December 13, 1919





RECORD    AND    GUIDE





607







Largest Bank Building in World for Federal  Reserve

Details   of   the   Structure   Designed   by York and Sanger To Be Erected Soon

as Plot Is Available





DIRECTORS of the Federal Reserve Bank have accepted
the designs submitted in competition by York & Sawyer
for the building- to be erected on the block front in
Nassau street, from Maiden Lane to Liberty street, and which
will become the largest structure in the world used exclusively
for banking quarters. The projected building will be fifteen
stories in height and will practically cover the block bounded
by Nassau street, William street, Maiden Lane and Liberty
street.

Plans as accepted by the Federal Reserve Board call for a





is estimated that it will require at least two years to complete
this structure and it may possibly be another year before work
IS actually started.

The principal entrance to the Federal Reserve Bank Build¬
ing will be located on the Liberty street side with the service
entrance on the Maiden Lane side. Nassau street is too
crowded with traffic to allow the main entrance to be located
on this thoroughfare and the dip from Liberty street to Maiden
Lane is too prominent to allow a good solution of the en¬
trance  feature.













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York &  Sawyer, Architects.
LIBERTY STREET FACADE OF PROPOSED FEDERAL RESERVE BANK.





building containing 462,079 square feet of floor space, which
is equivalent'to approximately twelve acres, an area one and
one-half times that of City Hall Park. At the present time
it is not definitely known just what this structure will cost
but it is believed that it can be erected for some figure be¬
tween $10,000,000 and $15,000,000, exclusive of the cost of
the ground  which was  nearly $5,000,000.

The proposed Federal Reserve Bank Building will be prac¬
tically a loft structure of the highest type. The directors of
the institution said that a loft building was exactly what they
desired, since the purpose of the structure was to be service
of the highest order. They also explained that the structure
would have to be dignified, as no sensational type of building
would be entertained by the bank.

The proposed structure has been designed in a modified
Florentine style of architecture^ adapted to American ideas
and  the   peculiarities   of  the   downtown   business   district.     It





The main entrance will be about two stories in height and
will lead into a great lobby that will run at right angles to
it. Toward Nassau street the lobby, or corridor, will open
into a general reception room, as it will be at this end of the
floor that the executives of the institution will have their
oflices. This reception space will be 34 feet wide and 71 feet
long and will reach through two floors of the building. It
will be a magnificent room. Off this room, toward Nassau
street, will be located nine offices, the workshops of the di¬
rectors and their secretaries. Stretching along the Maiden
Lane side of the floor will be seven offices and an immense
conference room. At the William street end of the first
floor about 11,470 square feet will be devoted to working
rpace to be used as the directors may later decide. The en¬
tire Nassau street side of the second floor will be a conference
room.    There  will  be  nine private  offices  along the   Maiden

(Continued on page 608)