Federal Reserve Bank of New York Building

The Federal Reserve Bank of New York Building, also known as 33 Liberty Street, is a building in the Financial District of Lower Manhattan in New York City, which serves as the headquarters of the Federal Reserve Bank of New York. The building occupies the full block between Liberty, William, and Nassau Streets and Maiden Lane; it narrows at its east end, following the footprint of the block.

Federal Reserve Bank of New York
(2015)
Location33 Liberty Street
New York, NY 10045
U.S.
Coordinates40°42′30″N 74°00′31″W
Built1919–1924, 1935 (eastern extension)
ArchitectYork and Sawyer
Architectural styleFlorentine Renaissance
Part ofWall Street Historic District (ID07000063)
NRHP reference No.80002688
NYCL No.0054
Significant dates
Added to NRHPMay 6, 1980[1]
Designated NYCLDecember 21, 1965[2]

The Federal Reserve Building has fourteen above-ground stories and five basement levels, designed by York and Sawyer with decorative ironwork by Samuel Yellin of Philadelphia. Its facade is separated horizontally into three sections: a base, midsection, and top section. The stone exterior is reminiscent of early Italian Renaissance palaces such as Florence's Palazzo Strozzi and Palazzo Vecchio. The horizontal and vertical joints of the facade's stones are deeply rusticated. The Federal Reserve Building's gold vault rests on Manhattan's bedrock, 80 feet (24 m) below street level and 50 feet (15 m) below sea level. The vault contains the largest known monetary-gold reserve in the world, with about 6,190 short tons (5,620 metric tons) in storage as of 2019.

The building was erected from 1919 to 1924, with an eastward extension built in 1935. The Federal Reserve Building's design and scale was largely praised upon its completion. The building was designated a city landmark by the New York City Landmarks Preservation Commission in 1966 and was added to the National Register of Historic Places (NRHP) in 1980. It is a contributing property to the Wall Street Historic District, an NRHP district created in 2007.

Site

The Federal Reserve Bank of New York Building is in the Financial District of Manhattan in New York City. It occupies the entire block bounded by Nassau Street to the west, Liberty Street to the south, William Street to the east, and Maiden Lane to the north.[3][4] The Federal Reserve Building is surrounded by numerous other structures, including the John Street Methodist Church, Home Insurance Plaza, and 63 Nassau Street to the north; 28 Liberty Street to the south; 140 Broadway to the southwest; and the Liberty Tower and the Chamber of Commerce Building to the west.[3]

The building's land lot has a total area of 49,440 square feet (4,593 m2).[5] The site slopes downward from southwest to northeast.[6][7] The Liberty Street facade contains a gradual slope, with the western end being about 17.5 feet (5 m) higher than the eastern end.[7] There is also a steeper slope downward along Nassau Street from Liberty Street northward to Maiden Lane. Much of the Maiden Lane side faces the building's raised basement.[6][8]

The Federal Reserve Building's lot has a frontage of 408.08 feet (124 m) on Liberty Street and extends 164.75 feet (50 m) deep.[5] The building narrows at its east end, following the footprint of the block.[4] As built, the Federal Reserve Building occupied all except the east end of the block, with frontage of 365 feet (111 m) on Liberty Street, 388 feet (118 m) on Maiden Lane, and 152.11 feet (46.36 m) on Nassau Street.[6][7] The annex at the east end of the block has 44 feet (13 m) of frontage on Liberty Street, 79 feet (24 m) of frontage on William Street, and 24 feet (7.3 m) on Maiden Lane.[9][10]

Architecture

The Federal Reserve Building is where the monetary policy of the United States is executed by trading United States dollars and United States Treasury securities.[11] The original 1924 building and its 1935 annex were both designed for the Federal Reserve Bank of New York by York and Sawyer in the neo-Renaissance style.[4][12] Marc Eidlitz & Son was the main contractor for both structures.[13][12] Numerous other engineers and contractors were involved in the building's construction.[12][lower-alpha 1]

The building has fourteen above-ground stories and five basement levels.[4][14][15] Because the design was intended to accommodate up to 4,000 employees, the placement of elevators and entrances was a main consideration.[7] Since Nassau Street was such a busy street, and because the slope was so steep, the architects decided to place the main entrance at Liberty Street instead, with the service entrance along the raised basement at Maiden Lane.[8][16] The facade and interior contain ironwork manufactured by Samuel Yellin of Philadelphia.[14][17][18] The iron decorations, which weigh a collective 200 short tons (180 long tons; 180 t), depict animal heads and unusual motifs such as smileys.[19]

