anonymous

English

Research Papers in Economics

Notes
26 WINTER 2007 • TEN
The Federal Reserve Bank of Kansas City 
took the next step toward the completion of its 
new headquarters with November ceremonies 
dedicating the building’s cornerstone and plac-
ing its time capsule. 
Bank officers and directors took part in 
the brief ceremony held at the northeast cor-
ner of the new headquarters building, featur-
ing  comments  from  Robert  Funk,  chairman   
of  the  Bank’s  Board  of  Directors,  and  Dan   
Dillingham,  director  and  chairman  of  the 
Bank’s building committee. 
In  remarks  to  dedicate  the  cornerstone, 
Bank President Tom Hoenig recalled the words 
used  by  the  Bank’s  first  president,  JoZach   
Miller,  Jr.,  at  a  similar  ceremony  held  in 
1921  for  the  Bank’s  current  headquarters  at   
925 Grand Blvd.
“We dedicate this cornerstone ‘in the spirit 
of service and progress, and with a vision only 
to the welfare and progress of those who follow 
us,’” Hoenig said.
The midday ceremony followed a morning 
event where Bank officials filled a time capsule 
with items representative of the Bank’s opera-
tions and work environment, ranging from a 
listing of all state member banks to a Black-
Berry. Other items placed in the time capsule 
were representative of the Tenth Federal Re-
serve District, including a leaf from a Colorado 
aspen tree and a coin commemorating Okla-
homa’s centennial. The ceremony, held in the   
current Bank’s lobby, was attended by employ-
ees and special guest, Jim Miller, whose grand-
father was the Bank’s first president. 
For  the  Bank,  the 
Nov. 16 ceremonies also 
marked  two  important 
anniversaries in its histo-
ry: the 92nd anniversary 
of  the  Bank’s  opening 
and the 85th anniversary 
of the Bank’s move into 
its current headquarters.
Construction  con-
tinues  on  the  600,000-
square-foot  building  at 
One  Memorial  Drive, 
with  move-in  scheduled 
for spring 2008.
Bank dedicates cornerstone
In ATTEnDAnCE  at the time capsule 
ceremony was special guest Jim Miller, 
grandson of the Bank’s first president, 
JoZach  Miller,  Jr.,  commemorated  in   
this painting.
FROM LEFT,  Board Chairman Robert Funk, Bank President 
Tom Hoenig, Deputy Chairman Lu Cordova and First Vice 
President Rich Rasdall place the time capsule in the corner-
stone after the dedication ceremonies in november.
FEDERAL  REsERVE  BAnk  OF  kAnsAs  CITy  officers   
and  directors  flank  a  graphic  depiction    of  the  new   
building’s cornerstone.
P
H
O
T
O
s
 
B
y
 
s
C
O
T
T
 
I
n
D
E
R
M
A
u
R27 WINTER 2007 • TEN
Speeches, events, programs
“Twelve Banks: The strength of  
the Federal Reserve” speech 
Bank President Tom Hoenig  
delivered on sept. 15, 2006
Annual report issue of  
TEN magazine
30th anniversary Economic  
symposium program from 2006
April 2004 Issue of Omaha Views 
and news, featuring the story 
“Check services: The End of  
an Era”
Aug. 2, 2005, special edition of 
Branching Out commemorating 
Oklahoma City Branch’s 85th an-
niversary
90th anniversary booklet from 
kansas City office’s 2004  
celebration
 
nov. 16 time capsule and corner-
stone event remarks and programs
scroll containing signatures of 
employees who attended the  
2006 time capsule ceremony
Photographs
st. Mary’s Hospital in Missouri
The 925 Grand Blvd. building and 
Branch offices
The kansas City skyline from  
Liberty Memorial
Management Committee 
Chairman Ben Bernanke at the  
construction site of new  
headquarters in 2006
Items representing  
the Tenth District
Agricultural and mineral specimens                     
Commemorative state quarters 
from Tenth District states
List of state member banks as  
of nov. 16, 2006
nov. 16, 2006, issue of  
Kansas City Star newspaper
Oct. 10, 2003, Kansas City Star 
article about the new headquarters 
building
Items representing the Bank’s 
current work environment, 
suggested by employees
2007 High Priority Objectives
Telephone directory of supervision 
and Risk Management employees
Listing of current cafeteria prices
Cell phone
BlackBerry
 
