You may be surprised to learn that the Federal Reserve Board has an art collection. As a matter of fact, all federal agencies can receive gifts of artwork on behalf of the American people.
The Fine Arts Program at the Federal Reserve Board was established in 1975 by former Chairman Arthur F. Burns in response to a White House directive encouraging federal partnership with the arts. Chairman Burns was also mindful of the enriching presence of fine art in the many central banks he visited around the world. By forming the Fine Arts Program, Dr. Burns recognized the opportunity both to enhance the working environment at the Federal Reserve Board and to provide its many visitors with a memorable visual experience.
Today, the Federal Reserve Board holds in public trust over 400 works of art donated by citizens and foundations. Many of these works of art in the permanent collection represent the social and cultural aspects of American society, from 1830 to the present, while other artworks are created by artists of international renown. In addition to the permanent collection , there are additional pieces on long-term loan from museums and private collections. These artworks are on display in public areas and private meeting rooms throughout the Board's three buildings.
Over the years, the Fine Arts Program has organized more than 130 special exhibitions. These exhibitions highlight individual artists, art movements, and thematic trends. Museums, galleries, libraries, artists, private collectors, and central banks from around the world have generously loaned their collections for exhibition at the Board.