The design is reminiscent of early Italian Renaissance palaces such as Florence's Palazzo Strozzi and Palazzo Vecchio, which was deliberately intended to inspire trust and confidence in the institution within.[4][20] The building's Italian Renaissance-style motifs were also designed to fit the building to its irregular land lot. Further enhancing the building's sense of scale was the fact that, prior to the construction of 28 Liberty Street to the south,[lower-alpha 2] the Federal Reserve Building could only be viewed at an irregular angle due to the presence of other nearby buildings.[14] Upon its completion in 1924, the Federal Reserve Building was one of the largest bank buildings in the world.[22]

Facade
Main entrance arch

The facade is made of limestone and sandstone, which serve as cladding for the steel interior superstructure. It is separated horizontally into three sections: a two-story base, seven-story midsection, and five-story top section.[23][24] The stones of the facade are rusticated, with deep horizontal and vertical grooves separating each block.[4][2] The far eastern end of the building is topped by a round tower.[25]

The lowest two stories of the facade comprise the building's base and are deeply rusticated. The main entrance is through a double-height arch on the Liberty Street elevation, flanked by wrought-iron lanterns.[26] This entrance, about 100 feet (30 m) east of Nassau Street,[6] was intended for bank officers and visitors. A smaller entrance on Maiden Lane provided an entrance for most employees, and a truck driveway on Maiden Lane allowed the delivery of large shipments of money.[7][16] The other windows at the first story contain round arches covered by wrought iron window grilles.[4][14][2] The second story contains rectangular window openings.[14][27]

The third story is surrounded by a balcony with a stone balustrade. At the third through ninth stories, each vertical bay generally contains two windows per story, with round-arched window openings at the third story and rectangular windows on the other stories.[14][27] Near the extreme ends of each side are vertical bays that contain one rectangular window per story.[27]

The tenth story contains smaller arched windows set between the corbels of a cornice that runs atop that story. The upper floors are above the cornice. The eleventh floor contains a single rectangular window corresponding to each of the vertical bays on the lower stories.[27] The twelfth and thirteenth floors are contained within an arched loggia that runs around the exterior.[26][27] These stories are slightly set back behind a 14-foot-wide (4.3 m) balcony running around the building.[6][8] The roof is clad in quarry tile.[14]

Interior

The main entrance arch on Liberty Street leads to a large entrance hall with a vaulted ceiling as well as walls clad with stone.[14] On the west side of the main hall, perpendicular to the entrance hall, is a corridor with doorways to the bank directors' offices and conference rooms.[28][29] These doorways are made of ironwork and are closed to the public.[14] A reception room, measuring 34 feet (10 m) wide by 71 feet (22 m) long, runs west of the entrance hall.[6][8] A tellers' room, with a vaulted ceiling and ornamental tellers' cages,[14] is east of the entrance hall.[6][8][28] The vaulted ceilings were made in Guastavino tile.[30][19] The other portions of the ground floor contained numerous public departments such as the cash and collections department.[23] By the 21st century, the interior contained a security checkpoint,[31] and the ground floor also had an exhibition space that displayed numismatic artifacts.[32][33]

Most of the remaining interior was described as being of "standard office building construction", according to The Wall Street Journal.[23] The structure was designed with just over 462,000 square feet (42,900 m2) of office space.[6][8] Numerous corridors were built on the second floor, connecting to the offices there,[28] and a conference room originally occupied one side of the second floor.[6][8] The third through twelfth floors contained loft working spaces that could accommodate several thousand employees. Each of these stories originally contained 32,000 square feet (3,000 m2).[6][8][29] The tenth floor contained the officers' quarters.[23] Recreational facilities for employees were placed on the top floors. The thirteenth and fourteenth floors contained cafeterias, which were originally separate facilities for women, men, and bank officers. There was also an employee's hospital and a gymnasium.[6][7][8]

In the basement are six vaults that store money and securities. The gold vault and two other vaults are guarded by 230-short-ton (210-long-ton; 210 t) doors and frames, while the remaining vaults are guarded by smaller 185-short-ton (165-long-ton; 168 t) doors and frames.[23][34][35] Also in the basement were the building's mechanical equipment, which included electric generators and ventilation systems.[23] The vaults are also protected by armed security forces, who have their own firing range in the building.[31]

