Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-04-11
TO- LAY RESERVE BANK
CORNERSTONE TUESDAY
Home OF Federal Institution VIII
BE Ready for Occupancy
January /, 1921.

! Exercises incident to laying Of the
cornerstone of the new Federal Re-
serve Bank of Richmond will be held
| on Tuesday afternoon at 1880 o'clock,
conducted by Richmond Lodge. No.
10. Ancient. Free and Accepted
| Masons. The procession will be es-
| corted by the Commandcry of St
Andrew, No. 10. knights Templar.
commanded by w. S. Petit, and the
John Marshall Cadet Battalion.
The new home of the bank is on
Ninth Street. AZ Franklin. and Just
across from Capitol Square. II will
be built of limestone. OH granite
foundation. Officials of the bank ex-
pect to occupy 1t about January 1,
1921. moving there from their con-
Sestcd quarters on Main Street.
George j. Seay, governor of tho
yesterday afternoon gave out the fol-
lowing statement relative to the in
stitution:
In Richmond all the largest banks
are located in one district and on
one strcet-Main Street. The re-
serve bank building will be just one
block north of this district, Within
easy reach OF all the banking insti-
tutions of the city.
The lot on which the building is
being erected Is ninety-four by 100
feet. on corner. fronting Capitol
Square. 1t is in the center of the
skyscraper section OF Richmond
81 by 100 Feet.
The building will he eighty-four
by 100 feet. up to the height of the
main banking room. about thirty
feet from the ground Above that
point, the building will be. nifty by
100 feet. every point within i, be-
ing about twenty-five feet from cx-
terror light The building will COM
prise eight stories. having finished
banking room in the basement. and
"A sub -ba srmcnt win mechanical
equipment. The main banking room
will be a few steps up from the street
level and will be about eighty by
ITO feet.
The interior arrangement is SINH
lar TO that of the Guaranty Trust
Company, the executive officers Of fhc
bank being on one side OF the room
and the Federal reserve agent and
his force on the opposite side. n sec
ton in the center being arranged
Tor the discount department.. tellers
and othres. This room will be about
1wcn,y-eight feet in pitch
The exterior OF the building will be
OF limestone. on n granite base. The
interior OF the main banking. room
also will be of limestone, with Ten
nessee marble trimmings.
| The vault will be OF REINFORCED
/ concrete. with electric burglar pro-
| lection and Il 4-inch steel lining OF
torch nnd-drill-proof metal, the main
door being eighteen inches thick. The
vault VIII be three stories. with
stairway and electric lift. The bot
tom moor OF the vault will be forty
nine feet by twenty-one feet by
eleven feet pitch. The two floors
above will he twenty seven by TWEEN
ty-one feet by seven and one half
feet pitch. The bottom floor of the
vault will be twenty-five feet in
length, greater than the Two floors
above. the bottom floor being in the
sub-hasement. There will he small
emergency vault in the rear OF the
large vault.
Install Rcstnurnnt.
The top floor OF the building is
equipped for 4 restaurant. All other
doors will from the beginning. be
partly occupied by the present force
OF the bank. but iibc raj room for ex-
pans!on has been provided IN every
department.
To provide for future growth, the
bank has purchased = lot in the rear
OF its present site, separated from II
by an alley.
The Richmond bank is at present
occupying four buildings and is op-
Grating under n handicap. as in the
case of mos, of the Other reserve
banks. The present force numbers
315. and in the Baltimore branch.
1875. The force of the bank is divided
as follows: Executive officers. q;
Federal reserve agents department,
10: auditing. accounting and book
Keeping department, 81; money and
coupon department, %; fiscal agent
and bond department. 81; discount
department. Il; transit and mail de-
partmcnt, us: miscellaneous, SO.