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Tuesday, April 15, 2014

Gold Vault Learn about the Federal Reserve Bank of New York's gold vault

http://www.newyorkfed.org/aboutthefed/goldvault.html

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 

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