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Together, as members of the Fed family, we stand for inclusivity, diversity, equal opportunity, and an open exchange of ideas and viewpoints. These values that we uphold at the Federal Reserve are one of the main reasons I have dedicated my life's work to this institution. - Roger Replogle Federal Reserve Bank of San Francisco 3 1920s The Early Days 1920s Did someone say traffic? A picture of a little traffic jam on 7th and Broadway in the 1920s. Images Retrieved from https://waterandpower.org/museum/museum.html. Federal Reserve Bank of San Francisco 8 1920s What else was happening in the City of Angels? Los Angeles was a city of 575,000 people, residing in an area of 364 square miles. 1920 1921 The Los Angeles Public Library opens its doors for the first time. The Rose Bowl in Pasadena opens. 1922 A young Amelia Earhart begins flying lessons in the Los Angeles area. 1923 The iconic Los Angeles Memorial Coliseum opens. Images Retrieved from https://waterandpower.org/museum/museum.html. 1925 1926 The Los Angeles City Hall is completed. 1928 The Spanish-language newspaper La Opinion is founded with its first publication released on September 16. 1929 UCLA opens the first four buildings in Westwood. Federal Reserve Bank of San Francisco 9 1930s A new place to call home 1930s A New Building for Los Angeles “Handsome edifice for Federal Reserve Bank makes for efficiency in serving banking needs of the great southwest”. 1930s The First Floor Home to the offices of the Managing Director, Assistant Manager, Assistant Cashier, Collections Dept., Discount Dept., and Securities Teller. Images courtesy of the Federal Reserve Bank of San Francisco Archives Federal Reserve Bank of San Francisco 14 The Cafeteria and Lounges The dining room is large and sunny with a floor of red and black tile imported from Germany, walls finished to a height of four feet in glazed tile Images courtesy of the Federal Reserve Bank of San Francisco Archives 1930s The lounges are tastefully carpeted and comfortably furnished with overstuffed davenports and chairs, walnut tables, and artistic table lamps Federal Reserve Bank of San Francisco 15 1930s Office of the Chief Guard This is where the master clock was located and used to control all the clocks in the building. Images courtesy of the Federal Reserve Bank of San Francisco Archives Federal Reserve Bank of San Francisco 16 The Vault The vault extends two stories beneath street level and is of unique rivet grip type construction. 1930s The structure contains three hundred tons of intricately laid steel bars covered by concrete measuring three-feet thick. The vault doors are made of York steel weighing in at forty tons. Images courtesy of the Federal Reserve Bank of San Francisco Archives Federal Reserve Bank of San Francisco 17 1930s Third Floor Home to the Transit Functions later known as the Checks Department Images courtesy of the Federal Reserve Bank of San Francisco Archives Federal Reserve Bank of San Francisco 18 1930s Meanwhile in Los Angeles… The population in Los Angeles increased to 1,238,048 at the start of the decade. 1930 The Long Beach Earthquake rocks Southern California. 1932 The 10th Olympic games are hosted in Los Angeles. 1933 The Griffith Park Observatory opens to the public. 1934 The Original Farmers Market opens. Images Retrieved from https://waterandpower.org/museum/museum.html. 1935 Union Station is completed and ready for the public. 1938 1939 14 inches of rain drenched Los Angeles over a three-day period, resulting in some of the most devastating floods in the LA Area. Federal Reserve Bank of San Francisco 19 1940s Business is booming while war is looming 1940s May 1945 Personnel Dept. Report The 12th District was comprised of 2,462 employees. The Los Angeles Branch accounted for 31% of the overall total. Images courtesy of the Federal Reserve Bank of San Francisco Archives Federal Reserve Bank of San Francisco 21 1940s Buy War Bonds! Hungry? Perfection Time Served As the war raged in the Pacific and Europe, the 12th District supported our troops through contributions in the form of buying and selling war bonds which were used to procure much needed equipment. The cafeteria staff was comprised of people from different departments within the branch. Daily, an average of 315 employees were served what was referred to as “food you can’t beat!” Ellen Frank (left), Minnie Pearl Carney (center) and Patricia R. Flannery (right) IBM operators, who were masters in their field, touting zero mis-sorts and clearing an excess of 1 million checks with very few errors. Feb of 1949, Amos Gowan and James Mitchell retired after working in the Los Angeles Branch since the late 1920’s. Both gentlemen served in the Navy during WW2 from 1942 – 1945. . Images courtesy of the Federal Reserve Bank of San Francisco Archives Federal Reserve Bank of San Francisco 22 1940s As Los Angeles grew, history was in the making The population in Los Angeles increased to 1,504,277 at the start of the decade. 