The Reserve Bank of Australia Building is a heritage-listed bank building at 20-22 London Circuit, City, Canberra, Australian Capital Territory, Australia. It was designed by Howlett and Bailey in 1962 and built from 1963 to 1965 by Civil & Civic. It was added to the Australian Commonwealth Heritage List on 22 June 2004. History On 13 January 1913 the Savings Bank Department of the Commonwealth Bank opened for business in Canberra. A week later the Savings Bank Department and General Banking commenced operations. Both departments occupied a room in the Administrative Offices in Acton. In October 1913, the Commonwealth Bank moved into its own premises, erected by the Department of Home Affairs, in Acton. In June 1925 the Chairman of the Federal Capital Commission raised the question of permanent premises for the Commonwealth Bank in Canberra. The proposal received a positive response from the Commonwealth Bank Board in July 1925 and the Deputy Governor visited Canberra to consider suitable sites. In April 1926, the Commonwealth Bank acquired the lease for the site on the western side of Northbourne Avenue and the corner of City Circuit (now London Circuit) for . Each leaseholder had to erect a building in accordance with the design of the Federal Capital Commission. Tenders for the Commonwealth Bank's new premises closed in November 1926 with Simmie and Co being the successful contractor at . The Commonwealth Bank moved into its new premises (part of the Melbourne Building) in October 1927. When the Reserve Bank of Australia separated from the Commonwealth Bank, it continued to occupy space on the first floor of the Commonwealth Bank premises. The working conditions were very cramped and the Reserve Bank, almost immediately, began negotiations with the National Capital Development Commission (NCDC) to find a suitable site for its own premises. The NCDC at first offered the Reserve Bank a site on the south western side of Northbourne Avenue and London Circuit but later withdrew this offer because of perceived traffic problems. The NCDC then offered the Reserve Bank a site on London Circuit near the intersection with University Avenue. This site was opposite a proposed commercial precinct and was an integral part of a legal precinct. The Reserve Bank agreed to accept the site in May 1961 and applied for a 99 year lease, commencing on 1 May 1962 at a rental of 5% of the unimproved capital value of the