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{{Organization
|OrganizationName=Federal Reserve Bank of Kansas City
|OrganizationType=Independent Agencies
|Mission=To foster the stability, integrity, and efficiency of the U.S. economy and financial system. The Kansas City Fed serves the Tenth Federal Reserve District by executing monetary policy, overseeing financial institutions, and providing payment services.
|ParentOrganization=Federal Reserve System
|CreationLegislation=Federal Reserve Act of 1913
|Employees=1100
|Budget=Not publicly specified (self-funding organization)
|OrganizationExecutive=President and CEO
|Services=Monetary policy execution; bank supervision; payment services; economic research;
|HeadquartersLocation=39.07519, -94.58621
|HeadquartersAddress=1 Memorial Drive, Kansas City, MO 64198
|Website=https://www.kansascityfed.org
}}
{{Short description|Member Bank of Federal Reserve}}
{{Short description|Member Bank of Federal Reserve}}
{{Infobox central bank
{{Infobox central bank
| name = Federal Reserve Bank of Kansas City
| name = Federal Reserve Bank of Kansas City
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[[Image:925 Grand-former Federal Reserve-KCMO.jpg|thumb|upright|right|[[925 Grand]], designed by [[Graham, Anderson, Probst & White]], 1921.]]
[[Image:925 Grand-former Federal Reserve-KCMO.jpg|thumb|upright|right|[[925 Grand]], designed by [[Graham, Anderson, Probst & White]], 1921.]]
The bank first occupied the [[R.A. Long Building]] at 928 Grand in [[Downtown Kansas City]], which opened on November 16, 1914. It then moved across the street once a new $4.3 million building was constructed at [[925 Grand]], which formally opened in November 1921. Shortly after it was established, the bank rented space to outside tenants.<ref>[http://www.kc.frb.org/infofrkc/timeline.htm -Timeline - Official Federal Reserve Bank of Kansas City Website] {{webarchive |url=https://web.archive.org/web/20061210094325/http://www.kc.frb.org/infofrkc/timeline.htm |date=December 10, 2006 }}</ref>
The bank first occupied the [[R.A. Long Building]] at 928 Grand in [[Downtown Kansas City]], which opened on November 16, 1914. It then moved across the street once a new $4.3 million building was constructed at [[925 Grand]], which formally opened in November 1921. Shortly after it was established, the bank rented space to outside tenants.<ref>[http://www.kc.frb.org/infofrkc/timeline.htm -Timeline - Official Federal Reserve Bank of Kansas City Website] {{webarchive |url=https://web.archive.org/web/20061210094325/http://www.kc.frb.org/infofrkc/timeline.htm |date=December 10, 2006 }}</ref>
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 completed in 1957.<ref>{{cite web|url=http://www.trumanlibrary.org/places/kc10a.htm |title=Truman Places: Federal Reserve Bank - Trumanlibrary.org - Retrieved January 5, 2008 |publisher=TrumanLibrary.org |access-date=16 November 2011}}</ref>
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 completed in 1957.<ref>{{cite web|url=http://www.trumanlibrary.org/places/kc10a.htm |title=Truman Places: Federal Reserve Bank - Trumanlibrary.org - Retrieved January 5, 2008 |publisher=TrumanLibrary.org |access-date=16 November 2011}}</ref>


