FEDERAL RESERVE BANK OF KANSAS CITY The Federal Reserve Bank of Kansas City announces it has reached agreement on the sale of its headquarters building at 925 Grand Blvd. and surrounding properties to Townsend, LLC. Under the terms of the agreement, the Bank will lease back the space until the completion of its new headquarters facility. The transaction is subject to review and approval by the Federal Reserve Bank of Kansas City’s Board of Directors. Construction is scheduled to begin on the Bank’s new 600,000-square-foot headquarters at 29th and Main Street later this year. Completion is currently projected for mid-2008. The Federal Reserve Bank of Kansas City serves the Tenth Federal Reserve District, which encompasses the western third of Missouri, Kansas, Nebraska, Oklahoma, Wyoming, Colorado and the northern half of New Mexico. As part of the nation’s central bank, the Bank participates in setting national monetary policy, supervising and regulating numerous commercial banks and bank holding companies, and providing check processing and other services to depository institutions. The Bank has approximately 1,000 employees at its Kansas City headquarters. ### Return to www.kansascityfed.org
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