PLEASE NOTE THE FOLLOWING CAREFULLY: THIS IS A TOUR OF A FEDERAL FACILITY CONTAINING MILLIONS OF DOLLARS. THEY REQUIRE FULL NAMES ONE WEEK IN ADVANCE; NAMES MUST MATCH ID YOU WILL USE WHEN ENTERING. IF YOU RSAVP 'YES'', YOU NEED to BE COMMITTED TO ATTENDING. No cameras and photography will be allowed. I am hosting this event for both Gay Foodies and Pleasure Palate. The tour lasts for about 90 minutes.
A few months ago, fellow AO's Brian and Chrissy hosted an event to the Federal Reserve in Downtown LA. If you weren't able to fit it into your schedule before, then this is your second and perhaps final chance to do so because I don't plan on hosting this tour again.
From Chrissy's prior write-up of the event:
"There are some places few of us have been and other places that are very difficult to get into. The Federal Reserve Bank in Los Angeles is both. These free tours are only provided by reservation, only to groups and only during day time on Mondays to Thursdays.
Reasons to visit:
$29 million is pulled out of circulation and destroyed and replaced everyday. See
- the cash vault - this vault is the 2nd largest repository of cash in the US.
- check processing operations, checks from Fresno to the US border are processed here.
- historical currency collection,
- and the Fed Gallery lobby exhibits.
Public parking (paid) at Olympic and Grand, or a 3 block walk from the 7th street Metro station.
No cameras or camera phones are allowed; photo identification is required. Security checks similar to those at airports. WE WILL NEED TO SUBMIT A LIST WITH FULL NAMES. YOU WILL BE ASKED FOR THIS AFTER RSVPING. They will place any purse, bag, coat and jacket into a locker, so I recommend just leaving them in teh trunk of your car and just bring your photo ID with you into the facility.
Due to heightened security requirements, they may close to the public at any time if the national threat level is elevated.
LA Fed Tour Description:
During the tour, your group will witness our cash operations and see the coin and cash supply for Las Vegas, Southern California, and Arizona. Visitors also get to try their hand at identifying counterfeit bills, see historic banknotes, and watch us shred the nation's unfit currency (up to $29 million per day).
What can people expect to see?
Visitors to the LA Branch will experience the second largest cash vault in the United States. Visitors can usually witness millions in deposits being dropped off by armored couriers on behalf of Southern California and Las Vegas banks and credit unions, counted by our vault workers and processed by high speed machines, shredded by highly sensitive lasers, and stored in our vault. The LA Branch's interactive lobby exhibit, "Fed Gallery: Your Central Bank in Focus" is a permanent installation that uses interactive technology, vivid graphics, and thought-provoking displays to highlight the Fed's role in the United States economy. The Fed's friendly tour leaders can provide tours in seven languages besides English (by prior arrangement only), so feel free to inquire.
What is the most unusual thing people can see on a tour?
Crowd favorites on a tour of the San Francisco Fed's Los Angeles Branch include a Vegas-style money wheel that asks visitors to identify counterfeit currency, a t-shirt dyed with shredded U.S. currency, an uncut sheet of $20 notes, and a map of the Twelfth Federal Reserve District featuring magnified State Quarters. Also very popular is the Branch's historic currency collection featuring notables including an 1899 $5 note featuring Sioux Chief Running Antelope; $500, $1,000, $5,000, and $10,000 notes; and fractional currency (paper coins) used during the Civil War."
The tour ends at about 11:30 AM , and we will have lunch at a local Downtown LA restaurant. This will be posted as a separate event. They do not have a private lot for parking, so you will need to look for another parking lot in the area - they usually cost $5 to $7. I would not recommend street parking unless you feed the meter for a total of 2 hours. Public transportation is encouraged.