Gold vault
A gold compartment at the Federal Reserve Bank of New York

The Federal Reserve Building's three-story gold vault is toward the western end of the site, adjoining Nassau Street.[23] The vault rests on Manhattan's bedrock, 80 feet (24 m) below street level and 50 feet (15 m) below sea level, and contains the largest known monetary-gold storage reserve in the world.[36] As of 2019, the vault housed approximately 497,000 bars of gold, weighing about 6,190 short tons (5,620 metric tons).[36] The Fed serves as a guardian for the gold and does not own it outright. Nearly 98 percent of the building's gold is owned by the central banks of 36 foreign nations.[37][38] The remaining two percent is owned by the United States and international organizations such as the IMF. As of August 2016, the building's vault holds 13.4 million troy ounces (460 short tons) of gold bullion and $3 million (book value) in gold coins for the United States, just over 5 percent of the United States' total gold reserve.[39][40]

The vault is 30 feet (9.1 m) below and 100 feet (30 m) away from the nearest New York City Subway tunnels.[19] The foundations of the Federal Reserve Building were constructed to withstand the weight of the gold vault and its contents, which would have exceeded the weight limits of almost any other foundation.[19][36] Ninety-nine concrete piers, extending to the underlying bedrock, were poured to support the weight of the building.[23][34] The vault walls consist of steel layers reinforced with concrete.[19][36] The eastern wall of the vault is about 10 feet (3.0 m) thick while the other three walls are about 8 feet (2.4 m) thick.[23] The only entrance is 90-short-ton (80-long-ton; 82 t) circular door inside a 140-short-ton (120-long-ton; 130 t) frame; when closed, the vault door forms a complete hermetic seal.[19][36] The vault is additionally secured by listening devices, motion sensors, and cameras.[36][41] As of 2018, there has never been a successful break-in attempt,[19] though a fictional robbery of the vault was depicted in the 1995 film Die Hard with a Vengeance.[31][42]

Inside the vault are 122 gold compartments, each containing the deposits of one account holder, as well as various shelves for smaller account holders. The account holders are identified by numbers for anonymity.[19][31][36] Gold bars are weighed and tested for purity whenever they are deposited.[36]

The Fed charges $1.75 to move each bar of gold.[31][40] Gold bars are moved between the compartments whenever one account holder pays another. Staff wear steel-toe footwear to protect their feet in case they drop one of the gold bars weighing 28 pounds (13 kg).[31][40] Every time the compartments are opened or gold is moved, three Fed staff members are required to oversee the transaction. Each compartment is further locked behind a padlock, two combination locks, and the seal of the Fed's auditor.[19][40] The Fed does not publicly record whenever gold bars are moved in and out of the vault, and no one except account holders or auditors is allowed to look at the bars. While the Fed does conduct public tours of the vault, visitors are only allowed to see a display sample of gold.[25][40]

History
The top of the building seen from Maiden Lane, with 28 Liberty Street in the background

In 1913 the United States Congress passed the Federal Reserve Act, thereby creating the Federal Reserve System.[43] The act established twelve regional Federal Reserve Banks, including the Federal Reserve Bank of New York, which was originally led by Benjamin Strong Jr.[44][45] Originally, the Federal Reserve Bank of New York was housed at a small office on 62 Cedar Street.[46] By the late 1910s, the Fed's employees were working in several locations, including 50 Wall Street and part of the Equitable Building.[46][47] Much of the space leased by the Fed was poorly lit or ventilated and did not include enough space for employees.[46] Furthermore, the Federal Reserve Board was constructing buildings for the other Federal Reserve banks and branches at the time, and the Fed wanted each bank's design to be architecturally appropriate to each branch's needs.[35][48]

Planning

The New York Fed's directors passed a resolution on October 24, 1917, providing for the construction of a new headquarters building.[23][46] The Fed decided to buy the entire city block bounded by Nassau, Liberty, and William Streets and Maiden Lane.[6] In May 1918, the Fed bought about 33,000 square feet (3,100 m2) on the block. The New York Fed's staff had grown from 175 to 1,200 in the past year, but the bank wished to wait until the end of World War I to build its headquarters.[47][49] By early 1919, the Fed had bought more land on Liberty Street and Maiden Lane, increasing its land holdings to 43,500 square feet (4,040 m2).[50][51] The only structure on the block that the Fed did not acquire was the Montauk Building on William Street, as the Fed and the Montauk Building's owners could not agree on a sale price.[52][53][lower-alpha 3] The site had been fully acquired by June 1919[54] at a total cost of close to $5 million.[23][46][55][lower-alpha 4] Several lots were also acquired on nearby Gold Street for a storage facility.[56]

