. On your dollar bill is a circle and in the circle is a letter. Under the letter is the name of the city. Since we are #10, our letter is “J”, the tenth letter of the alphabet.

Inside is the Money Museum where you can see how Bank employees and the vault's robots work together to move large containers of cash within a secure area. Also on display is a unique gold bar weighing 389.27 troy ounces that was cast at the San Francisco Mint in 1959. The bar is worth about $400,000 today and is one of many that once filled the vault at the Federal Reserve Bank of Kansas City. The interactive exhibits explore banking, how people pay for things and how monetary policy decisions impact your family's bottom line. You'll also be able to take a peek into one of the region's largest cash vaults, give the nation's currency your own redesign and view the famous Truman Coin Collection, which includes coins from each U.S. presidential administration. Scooter visited there last week. He said they give you a bag of shredded cash... it's taking him forever to glue them back together!
In front of the Federal Reserve Bank on Memorial Drive are 2 statues, The Spirit of Industry on the left and the Spirit of Commerceon the right, copies of the originals (sculpted by Henry Hering in 1921) that are at the old Federal Reserve Bank Building at 925 Grand Boulevard.
The site where the Federal Reserve sits was originally the home of St. Mary's Hospital.



In the northeast corner of the grounds is a cornerstone dedicated to the Sisters of Saint Mary, now known as the Franciscan Sisters of Mary, who established St. Mary’s Hospital on the property. The monument consists of the original cornerstone, brick from the original chapel, and the chapel bell.




Does anyone know what happened to the marker to commemorate the Santa Fe Trail that was on the gatepost of old St. Mary's? The gateposts were torn down and new ones built for the Federal Reserve Bank, but what happened to the market to the Santa Fe Trail? If you know, please add a comment and let us know!

1 comment:

Anonymous said...

i don't know if it is the same marker, but there is a large boulder marking the santa fe trail on the other side of the park across from the little pond.. on the west side...i visited the money museum last week... they give you a bag of shredded cash... it's taking me forever to glue them back together....scooter