1 Memorial Drive

1 Memorial Drive is the headquarters complex of the Federal Reserve Bank of Kansas City.

The 618,000 square foot complex consisting of a 14-story tower and two-story base containing its cash processing and operations facilities was designed by Pei Cobb Freed & Partners was dedicated June 11, 2008, and replaced its headquarters at 925 Grand.

[1] The complex is located in Penn Valley Park opposite the Liberty Memorial on the site that was the former St. Mary's Hospital where Jo Zach Miller, Jr., president of the bank who oversaw the construction of 925 Grand, had spent his last days.

Its most prominent exhibit is a 27-pound gold bar valued at $400,000 which visitors are permitted to pick up.

A 65 foot high sculpture by John Salvest from Arkansas State University was temporarily erected on city property opposite the building that proclaimed "IOU" on one side and "USA" on the other.