nRAs computer token
Bank garage parking stickers
keepsake bag of shredded  
currency given on Bank tours
susan B. Anthony dollar
sacagawea dollar
single $1 and $100 notes
A substitute check
Timeline of Information Technology 
network history (1918-1980)
Bank President Tom Hoenig’s 
employee badge 
Items contributed by  
Bank Directors
Colorado aspen tree leaf
Giving Tree volunteer operation 
marketing piece
Oklahoma state legislative  
lapel pin 
soduko puzzle
 
Dillingham Insurance lapel pin
Wyoming cowboy lapel pin
sheep ranching industry lapel pin
Grand national Quail  
Club lapel pin
starbucks coffee cup sleeve
 
nebraska state quarters
“Omaha In the Making of  
nebraska Labor History” booklet
Photographs of the monument titled 
“Labor,” a dedication to those who 
built the city of Omaha
 
Omaha Federation of  
Labor lapel pin
Armed Forces Bank  
commemorative coin
uptown Partnership 2006  
calendar of events
 
Oklahoma centennial coin
susan B. Anthony dollar
A penny
Express Personnel  
commemorative coin
and stuffed Angus cow
Items from Bank clubs
List of all District employees as  
of nov. 16, 2006
 
25 year Club lapel pin
25 year Club member directory  
as of nov. 16, 2006
The Time CapsuleAnniversaries Bank
The following banks in the Tenth District are celebrating one, five, 10, or 
20 or more years as Federal Reserve members during the first quarter. 
Colorado B&TC of La Junta   La Junta  Colo.   83
Lusk State Bank  Lusk  Wyo.  73
St. Marys State Bank  St. Marys   Kan.   71
First Community Bank  Taos  N.M.  69
Community B&TC  Neosho  Mo.  65
Bank of Holden  Holden  Mo.  62
Colorado Mountain Bank  Westcliffe  Colo.  28
Bank At Broadmoor  Colorado Springs  Colo.  27
First State Bank  Wheatland  Wyo.  26
Freedom Bank of Oklahoma  Tulsa  Okla.  15
Solutions Bank  Overland Park  Kan.  5
Butte State Bank  Butte  Neb.  5
Bank 2  Oklahoma City  Okla.  5
28 WINTER 2007 • TEN
Community Affairs  
focuses on asset building 
As  part  of  a  conference  on  asset  build-
ing––and  a  larger  commitment  to  its  study 
and development––the Federal Reserve Bank 
of Kansas City co-hosted a session on Native 
American asset building last fall in Arizona.
Staff  from  the  Bank’s  Community  Af-
fairs Department partnered with First Nations   
Development  Institute  and  First  Nations   
Oweesta Corporation to host “Perspectives on 
Successful Native Asset Building.” 
The panel of speakers included: Michael 
E. Roberts, president of First Nations Devel-
opment  Institute;  Tanya  Fiddler,  executive   
director of the Four Bands Community Fund; 
and  Manley  A.  Begay,  Jr.,  director  of  Na-
tive Nations Institute at the Udall Center for   
Studies  in  Public  Policy  at  the  University   
of Arizona and co-director of the Harvard Uni-
versity Project on American Indian Economic 
Development.  They  focused  on  governance 
and the effective delivery of programs. 
“The asset-building field covers the core 
focus areas of the Community Affairs Depart-
ment: financial education, affordable housing, 
entrepreneurship and small business develop-
ment,”  says  Paul  Coquillette,  Community   
Affairs  officer  and  assistant  vice  president. 
“Why  does  the  Federal  Reserve  System  care 
about these things? Because asset building by 
individuals and families contributes to econom-
ic development, and programs that encourage 
financial literacy have the potential to improve 
the effectiveness of financial markets.” 
20/20 Leadership Program  
puts the Fed in focus for youth 
For the first time, staff from the Federal 
Reserve Bank of Kansas City recently hosted 
workshops for more than 100 high school stu-
dents as a part of the 20/20 Leadership Pro-
gram that targets area juniors and seniors. 
Bank staff spoke about leadership, careers, 
and  the  importance  of  education  or  train-
ing  in  relation  to  income,  budgeting,  deci-
sion-making, savings and credit. The students 
also learned of Bank-sponsored competitions 
available  to  them  throughout  the  year.  The 
Bank’s commitment to economic and financial   
education will continue through the facilita-
tion of additional workshops for area students 
in the future.
 The 20/20 Leadership Program provides 
experiential education for juniors and seniors 
from 24 schools in Kansas and Missouri. The 
goal  is  to  increase  student  awareness  about 
real-life  issues  while  improving  aptitude  and 
achievement levels. The program, which began 
in 1993, exposes students to government, eco-
nomics,  health,  entrepreneurship,  social  ser-
vices, media and more. 
For  more  information  about  the  Bank’s   
involvement  in  economic  education,  go  to 
www.FederalReserveEducation.org.   
TRuDIE  HALL  of  the  Bank’s  Public  Affairs  Department 
was among the presenters during the 20/20 Leadership   
Program  the  Bank  recently  hosted  for  area  high   
school students.Anniversaries Bank
The following banks in the Tenth District are celebrating one, five, 10, or 
20 or more years as Federal Reserve members during the first quarter. 
Colorado B&TC of La Junta   La Junta  Colo.   83
Lusk State Bank  Lusk  Wyo.  73
St. Marys State Bank  St. Marys   Kan.   71
First Community Bank  Taos  N.M.  69
Community B&TC  Neosho  Mo.  65
Bank of Holden  Holden  Mo.  62
Colorado Mountain Bank  Westcliffe  Colo.  28
Bank At Broadmoor  Colorado Springs  Colo.  27
First State Bank  Wheatland  Wyo.  26
Freedom Bank of Oklahoma  Tulsa  Okla.  15
Solutions Bank  Overland Park  Kan.  5
Butte State Bank  Butte  Neb.  5
Bank 2  Oklahoma City  Okla.  5
Compiled By TEN Staff
T
29 WINTER 2007 • TEN
 
