The gold is stored 80 feet below street level directly on the bedrock of Manhattan. The New York District Bank not only serves as a Federal Reserve Bank, but also as a the largest gold vault in the world. 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. The New York Federal Reserve bank actually stores more gold than Fort Knox. Eighty feet below the streets of lower Manhattan, a Federal Reserve vault protected by armed guards contains about 6,200 tons of gold. Legal Statement. If they were 100 percent pure, the bars would be too malleable to preserve their shape. Giant stacks of gold bars at the Fed (photos) On Road Trip 2010 CNET reporter Daniel Terdiman didn't get into the New York Federal Reserve's gold vault, but he does have pictures to share. Facts About the New York Fed's Gold Vault Gold custody is one of several financial services the Federal Reserve Bank of New York provides to central banks, governments and official international … This tour is designed to educate visitors about the Federal Reserve Bank of New York and Federal Reserve System. Federal Reserve Bank Image: Gold has captivated the human race for most of our recorded history. Surprisingly, gold bars are not 100 percent pure gold. Continuous supervision by the vault control group also ensures that proper security procedures are followed at all times. The remaining 95 percent … The highlight was decending down to the vault, where we could see the Gold bars stored. As part of our core mission, we supervise and regulate financial institutions in the Second District. Learn about the Federal Reserve Bank of New York's gold vault, By continuing to use our site, you agree to our, Agency Commercial Mortgage-Backed Securities, Foreign Reserves Management Counterparties, Central Bank & International Account Services, International Services, Seminars & Training, Freedom of Information Response Regarding Gold Custody. While Knox has a nothing-to-sneeze-at 4,600 tons of gold locked up tight, the vault of the New York Federal Reserve has an astounding 6,700 tons of gold under lock, key, and deep surveillance. What You'll See on the Federal Reserve Bank of New York Tour . Its vault holds roughly $350 billion … Nearly $200 billion worth of gold rests on bedrock five stories underground, 30 feet below the city's subway system, inside the Federal Reserve Bank of New York's vault. The main door for the New York Federal Reserve gold vault. The gold bullion in the Federal Reserve Bank of New York's vault is part of the monetary reserves of some 60 foreign governments, central banks, and official international organizations around the world. Or doesn’t. Our primary objective is to maintain a safe and competitive U.S. and global banking system. That was quite an eye opener. The other significant organization in this regard is the Federal Reserve which serves as the central bank of the United States. Foreign and domestic investors, commercial banks and US government entities all buy US debt, but increasingly, the Federal Reserve is backstopping the market and making this borrowing binge possible. Quotes displayed in real-time or delayed by at least 15 minutes. The New York Federal Reserve Bank actually stores more gold than Fort Knox. 44 Maiden Lane, New York City, NY 10045. Or doesn’t. Gold bars are transported by elevator from street level to the vault’s basement location. 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