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Houston Federal Reserve Bank Branch Opens

The Houston branch of the Federal Reserve Bank of Dallas is now open and as Houston Public Radio’s Laurie Johnson reports — Federal Reserve Chairman Alan Greenspan was in Houston to commemorate the event. More than 2,000 people worked over a three-year period to build the new Houston branch on Allen Parkway. The 280,000 square […]

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The Houston branch of the Federal Reserve Bank of Dallas is now open and as Houston Public Radio’s Laurie Johnson reports — Federal Reserve Chairman Alan Greenspan was in Houston to commemorate the event.

More than 2,000 people worked over a three-year period to build the new Houston branch on Allen Parkway. The 280,000 square foot facility will be the distribution center of more than $1 billion in cash for the region. Federal Reserve Chairman Alan Greenspan addressed the crowd of business and civic leaders and bank employees.

The building is dedicated to Houstonian and former Federal Reserve Governor Mike Kelly, who served on the board of governors for 14 years. Kelly says the Fed has a real responsibility for keeping the economy running smoothly.

The $95 million bank was designed by architect Michael Graves, who incorporated Texas materials and art into the bank’s open atmosphere. The vault is open to public viewing and is the second largest in the Federal Reserve system after New York.

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Laurie Johnson-Ramirez

Laurie Johnson-Ramirez

News Director

Laurie Johnson-Ramirez leads news coverage for Houston Public Media across broadcast and digital platforms. Ramirez is a native Houstonian who started her career at Houston Public Media in 2002. Before becoming News Director, Ramirez held the position of Executive Producer for Daily News, leading daily and breaking news coverage, helping...

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