Six architectural firms were invited to take part in an architectural design competition in August 1919.[57][58] Alexander Trowbridge, the Federal Reserve Board's consulting architect, was the adviser for the design competition.[7][46] York and Sawyer submitted the winning design, which was approved by the Fed's directors in November 1919.[6] The plans for a 14-story structure ran contrary to the expectations of observers who thought the site would be developed with a low-rise building.[59] Marc Eidlitz & Son was hired as the building's general contractor,[60] while Samuel Yellin successfully submitted a bid to install ornamental ironwork.[46]

Former Currency controller John Skelton Williams objected to the building's projected $25 million cost, including land expenses, and claimed the architects and engineers' fees alone were to cost $1.1 million.[61] In response, Federal Reserve chairman William P. G. Harding said that the original estimated cost was only about $18 million, and that the new building's cost was justified by the size of the New York Fed's staff.[62][63] The Fed was able to reduce the construction cost by $5 million by early 1924. This was largely because of reduced construction costs after adjusting for inflation.[64] Ultimately, the building cost $13.865 million excluding land acquisition, or $18.715 million in total.[30]

Construction and early years
Cornerstone

The structures on the building site were torn down starting in May 1921 and the site was cleared by that September.[46] The architects filed construction plans with the Manhattan Bureau of Buildings in July 1921.[65] The foundation was dug to the underlying layer of bedrock, up to 117 feet (36 m) deep. Afterward, the vault's door and frame were lowered into the foundation.[46] According to the Wall Street Journal, it was the largest ever foundation to be built in New York City at the time. About 121,000 cubic yards (93,000 m3) of material was removed.[23] This process was made more difficult due to the presence of numerous buildings nearby, which had to be shored up during the excavation.[23][46] The cornerstone was laid with a brief ceremony on May 31, 1922, after the foundations had been completed.[55][66]

Marc Eidlitz & Son started constructing the Federal Reserve Building's structural system after the excavations had finished. The steel framework was in place by the end of 1922, followed by the facade in mid-1923. Some of the 2,600 employees of the New York Fed started occupying their new offices in June 1924.[46] That September, three billion dollars in cash and securities were moved to the vault. The relocation, requiring one hundred round trips, represented the largest ever such movement of money at any one time.[67] Employees had moved into the new structure by the next month. The new building's vault replaced what was formerly eleven separate vaults in five buildings throughout the Financial District.[23] By 1927, ten percent of the official gold reserves worldwide were stored in the vault.[68][19]

By January 1934, the Fed purchased the Montauk Building for less than $400,000,[9][10] thereby acquiring a land lot of 2,900 square feet (270 m2).[69] This had been the only structure on the city block that the Fed had been unable to acquire when it started assembling land for the Federal Reserve Building fifteen years prior.[9][10] York and Sawyer was hired to design the addition, while Marc Eidlitz & Son was hired as the main construction contractor. The Montauk Building's last tenants vacated the building in June 1934, and demolition of the Montauk Building started.[13][70] By the next month, plans for the annex were filed with the Manhattan Department of Buildings.[71] The executive offices of the annex were formally opened in December 1935, but some of the lower floors were occupied several weeks before that.[69]

Mid- and late 20th century
The eastern section of the building, completed in 1935

The building came to be known as the "Old Lady of Liberty Street".[72] It initially did not contain a name identification sign above its main entrance because the Fed had thought the building to be distinctive enough. A name sign was installed in 1944 after numerous war bondholders complained that they had gotten lost for several hours in the Financial District while looking for the building.[72] By that decade, the New York Fed had outgrown its headquarters and had leased additional space at 51 Pine Street, 70 Pine Street, and 95 Maiden Lane.[73] The New York Fed also acquired some land in 1964 on Maiden Lane between Nassau and John Streets, intending to construct an office tower just north of 33 Liberty Street. The tower was intended to house 1,500 of the New York Fed's 4,500 employees, which worked at four separate structures near the Federal Reserve Building. However, the project was canceled in 1976 due to rising costs.[74]

Much of the building's gold arrived during and after World War II as countries sought to store their gold in a safe location. By the end of World War II, the reserves of gold inside the vault were valued at $4 billion (equivalent to $48 billion in 2021).[25] At its peak in 1973, the vault contained over 12,000 short tons (11,000 metric tons) of gold.[36] The reserves declined in subsequent years because, in 1971, the direct international convertibility of the United States dollar to gold had been canceled in what was called the Nixon shock.[25]

