Based in Washington DCs Eccles Building, what is the American equivalent of the Bank of England in the UK?
Eccles Building responsibility. Eccles Building The Marriner S. Eccles Federal Reserve Board Building houses the main offices of the Board of Governors of the Federal Reserve System. It is located at 20th Street and Constitution Avenue, N.W., in Washington, D.C. The building, designed in the stripped classicism style, was designed by Paul Philippe Cret and completed in 1937. President Franklin Delano Roosevelt dedicated the building on October 20, 1937. The building was named after Marriner S. Eccles (1890–1977), Chairman of the Federal Reserve under President Roosevelt, by an Act of Congress on October 15, 1982. Previously it had been known as the
The Bank of Washington The Bank of Washington The Bank of Washington, later named The National Bank of Washington and abbreviated as NBW, was the first bank established in Washington, DC. After suffering from bank failure in 1990, the bank was acquired by Riggs Bank. The bank was chartered in 1809. Daniel Carroll of Duddington was the first president of the bank. The bank lent $350,000, more than two-thirds of its capital, to the United States Government during the War of 1812. The bank was initially located on Capitol Hill but in 1828, it moved to a building on 6th Street and Pennsylvania Avenue.