The Museum of American Finance was founded in 1988 as the
Museum of American Financial History and originally located
in the Standard Oil Building at 26 Broadway. In 2007, the
museum relocated to the main banking floor of the former
headquarters of the Bank of New York, a space that had
been vacant since 1998. The museum is a celebration of
capitalism and an educational institution, housing a vast
collection of artifacts of New York's financial services sector.
The land at 48 Wall Street had originally been purchased by
the Bank of New York in 1796. This neo-Georgian skyscraper,
the third of the bank's buildings on this site, was
designed by Benjamin Wister Morris and constructed between 1927
and 1929. The limestone tower culminates in a Federal-style cupola
and is crowned with an American Eagle. The Bank of New York
merged with Irving Trust in 1988 and left this 48 Wall Street
location in 1998 for the former Irving Trust building
at One Wall Street. The building was estensively
renovated and modernized in 2001.