Between December 1973 and May 1974, a replica of the Diana statue by Augustus Saint-Gaudens was exhibited in the building's lobby.[75] Meanwhile, the exterior of the Federal Reserve Building deteriorated over the years. Because the sandstone was more porous compared to the limestone, dirt particles accumulated in the sandstone blocks, giving the facade a checkerboard appearance.[41] The facade was cleaned between 1999 and 2000 under the supervision of Beyer Blinder Belle and Turner Construction, the first major cleaning in the building's history.[76] In addition, by the 1990s, the Federal Reserve Building had outdated mechanical facilities and security infrastructure. Additional space was leased at 3 World Financial Center and 33 Maiden Lane, but the original 33 Liberty Street structure remained the New York Fed's primary building.[46]

21st century

Following the September 11 attacks in 2001, which resulted in the collapse of the World Trade Center nearby, the New York Fed continued to operate. The building was temporarily evacuated after the attacks because of fears the nearby One Liberty Plaza would collapse. For several weeks after the attacks, the Federal Reserve used its building to provide assistance to first responders working at the World Trade Center site.[46] The building was not damaged during the attacks, though dust from the collapse of the World Trade Center settled onto the facade.[46] The Federal Reserve Building was renovated between 2007 and 2008, and the Federal Reserve Bank of New York Buffalo Branch was closed.[46]

An audit of the New York Fed's gold was conducted in 2012 after politicians and investors expressed concern that the New York Fed was not accurately stating how much gold was in the vault.[25] The vast majority of the bars audited were found to be of sufficient purity.[40] Also in 2012, a 21-year-old man was arrested while attempting to detonate a bomb outside the Federal Reserve Building. The device was actually a decoy given by undercover law enforcement, and he was sentenced to 30 years in federal prison.[77]

Impact

Critical reception

The Federal Reserve Building was largely praised upon its completion, especially for its large scale. Margaret Law, writing for Architecture magazine in 1927, stated that the building carried "a quality which, for lack of a better word, I can best describe as epic".[41] The New York City Landmarks Preservation Commission (LPC) stated that the visual impact of the structure derives from its "vast size, fortress-like appearance, fine proportions and in the superb quality of construction".[2] The 1939 WPA Guide to New York City characterized the building's Florentine design and iron grilles as completing "the picture of a building ready for a siege".[15] The Federal Reserve Building was larger than even the buildings in Italy from which its design was inspired. John Brooks wrote of the Federal Reserve Building in The New Yorker, "In fact, it is a bigger Florentine palace than has ever stood in Florence",[78] while the Architectural Record wrote, "There is no building in Italy which remotely resembles this design."[7]

At the time of the Federal Reserve Building's construction, many bank buildings in the United States had been built in the neoclassical style.[29][79] The Architectural Record praised the Federal Reserve Building's design as being distinctive "without resorting to the usual orders of architecture", namely neoclassical designs.[79] The design of the Federal Reserve Building inspired that of other subsequent bank buildings.[4][2][29] Architectural writer Robert A. M. Stern stated that the building's "innovative" Florentine design had inspired other banks to be built in a similar style. Stern wrote that the structure "demonstrate[d] how a bank could achieve strong visual identity even if located within an office building".[29]

Landmark designations

The building was designated a landmark by the LPC on December 21, 1965. It was one of the first landmarks to be designated by the LPC in Manhattan.[2][80][81] The city landmark designation was opposed by the building's owner, the Fed, which wrote that federal property could not be regulated by local governments.[2] The Federal Reserve Building was added to the National Register of Historic Places (NRHP) on May 6, 1980.[1] It is also a contributing property to the Wall Street Historic District,[82] an NRHP district created in 2007.[83]

See also

References

Notes
  1. The contractors included:[12]
    • Emil Angelon, painter and decorator
    • Atlantic Elevator Company, elevators
    • William Bradley & Son, stone
    • R. Guastavino Company, tile arches
    • Indiana Flooring Co., Ten Eyck & Dahlander Flooring Co., and Cement Finish Co., floors
    • Post and McCord, structural steel
    • Thomas W. Williams, Inc., other ironwork
    • York Safe & Lock Co, vault
    The engineers included:[12]
    • Abell, Smalley & Meyers, equipment engineer
    • Frederick S. Holmes, vault engineer
    • Moran, Maurice & Proctor, foundation engineer
    • Meyer, Strong & Jones, Inc., mechanical and electric equipment
  2. 28 Liberty Street, completed in 1961, was originally known as One Chase Manhattan Plaza.[21]
  3. According to The New York Times, the Fed initially offered $400,000 for the Montauk Building, but the owners refused to sell.[52] The Fed's official website states that a real-estate speculator later bought the structure for $425,000 and offered it for $1.25 million.[46] A New York Herald Tribune article from 1934 stated that the dispute was over a smaller amount: the Fed wanted to pay $800,000, but the owners had wanted more than $1 million.[10]
  4. According to a New-York Tribune article in 1920, the site cost $4.74 million.[16] According to The Wall Street Journal in 1924, the site was about $4.798 million.[23]

