The National Capital Planning Commission (NCPC) approved final site and building plans submitted by the Board of Governors of the Federal Reserve System for the renovation and expansion of the Marriner S. Eccles Building, the Board’s headquarters, and an addition to the Federal Reserve Board-East Building. Both buildings are located on Constitution Avenue, NW in Washington, DC. The projects will address needed building system and other upgrades, help reduce leased space, and accommodate future office needs.

The Federal Reserve will consolidate its approximately 3,400 employees into a campus including the Eccles Building (constructed 1935-1937), the Federal Reserve Board-East Building (constructed 1931-1933), and the 1709 New York Avenue and Martin Buildings. Plans call for five-story infill additions on the Eccles Building’s east and west sides that will connect its existing north and south wings. A five-story addition will be added to the Federal Reserve Board-East Building’s north side and new four levels constructed underground. In addition, a new loading dock in the building will serve the campus, and a 318-space parking garage will be built under the building’s south lawn, extending under 20th Street, NW. The exterior of both buildings will be restored, their interiors modernized, and systems upgraded. 20th Street, NW which runs between the buildings will be narrowed from 42’ to 32” 6” to make it more pedestrian friendly. Lighting and perimeter security for the campus will also be updated.