This building opened in 1963 as Kerr Library, named for OAC president William Jasper Kerr, who served from 1907 to 1932. In 1996, it was expanded and renamed the Valley Library for Wayne and Gladys Valley and their Valley Foundation. The building houses 1.4 million volumes, study rooms, collaborative study spaces, and the Ava Helen and Linus Pauling Papers. The library also offers services including a coffee shop, child care, Student Multimedia Services and OSU Press.

SCARC: The Libraries Moving Images collection includes information about the groundbreaking, construction, and dedication of The Valley Library. In addition, the Oregon State University Memorabilia Collection includes a subject file about the dedication of The Valley Library. The Oregon State University Libraries and Press Oral History Collection include hundreds of interviews with OSU Libraries and Press employees about their experiences working in The Valley Library, and the Oregon State University Sesquicentennial Oral History Collection includes an interview with former president Risser, in which he discusses the expansion and renovation of The Valley Library. Finally, the Library Photograph Collection and the Corvallis, Oregon, Photograph Collection include photos of The Valley Library. 

Oregon Digital: A search for the Valley Library yields thousands of results, many of them photos and mentions in university periodicals.