Registration for Fed  
Challenge now underway
Teams of high school students from around 
the Tenth Federal Reserve District can register 
for the 2007 Fed Challenge until Feb. 23.
The  academic  competition  provides  an   
insider’s  view  of  the  Federal  Open  Mar-
ket  Committee  (FOMC)  decision-making   
process and promotes a better understanding 
of  economics.  Scholarships,  grants,  awards 
and  the  chance  to  compete  nationally  in   
Washington, D.C., are at stake.
“Fed  Challenge  stirs  an  interest  in   
economics,  business  and  finance  that 
goes  beyond  high  school  years,”  says  Gigi 
Wolf,  economic  education  specialist  at  the   
Federal Reserve Bank of  Kansas City.
Competitions  will    be    held  locally   
at  students’  nearest  Federal  Reserve  Bank 
Branch office on March 28 or 29, regionally 
at  the  Kansas  City  office  on  April  17,  and   
nationally May 19-21.
For    more    information  and  to  register   
online,  go  to  www.KansasCityFed.org/ 
FedChallenge/challengemain.htm.
COMMENTS/QUESTIONS are welcome  
and should be sent to teneditors@kc.frb.org
sTuDEnTs  FROM  EIsEnHOWER  HIGH  sCHOOL,   
Lawton, Okla., were among the participants in the 2006 
Regional Fed Challenge hosted by the Federal Reserve 
Bank of kansas City. The team won the local competition 
hosted by the Bank’s Oklahoma City Branch to be one   
of four schools competing in the regional contest.

Bank dedicates cornerstone

http://www.kansascityfed.org/publicat/TEN/PDF/Winter2007/Notes.pdf

Bank dedicates cornerstone

Abstract

Similar works

Full text

Available Versions

Research Papers in Economics