Gold custody is one of several financial
services the Federal Reserve Bank of New York provides to central banks,
governments and official international organizations on behalf of the
Federal Reserve System.
The New York Fed’s
gold vault is on the basement floor of its main office building in
Manhattan. Built during the construction of the building in the early
1920s, the vault provides account holders with a secure location to
store their monetary gold reserves.
None of
the gold stored in the vault belongs to the New York Fed or the Federal
Reserve System. The New York Fed acts as the guardian and custodian of
the gold on behalf of account holders, which include the U.S.
government, foreign governments, other central banks, and official
international organizations. No individuals or private sector entities
are permitted to store gold in the vault.
http://www.newyorkfed.org/banking/fed_brochure.pdf
http://www.newyorkfed.org/banking/fed_brochure.pdf
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