Banks Lake Banks Lake Banks Lake is a long reservoir in central Washington in the United States. Part of the Columbia Basin Project, Banks Lake occupies the northern portion of the Grand Coulee, a formerly dry coulee near the Columbia River, formed by the Missoula Floods during the Pleistocene epoch. Grand Coulee Dam, built by the United States Bureau of Reclamation on the Columbia River created Franklin D. Roosevelt Lake, the reservoir on the river behind the dam. The surface of Lake Roosevelt is several hundred feet above the original Columbia River, making it easier to pump water up and out of
Grand Coulee Dam residents were relocated. The Anti-Speculation Act was passed in 1937, limiting the amount of land farmers could own to prevent inflated prices. The government appraised the land and offered to purchase it from the affected residents. Many refused to accept the offers, and Reclamation filed condemnation suits. Members of the Colville Confederated and Spokane tribes who had settlements within the reservoir zone were also resettled. The Acquisition of Indian Lands for Grand Coulee Dam Act of , 1940, allowed the Secretary of the Interior to acquire land on the Colville and Spokane Reservations, eventually accounting for . By 1942, all