The American Precious Metals Exchange, Inc., has moved its corporate and operational headquarters from Edmond, Okla., to the historic site of the former Federal Reserve Bank of Oklahoma City.
The Reserve, as the building is now known, was originally built in 1922 as the site of the Oklahoma City branch location of the Kansas City Federal Reserve district. The building is a veritable fortress, as it was originally intended to provide a secure location for the Federal Reserve Bank. The building was later expanded in 1964 to accommodate the growth of the Federal Reserve Bank of Oklahoma City within the Federal Reserve Bank system.
After the consolidation of the Federal Reserve Bank’s operations in Oklahoma City, most of the building remained vacant for approximately four years.
In the building are the massive vaults in which the Federal Reserve Bank once stored its currency. Beyond the lobby doors, security is provided by a state-of-the-art security system, a staff of armed police officers, monitored access control, more than 100 closed-circuit cameras, walk-through metal detectors and x-ray machines.
“This building has come full circle,” said Adrian Neal, director of security for APMEX. “What once was built in 1922 to protect large amounts of gold and silver legal tender coins, and later was converted to protecting paper currency, is now once again home to gold and silver precious metal products.”