1940 1941 February 25, shortly after 2 a.m., air raid sirens sounded, and a citywide blackout was put into effect followed by anti-aircraft guns sweeping the skies only to be a false alarm. 1942 Shipbuilding becomes the primary business of the Port of Los Angeles, employing 90,000 workers. The Cleveland Rams relocate to Los Angeles in 1946. 1943 The Zoot Suit Riots take the streets of Los Angeles by storm in early June. Images Retrieved from https://waterandpower.org/museum/museum.html. Peak of ridership of the Pacific Electric Railway (red car) streetcars, with 109 million riders on more than 1,150 miles of track in four counties. 1946 1948 1949 The first In-N-Out Burger opens in Baldwin park in 1948. Federal Reserve Bank of San Francisco 24 1950s New technology, expansion and much, much more! Did someone say expansion? 1950s Rapid expansion of the Southern California and Arizona areas served by the Los Angeles office pushed the limit of the building, requiring an addition. The new construction provided an additional 100,000 square feet which included a new vault on two subterranean levels. Images courtesy of the Federal Reserve Bank of San Francisco Archives Federal Reserve Bank of San Francisco 27 New technology 1950s New auto-coin sorting/wrapping machines were installed and 50 IBM proof machines were installed to handle postal money orders as well as regular proof-machine work. Images courtesy of the Federal Reserve Bank of San Francisco Archives Federal Reserve Bank of San Francisco 28 …Los Angeles just kept humming along The population in Los Angeles is 1,970,358 at the start of the decade. 1950 1951 The first four-level interchange connecting the Hollywood (101), Pasadena (110 N), Harbor (110 S) and Santa Ana (5 S) Freeways is completed. 1953 The Los Angeles Rams win their first NFL championship. 1954 The Dodgers defeat the Chicago White Sox to win their first World Series. The Capitol Records building in Hollywood is completed. The building is designed to resemble a stack of 45-rpm disks. 1956 Los Angeles experiences the worst smog attack, impacting air traffic at LAX and preventing ships from entering the harbor. Images Retrieved from https://waterandpower.org/museum/museum.html. 1950s 1958 1959 KTLA 5 is the first news station to use a news helicopter. Federal Reserve Bank of San Francisco 30 1960s th 30 Anniversary 1960s Sending a Message? Technology and Checks Bank Examiners in LA 38 employees who were known as pages, were a vital component in aiding with the efficient management of the bank. They would move vital memos and messages throughout the bank (like modern day email). The Burroughs B 270 Automatic Transit Systems for the Check Processing Department was acquired and required a 10-day training course to learn basic system operations and programing. A division of Bank Examination was established in the LA Branch, consisting of 8 employees who were responsible for statechartered banks located from Bakersfield to San Diego and east to Las Vegas. Images courtesy of the Federal Reserve Bank of San Francisco Archives New Wheels! The LA Branch updated their transportation arm with a brand-new armored truck. The new truck included many new modern features, such as air-conditioning, twoway comms system and was fully automatic. Federal Reserve Bank of San Francisco 34 1960s Motion picture shown at Los Angeles “Money on the Move” a film produced by the Federal Reserve System was showcased in the assembly room of the branch. The new film was in color and depicted the various operations of the System. Federal Reserve Bank of San Francisco 35 1960s The City of Angeles continued to grow and expand Dodger Stadium opens in 1962 and go on to sweep the New York Yankees during the world series in 1963. The population in Los Angeles is 2,479,015 at the start of the decade. 1960 1961 1962 The space-age Theme Building opens as the centerpiece of Los Angeles International Airport. Images Retrieved from https://waterandpower.org/museum/museum.html. 1965 The Los Angeles Zoo opens in Griffith Park replacing the original zoo that was in operation from 1912 to 1695. 