In 2002, the bank announced plans to build a new facility at [[1 Memorial Drive]] 20 blocks south at 29th and Main on {{convert|15.6|acre|m2}} on a hilltop south of the [[Liberty Memorial]]. 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 in spring 2008.<ref name="kansascityfed.org">[http://www.kansascityfed.org/Pubaffrs/PRESSREL/pr05-05.htm Federal Reserve Bank of Kansas City Announces Sale of Headquarters Building - March 15, 2005 - Official Press Release] {{webarchive |url=https://web.archive.org/web/20060930093514/http://www.kansascityfed.org/Pubaffrs/PRESSREL/pr05-05.htm |date=September 30, 2006 }}</ref><ref>{{Cite web|title=Frequently Asked Questions|url=https://www.kansascityfed.org/about-us/frequently-asked-questions/|access-date=2021-08-04|website=www.kansascityfed.org|language=en}}</ref> It was designed by [[Henry N. Cobb]] of [[Pei Cobb Freed & Partners]].
In 2002, the bank announced plans to build a new facility at [[1 Memorial Drive]] 20 blocks south at 29th and Main on {{convert|15.6|acre|m2}} on a hilltop south of the [[Liberty Memorial]]. 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 in spring 2008.<ref name="kansascityfed.org">[http://www.kansascityfed.org/Pubaffrs/PRESSREL/pr05-05.htm Federal Reserve Bank of Kansas City Announces Sale of Headquarters Building - March 15, 2005 - Official Press Release] {{webarchive |url=https://web.archive.org/web/20060930093514/http://www.kansascityfed.org/Pubaffrs/PRESSREL/pr05-05.htm |date=September 30, 2006 }}</ref><ref>{{Cite web|title=Frequently Asked Questions|url=https://www.kansascityfed.org/about-us/frequently-asked-questions/|access-date=2021-08-04|website=www.kansascityfed.org|language=en}}</ref> It was designed by [[Henry N. Cobb]] of [[Pei Cobb Freed & Partners]].
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Since 1978,<ref>[http://www.kansascityfed.org/publications/research/escp/archive.cfm Economic Symposium Conference Proceedings | Federal Reserve Bank of Kansas City] {{webarchive|url=https://web.archive.org/web/20140929201047/http://kansascityfed.org/publications/research/escp/archive.cfm |date=2014-09-29 }}</ref><ref>{{Cite web |url=http://www.kc.frb.org/publications/research/escp/archive.cfm |title=Economic Symposium Conference Proceedings {{!}} Federal Reserve Bank of Kansas City |access-date=2014-08-24 |archive-url=https://web.archive.org/web/20140822190434/http://www.kc.frb.org/publications/research/escp/archive.cfm |archive-date=2014-08-22 }}</ref> the Kansas City Fed has held an annual economic policy symposium. From 1978&ndash;1981, it was held at different locations, and from 1982 it has been held in [[Jackson Hole]], Wyoming.<ref>{{cite web |url= http://usatoday30.usatoday.com/money/economy/fed/story/2012-08-30/federal-reserve-jackson-hole-history/57440674/1 |title=Why world markets focus on tiny Jackson Hole, Wyo. |first=Paul |last=Wiseman |date=30 August 2012 |work=USA Today |access-date=23 March 2013}}</ref> 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.<ref>{{cite web |url=http://www.kc.frb.org/home/subwebnav.cfm?level=3&theID=10979&SubWeb=10660 |title=Jackson Hole Symposium - kc.frb.org - Retrieved August 22, 2009 |publisher=kc.frb.org |access-date=2011-11-16 |archive-url=https://web.archive.org/web/20090801034445/http://www.kc.frb.org/home/subwebnav.cfm?level=3&theID=10979&SubWeb=10660 |archive-date=August 1, 2009 }}</ref>
Since 1978,<ref>[http://www.kansascityfed.org/publications/research/escp/archive.cfm Economic Symposium Conference Proceedings | Federal Reserve Bank of Kansas City] {{webarchive|url=https://web.archive.org/web/20140929201047/http://kansascityfed.org/publications/research/escp/archive.cfm |date=2014-09-29 }}</ref><ref>{{Cite web |url=http://www.kc.frb.org/publications/research/escp/archive.cfm |title=Economic Symposium Conference Proceedings {{!}} Federal Reserve Bank of Kansas City |access-date=2014-08-24 |archive-url=https://web.archive.org/web/20140822190434/http://www.kc.frb.org/publications/research/escp/archive.cfm |archive-date=2014-08-22 }}</ref> the Kansas City Fed has held an annual economic policy symposium. From 1978&ndash;1981, it was held at different locations, and from 1982 it has been held in [[Jackson Hole]], Wyoming.<ref>{{cite web |url= http://usatoday30.usatoday.com/money/economy/fed/story/2012-08-30/federal-reserve-jackson-hole-history/57440674/1 |title=Why world markets focus on tiny Jackson Hole, Wyo. |first=Paul |last=Wiseman |date=30 August 2012 |work=USA Today |access-date=23 March 2013}}</ref> 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.<ref>{{cite web |url=http://www.kc.frb.org/home/subwebnav.cfm?level=3&theID=10979&SubWeb=10660 |title=Jackson Hole Symposium - kc.frb.org - Retrieved August 22, 2009 |publisher=kc.frb.org |access-date=2011-11-16 |archive-url=https://web.archive.org/web/20090801034445/http://www.kc.frb.org/home/subwebnav.cfm?level=3&theID=10979&SubWeb=10660 |archive-date=August 1, 2009 }}</ref>


