Library of the Republic Bank,  opened on February 20, 1958, is named for its sponsor, Luis Angel Arango ,who was General Manager of El banco de la República from 1947 to 1957. It is a cultural center in addition to the bibliographic services it provides, develops activities in music, visual arts and numismatics. It is part of the cultural area of El Banco de la República de Colombia, the country's central bank.