33 Liberty Street, York & Sawyer, Architects, 1919-24
— Exploring Lower Manhattan —Deep inside the Federal Reserve Bank of New York lies more than one quarter of the world's known reserves of gold bullion. These tens of billions of dollars' worth of gold bars, each numbered and weighed, are stored five stories underground in 122 compartments in a vault closed with a steel door weighing 90 tons. Most of the gold at the Federal Reserve belongs to foreign governments and international organizations. They store their gold here for three reasons: first, the Bank's location in the heart of the U.S. financial center; second, its unrivalled security; and third, the ease of trading when many countries keep their gold in the same building. As countries originally made payments to each other, gold bars could simply be wheeled from one country's vault to the next - no need to crate them for long ocean voyages, no fear of disaster at sea.
|Placed By||The Alliance for Downtown New York, Inc|
|Marker Condition||No reports yet|
|Date Added||Monday, September 8th, 2014 at 2:23am PDT -07:00|
|UTM (WGS84 Datum)||18T E 583670 N 4506881|
|Decimal Degrees||40.70860000, -74.00948333|
|Degrees and Decimal Minutes||N 40° 42.516', W 74° 0.569'|
|Degrees, Minutes and Seconds||40° 42' 30.96" N, 74° 0' 34.14" W|
|Driving Directions||Google Maps|
|Area Code(s)||646, 212, 917, 845|
|Closest Postal Address||At or near 27-35 Nassau St, New York NY 10038, US|
|Alternative Maps||Google Maps, MapQuest, Bing Maps, Yahoo Maps, MSR Maps, OpenCycleMap, MyTopo Maps, OpenStreetMap|
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