33 Liberty Street

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33 Liberty Street
U.S. National Register of Historic Places
Location: 33 Liberty Street, Manhattan, New York City, New York
Built/Founded: 1924
Architect: York and Sawyer
Architectural style(s): Neo-Renaissance Florentine
Added to NRHP: May 6, 1980
NRHP Reference#: 80002688

33 Liberty Street is the current home of the Federal Reserve Bank of New York. It is located in downtown Manhattan in New York City, New York State, USA. Built in 1924, it is where the monetary policy of the United States is executed by trading dollars and United States Treasuries.[1] In addition, it reportedly holds 25% of the world's existing gold bullion, making it the largest known treasury in the world.

Contents

[edit] The Building

Built from 1919 through 1924, this massive building was purposely designed to resemble a Florentine palazzo and to inspire trust and confidence.

[edit] The Vault

The vault rests on Manhattan's bedrock, 85 feet below sea level. The weight of the vault and the gold inside would exceed the weight limits of any other foundation.[2] The gold belongs to over 122 countries and is stored for free, but every time a bar is moved, a handling fee is applied. There are elaborate procedures for the handling of the gold, with three different teams monitoring every transaction.

[edit] References

  1. ^ Self Description
  2. ^ Inside the Gold Vault

[edit] External links

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