The Federal Reserve owns a tennis court!


When we think of the federal Reserve we think of a press conference where the difference between saying”the money” and “the monies” can be the difference between stock going up or down all over the world.  We don’t particular think of the Federal Reserve as a tennis court owner, but yet they actually are the owner of exactly one tennis court.

“Since the mid-1970s the Fed has maintained a public tennis court in a park nestled between its Washington offices and the State Department.”

“Known formally as the Edward J. Kelly Park Tennis Court, the property is owned by the National Park Service, but is managed by the Fed.”

“One recent board member who played on the court is Kevin Warsh  (NOTE: Kevin is a graduate of Shaker High School), who joined the Fed in 2006 and departed in 2011. Mr. Warsh said he and Mr. Greenspan occasionally challenged Timothy Geithner, then president of the Federal Reserve Bank of New York, and former Treasury Secretary John Snow.”

Read More about the court at the Wall Street Journal – HERE

 

 

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