1966 An incident at a traffic stop involving an LAPD officer and an African American man ignites into a riot in the community of Watts that lasts for six days. 1967 Super Bowl I takes place at Los Angeles Memorial Coliseum. Federal Reserve Bank of San Francisco 36 1970s More technology and firsts! 1970s Regional Check-Processing Center With check volumes rising 7 percent annually, the total increase in volume was projected to rise by 50 billion within a decade systemwide. To address these concerns, in 1973, the Los Angeles Branch opened its first regional check-processing center (RCPC). These highly computerized operations were able to achieve overnight processing and settlement for checks. Images courtesy of the Federal Reserve Bank of San Francisco Archives Federal Reserve Bank of San Francisco 39 1970s Diversifying the Board of Directors Women Making History Food Technology? Ruth Handler, one of the founders of Mattel toy company, was the first woman on the Board of Directors of the LA Branch. She served in this role from 1971 to 1974. Mary Lou Houske and Patsy Haynes were the first women to handle the vault opening each morning during operations. A new sandwich vending machine was installed for employees who worked on Saturdays. Each Friday afternoon the cafeteria staff made a variety of sandwiches for folks to enjoy Cafeteriastyle sandwiches. Images courtesy of the Federal Reserve Bank of San Francisco Archives Nice view A new patio was built to provide nice views and enjoyment for LA Branch employees. It was said that “on clear days, you can enjoy luncheon on the patio and a beautiful view of the San Gabriel Mountains.” Federal Reserve Bank of San Francisco 40 1970s New High-Speed Machines The Los Angeles Branch acquired it’s first Currency Verification, Counting and Sorting System (CVCS). The CVCS system was developed to provide an automated, costeffective currency processing system. The system consisted of three units: the transport unit, a teletypewriter and CRT terminal. Designed to increase the processing of currency, the maximum operational speed was clocked at 72,000 notes per hour. Images courtesy of the Federal Reserve Bank of San Francisco Archives Federal Reserve Bank of San Francisco 41 1970s What else was happening in Los Angeles? The population in Los Angeles is 2,816,061 at the start of the decade. 1970 1971 Tom Bradley becomes mayor of Los Angeles and serve in this capacity for the next two decades. 1973 The Los Angeles Convention Center opened and was originally built as a rectangular building located between Pico Boulevard and 11th Street. 1975 The 35-story Westin Bonaventure Hotel opens in Downtown LA. The building is featured in many major motion pictures over the years. 1977 The George C. Page Museum of La Brea Discoveries opens to the public. Images Retrieved from https://waterandpower.org/museum/museum.html. 1978 The Laugh Factory opens on the Sunset strip. Over the years it would host every major North American comedian. 1979 The Agoura-Malibu firestorm burns 25,000 acres over a span of four days. Federal Reserve Bank of San Francisco 42 1980s A new home for a growing Branch 1980s The Original was great, but it was time to move on As the Los Angeles Branch outgrew its existing footprint it was only fitting to start thinking of where a new place to call home would be. Lucky for us, there was space available right next door. Work began in 1984 for the new branch and it was completed in the spring of 1987. Images courtesy of the Federal Reserve Bank of San Francisco Archives Federal Reserve Bank of San Francisco 45 1980s Dedication of a new building Although the building wouldn’t officially open until 1987, back in October of 1986, the Checks department were the first tenants on the 2nd floor. Shortly after, each floor began opening, starting with the 3rd, the basement, the 1st and finally the 5th. It was said that in the early days some floors were designated hard hat floors. Once the cafeteria opened it finally felt like home. Images courtesy of the Federal Reserve Bank of San Francisco Archives Federal Reserve Bank of San Francisco 46 1980s New Tool for the Medical Dept. New Equipment for Checks A spirometer was purchased to help monitor and analyze the pulmonary function. On an appointment basis, the medical staff administered the test and explained the results. After 35 years of service, the IBM 803s were being phased out and replaced with the new Unisys S4000s. The new machines were implemented in Phases and required extensive training. Images courtesy of the Federal Reserve Bank of San Francisco Archives Olympic Fever! On the last day of the Olympics in Los Angeles, a few employees in CVCS (Currency Verification) came dressed in Olympic garb to commemorate the event. The Mighty Purchasing Dept. This amazing group of employees were located outside of the Los Angeles office at 424 W. 11th Street. Their remote location housed 850 different inventory items. From furniture to forms and any other equipment needed for day-to-day operations. Federal Reserve Bank of San Francisco 47 1980s More people, special guests and memorable sporting events. The population in Los Angeles is 2,966,850 at the start of the decade. 