Show F Building Home 0 1 i f. f f. f if if J Salt k Interested As Branch BraDell NEW EW building of the federal reserve bank of San Francisco now being co constructed in San Francisco Upper main maint entrance on Sansome street lower Sacramento street side t i j I I c. i II f. c-f. Cs t tc c tc t c- c 1 f T TL r r L r a i ie II i c t C t t 1 4 v Handsome Structure for Twelfth District Bank of San Francisco Now Being Constructed B of the We fact fac that in in Salt Lake is located a branch of the Twelfth district federal reserve reserve bank the people of this this' city will be interested iu lU the announcement that the federal reserve bank of San Ban Francisco has commenced the construction of its new home I When completed about the end of next year this head office for the federal federal fed fed- eral oral reserve system in the Twelfth district district dis dis- will be a most imposing addition to 19 the financial district of San Fran Fran- cisco The bank which opened for business business bus bus- iness mess in San l Francisco on November 16 1914 in the rear part of the room of the Merchants' Merchants National bank with witha a staff of twenty-three twenty Including officers officers cers clerks watchman and janitor has expanded so rapidly that it now has a force of 1019 in the head office and its branches in Spokane Seattle Portland Salt Lake City and Los An An- geles In the fall faU of ot 1917 and the spring of 1918 a building site for the head office was purchased comprising the entire block bounded by Sansome Sacramento Battery and Commercial streets feet by feet Located on this property property property prop prop- erty was a story six-story building which I the bank remodeled for temporary use and has bias occupied since sinde September 28 28 1918 the additional space apace required being being be be- I be-I ing leased in a neighboring building I lately upon purchasing the building site George W- W Kelham was chosen as architect and P. P J. J Walker company as construction superintend superintend- II Building plans were approved in the fall faU of ot 1919 but construction i was at that deferred in order notto notto not notto to aggravate a situation already difficult difficult i cult by reason of the acute shortage I of labor and materials and Inadequate transportation Since then the law was wa's enacted pr pro providing II viding for the transfer not later than June 30 10 1921 of all aIt the operations to the federal reserve bank hank The need for additional facilities has I become so pressing that preparations for immediate construction are now under wa way All AU the buildings on the premises premisE's except that now flOW occupied by the bank ban It are being razed and the pilIng piling pil pil- I ing of the ground will immediately follow rollow fob fol low so that the foundations may be completed prior to the arrival of the I steel which has been contracted for delivery deliver in November and December I The western part of tho t twill will be first completed after which i the che building now temporarily occupied will be razed and the eastern part of the new building erected The present construction will be four stories and a high basement although the foundations and steel will be such as to permit r fourteen e stories le if hereafter hereafter here here- I It louT leiH iH grf after t required e The vaults will be Inthe in Ithe I Ithe the basement Abasement In which all aU important transactions in foney and bonds willbe will willbe willbe I be handled both in and out without going to the main banking room This in a sense will be the wholesale floor I with access from Battery street for automobiles which will be loaded or I unloaded behind locked gates I The executive officers will be on the third floor The main entrance will be bo from Sansome street on the west into I a a. spacious lobby from which access will be had to the various departments I The banking r room om itself although large lar-e. will differ from that of or an ordinary or or- I J dinar commercial bank bank- bankIn In being subOrdinated SUb SUb- sub 1 to the thc entrance lobby The building will wiil be he of ot monumental I design and of extreme extreme- simplicity throughout F Every very safeguard will be employed to secure the most adequate I protection The vaults will be of large barge size and will be constructed in the manner to be by an Investigating investigating gating committee of experts appointee appointed I by the federal reserve board boar who are arc arenow arenow now making extensive tests in Wash Wash- I ington It is anticipated that the western west west- cm ern portion of ot the tile building will ivill be bo ready for occupancy by the end of west I 1921 or ear early in 1922 |