In 2003 and 2005, papers were presented at the symposium that were critical of the status quo, and predicted 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 [[2007–2008 financial crisis]].<ref name=rajan-prescient>{{cite news|last=Lahart|first=Justin|title=Mr. Rajan Was Unpopular (But Prescient) at Greenspan Party|url=https://www.wsj.com/articles/SB123086154114948151|access-date=18 April 2010|newspaper=[[The Wall Street Journal]]}}</ref><ref name=oracles>{{cite news|last=Lahart|first=Justin|title=Ignoring the Oracles: You Are With the Free Markets, or Against Them|url=https://blogs.wsj.com/economics/2009/01/01/ignoring-the-oracles/tab/article|access-date=18 April 2010|newspaper=The Wall Street Journal}}</ref><ref name="spiegel09">{{cite web|author1=Beat Balzli |author2=Michaela Schiessl|title=The Man Nobody Wanted to Hear|url=http://www.spiegel.de/international/business/0,1518,635051,00.html|date=8 July 2009|publisher=Spiegel Online International}}</ref><ref name=warning1>{{cite web |author1=Claudio Borio |author2= William R White |title=Whither Monetary and Financial Stability? The Implications of Evolving Policy Regimes |website=Federal Reserve Bank of Kansas City |url=http://www.kansascityfed.org/publicat/sympos/2003/pdf/Boriowhite2003.pdf|access-date=3 November 2013|archive-date=18 May 2013|archive-url=https://web.archive.org/web/20130518021723/https://www.kansascityfed.org/publicat/sympos/2003/pdf/Boriowhite2003.pdf}}</ref><ref name=warning2>{{cite web|author=Rajan|title=Rajan specific 'warning' papers here (2005)|url=http://www.kansascityfed.org/publicat/sympos/2005/pdf/Rajan2005.pdf|access-date=3 November 2013|archive-date=30 September 2013|archive-url=https://web.archive.org/web/20130930215918/http://www.kansascityfed.org/publicat/sympos/2005/pdf/Rajan2005.pdf}}</ref>
In 2003 and 2005, papers were presented at the symposium that were critical of the status quo, and predicted 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 [[2007–2008 financial crisis]].<ref name=rajan-prescient>{{cite news|last=Lahart|first=Justin|title=Mr. Rajan Was Unpopular (But Prescient) at Greenspan Party|url=https://www.wsj.com/articles/SB123086154114948151|access-date=18 April 2010|newspaper=The Wall Street Journal}}</ref><ref name=oracles>{{cite news|last=Lahart|first=Justin|title=Ignoring the Oracles: You Are With the Free Markets, or Against Them|url=https://blogs.wsj.com/economics/2009/01/01/ignoring-the-oracles/tab/article|access-date=18 April 2010|newspaper=The Wall Street Journal}}</ref><ref name="spiegel09">{{cite web|author1=Beat Balzli |author2=Michaela Schiessl|title=The Man Nobody Wanted to Hear|url=http://www.spiegel.de/international/business/0,1518,635051,00.html|date=8 July 2009|publisher=Spiegel Online International}}</ref><ref name=warning1>{{cite web |author1=Claudio Borio |author2= William R White |title=Whither Monetary and Financial Stability? The Implications of Evolving Policy Regimes |website=Federal Reserve Bank of Kansas City |url=http://www.kansascityfed.org/publicat/sympos/2003/pdf/Boriowhite2003.pdf|access-date=3 November 2013|archive-date=18 May 2013|archive-url=https://web.archive.org/web/20130518021723/https://www.kansascityfed.org/publicat/sympos/2003/pdf/Boriowhite2003.pdf}}</ref><ref name=warning2>{{cite web|author=Rajan|title=Rajan specific 'warning' papers here (2005)|url=http://www.kansascityfed.org/publicat/sympos/2005/pdf/Rajan2005.pdf|access-date=3 November 2013|archive-date=30 September 2013|archive-url=https://web.archive.org/web/20130930215918/http://www.kansascityfed.org/publicat/sympos/2005/pdf/Rajan2005.pdf}}</ref>


=== Jackson Hole Consensus ===
=== Jackson Hole Consensus ===
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==The Money Museum==
==The Money Museum==
[[File:US-$10-FRBN-1915-Fr.817.jpg|thumb|right|$10 1915 Kansas City District [[Federal Reserve Bank Note]].]]
[[File:US-$10-FRBN-1915-Fr.817.jpg|thumb|right|$10 1915 Kansas City District [[Federal Reserve Bank Note]].]]
The Fed operates a museum at its new site, called '''The Money Museum'''. It offers visitors opportunities to learn about the functions of the Federal Reserve system and America's financial systems. Features of the museum include interactive 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]] 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.<ref>[http://www.kansascityfed.org/moneymuseum/includes/index.cfm Federal Reserve Bank of Kansas City, ''The Money Museum''] {{Webarchive|url=https://web.archive.org/web/20080824212642/http://www.kansascityfed.org/moneymuseum/includes/index.cfm |date=2008-08-24 }}, Uploaded 25 July 2008.</ref>
The Fed operates a museum at its new site, called '''The Money Museum'''. It offers visitors opportunities to learn about the functions of the Federal Reserve system and America's financial systems. Features of the museum include interactive 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 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.<ref>[http://www.kansascityfed.org/moneymuseum/includes/index.cfm Federal Reserve Bank of Kansas City, ''The Money Museum''] {{Webarchive|url=https://web.archive.org/web/20080824212642/http://www.kansascityfed.org/moneymuseum/includes/index.cfm |date=2008-08-24 }}, Uploaded 25 July 2008.</ref>
{{Clear}}
{{Clear}}


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*[[Esther George]], President (2011–2023)
*[[Esther George]], President (2011–2023)
*[[Kelly Dubbert]], Acting President (2023)
*[[Kelly Dubbert]], Acting President (2023)
*[[Jeffrey Schmid]], President (2023–present)<ref>{{cite web |title=Kansas City Fed's new chief is a veteran banking executive |url=https://www.reuters.com/business/finance/kansas-city-fed-picks-veteran-banking-executive-new-president-2023-08-02/ |website=[[Reuters]] |access-date=3 August 2023}}</ref>
*[[Jeffrey Schmid]], President (2023–present)<ref>{{cite web |title=Kansas City Fed's new chief is a veteran banking executive |url=https://www.reuters.com/business/finance/kansas-city-fed-picks-veteran-banking-executive-new-president-2023-08-02/ |website=Reuters |access-date=3 August 2023}}</ref>


==Chairs==
==Chairs==