1980 1982 The XXIII Olympiad summer games are held in Los Angeles. 1984 The Oakland Raiders move to Los Angeles. 1986 Pope John Paul II visits Los Angeles. Nearly 6,000 officers provided security during the pontiffs visit. 1987 The first City of Los Angeles Marathon takes place. It is the largest first-time marathon, at nearly 11,000 people. Images Retrieved from https://waterandpower.org/museum/museum.html. 1988 The 73-story First Interstate Tower is completed in downtown Los Angeles, becoming the tallest building west of the Mississippi River. 1989 Dodgers' outfielder Kirk Gibson hits his legendary World Series home run, widely considered the greatest sports moment in L.A. history. Federal Reserve Bank of San Francisco 48 1990s Testing Resiliency and Adopting Cutting Edge Technology 1990s Baby Born in Lobby Supporting the community is always at the forefront but in this case, support came by way of delivering a baby in the branch lobby. Guards Evelyn Johnson and John Murphy along with Corporal Clyde Pooser helped in the delivery prior to paramedics arriving. LA Check Sorter Operators Best in the System Checks day and night sorter operators were some of the best in the system when it came to quick stop rates. A quick stop is the number of times the operator must shut down an IBM 3890 during a run. The national average in 1992 was 18,000 items. This team raised the bar to 30,000 items. Images courtesy of the Federal Reserve Bank of San Francisco Archives Weathering Civil Unrest and Learning from it In April of 1992, the city erupted into violence and chaos due to civil unrest, but the LA Branch covered their responsibilities with ensuring checks, cash and ACH remained uninterrupted. Federal Reserve Bank of San Francisco 52 1990s Automating Cash with CAS Cash Automation System (CAS) was considered a big step into the future of automation and was a solution for eliminating paperwork while at the same time providing an automated planning and control system with better statistical reporting. Northridge Earthquake and Support The 6.7 quake did a lot of damage all throughout LA County, but the building remained intact with the greatest damage to the cafeteria where dishes and ceiling tiles had fallen. It was noted that 34 employees lost property as a result of the earthquake. Many employees volunteered to aid those who were affected. Images courtesy of the Federal Reserve Bank of San Francisco Archives New Tech for Check Processing The LA Branch received the Unisys NDP 1825 in addition to the six IBM 3890. The NDP 1825 was an image enabled high-speed sorter and could provide additional sorting capacity, capture the MICR line, and transfer data to the host for processing. Federal Reserve Bank of San Francisco 53 1990s As Los Angeles grew, the city experienced many life changing events. The population in Los Angeles is 3,485,398 at the start of the decade. 1990 1992 The Los Angeles Rams football team leaves Anaheim for St. Louis. The Raiders also leave Los Angeles to return to Oakland. Universal City opens City Walk. 1993 Los Angeles erupts with five days of civil unrest (4/29 – 5/5), a result of the acquittals of the LAPD officers involved in the Rodney King incident. 1994 1995 Los Angeles experiences the 6.7 Richter Scale Northridge Earthquake at 4:31 a.m. (Jan 17), resulting in 61 deaths and damage estimates of up to $20 billion. Images Retrieved from https://waterandpower.org/museum/museum.html. 1997 STAPLES Center opens, the new home for pro basketball and hockey teams and the beginning of a renaissance in Downtown Los Angeles. 1999 El Nino storms hit Southern California from January 1997 to March 1998. The seasonal rain fall during this time period was reported at 31 inches of rain, 210% above normal. Federal Reserve Bank of San Francisco 54 2000s The New Millennium Expanding on Cash Vault Automation 2000s Prompted by seismic safety concerns stemming from the Northridge Earthquake in 1994, it was an opportunity to enhance and build upon the automation capabilities of the LA Cash Vault. The efforts resulted in allowing for 1412 spaces for container storage. From planning to implementation, It took approximately four years to bring the system to fully operational and remains in place today. Images courtesy of the Federal Reserve Bank of San Francisco Archives Federal Reserve Bank of San Francisco 57 2000s Phoenix Processing Center becomes a reality The formal groundbreaking took place in May 2004 and it was noted that this facility was the first of its kind in the System, since it was constructed specifically for cash processing. Standard Cash Automation (SCA) Looking to leverage newer technology the LA Branch adopted the new Standard Cash Automation system to provide more automation from the previous 1990s version. SCA was in place until 2017 when it was replaced by FedCash Central. Images courtesy of the Federal Reserve Bank of San Francisco Archives The Cash Product Office (CPO) in LA In 2001, the LA Branch houses the national Cash Product Office with a team of 12. This team was stood up to work closely with the Treasury, Secret Service, the Board of Governors, and the Current Technology Office (CTO). The CPO has evolved to becoming a part of the Federal Reserve Financial Services enterprise. Federal Reserve Bank of San Francisco 58 2000s FedLine for Windows New Security Measures Spearhead Change Protection Department Becomes Police Services The 12th District was among the first in the system to introduce the new software, which was a part of providing effective access to Fed financial services. The new software replaced a nearly 20year-old DOSS-based system. As DTLA evolved to enhance security, the LA Branch saw that as an opportunity as well. District Facilities Management embarked on a project to redo the lobby and construct “permanent, aesthetically-pleasing barriers” in front of the Grand Ave entrance and would eventually expand to the Olive side of the building. The legislative response to 9/11 and the passing of the USA Patriot Act of 2001, resulted in transitioning the Protection Department into a Federal Law Enforcement Agency. A total of 19 officers were formally sworn in December 2002 and were the first Federal Reserve Police officers to serve in Los Angeles. Images courtesy of the Federal Reserve Bank of San Francisco Archives Federal Reserve Bank of San Francisco 59 2000s Into the New Millennium and much, much more! The population in Los Angeles is 3,694,820 at the start of the decade. 2000 2001 The 11-story Cathedral of Our Lady of the Angels opens in the heart of Downtown, replacing St. Vibiana's as the main center of worship for the archdiocese. 2002 Kodak Theater and Hollywood & Highland outdoor mall opens. 2003 Antonio Villaraigosa becomes mayor of Los Angeles, the city’s first mayor of Hispanic descent since 1872. 2005 Walt Disney Concert Hall opens and is the home of the LA Philharmonic. 2008 LA Live opens in Downtown LA. Federal Reserve Bank of San Francisco 60 2010s The present and future 2010s Final Check November 5th, 2010, marked an end of an era where checks dominated the branch with many employees running check sorters, handling settlements and so many more tasks that were crucial to the operation. Federal Reserve Bank of San Francisco 63 2010s More people, special guests and memorable sporting events. The population in Los Angeles is 3,792,261 at the start of the decade. 2010 2012 Eric Garcetti becomes L.A.'s first elected Jewish mayor and its youngest in more than a century. 2013 The Space Shuttle Endeavour goes on public display at the California Science Center. Images Retrieved from https://waterandpower.org/museum/museum.html. 2016 The Los Angeles City Council unanimously approves the motion to rename 3.5 miles of Rodeo Road as Obama Boulevard. 2017 The Rams return to Los Angeles after a 22-year hiatus and go on to win the super bowl at home 6 years later. 2018 Banc of California Stadium, home of the Los Angeles Football Club, opens at Exposition Park. Federal Reserve Bank of San Francisco 64 2010s The Impacts of COVID-19 in Los Angeles March 2020 - Current 3.42M 33,217 Cases Deaths Source: The New York Times Federal Reserve Bank of San Francisco 65 2010s Honoring First Responders and all Essential Staff The Branch lit up blue at night in honor of our brave first responders on the frontlines of the pandemic. Images courtesy of the Federal Reserve Bank of San Francisco Archives Vivian, Ruben, and Phuong organized Easter basket treats for all of our onsite colleagues, including Sodexo and Metro. Federal Reserve Bank of San Francisco 66