Citations
  1. "Federal Register: 46 Fed. Reg. 10451 (Feb. 3, 1981)" (PDF). Library of Congress. February 3, 1981. p. 10649 (PDF p. 179). Archived (PDF) from the original on February 1, 2021. Retrieved March 8, 2020.
  2. "Federal Reserve Bank of New York" (PDF). New York City Landmarks Preservation Commission. December 21, 1965. Archived (PDF) from the original on September 21, 2020. Retrieved February 18, 2021.
  3. "NYCityMap". NYC.gov. New York City Department of Information Technology and Telecommunications. Archived from the original on May 24, 2015. Retrieved March 20, 2020.
  4. Diamonstein-Spielvogel, Barbaralee (2011). The Landmarks of New York. Albany, New York: State University of New York Press. p. 548. ISBN 978-1-4384-3769-9.
  5. "19 Liberty Street, 10045". New York City Department of City Planning. Archived from the original on May 1, 2022. Retrieved September 8, 2020.
  6. "Greatest Banking House in the World, Planned for New York Federal Reserve Bank, to Occupy Nearly Whole Block in Financial District". New-York Tribune. November 16, 1919. p. A12. Archived from the original on May 1, 2022. Retrieved February 18, 2021 – via ProQuest.
  7. Architectural Forum 1919, p. 202 (PDF p. 405).
  8. "Largest Bank Building in World for Federal Reserve". The Real Estate Record: Real Estate Record and Builders' Guide. Vol. 104, no. 24. December 13, 1919. pp. 607–608. Archived from the original on May 1, 2022. Retrieved February 18, 2021 – via columbia.edu.
  9. "Montauk Building Sold; Federal Reserve Adds William St. Structure to Its Holdings" (PDF). The New York Times. January 27, 1934. p. 27. ISSN 0362-4331. Archived from the original on May 1, 2022. Retrieved February 17, 2021.
  10. "Real Estate New and Transactions Reported From the City and Suburban Fields: Reserve Bank Waits 15 Years For Blockfront Controversy for William St. Parrel Enrled Yesterday Favoring Federal Body". New York Herald Tribune. January 26, 1934. p. 1. ProQuest 1242842995. Archived from the original on May 1, 2022. Retrieved February 18, 2021 – via ProQuest.
  11. "What We Do". Federal Reserve Bank of New York. January 9, 2003. Archived from the original on December 31, 2014. Retrieved February 15, 2021.
  12. Architecture and Building 1925, p. 58; Wall Street Journal 1924.
  13. "Vacating of Montauk Building Completed by Federal Bank". New York Herald Tribune. June 2, 1934. p. 28. ProQuest 1243454454. Archived from the original on May 1, 2022. Retrieved February 18, 2021 – via ProQuest.
  14. National Park Service 1980, p. 2.
  15. Federal Writers' Project (1939). New York City Guide. New York: Random House. pp. 92–93. ISBN 978-1-60354-055-1. (Reprinted by Scholarly Press, 1976; often referred to as WPA Guide to New York City.)
  16. "Work on Federal Bank's New Home In Nassau St. Begun: Old Buildings on Site on Nassau St. Block Being Taken Down for Large $12,000,000 Structure". New York Tribune. July 17, 1921. p. A10. Archived from the original on May 1, 2022. Retrieved February 18, 2021 – via ProQuest.
  17. White, Norval; Willensky, Elliot; Leadon, Fran (2010). AIA Guide to New York City (5th ed.). New York: Oxford University Press. p. 38. ISBN 978-0-19538-386-7.
  18. New York City Landmarks Preservation Commission; Dolkart, Andrew S.; Postal, Matthew A. (2009). Postal, Matthew A. (ed.). Guide to New York City Landmarks (4th ed.). New York: John Wiley & Sons. pp. 13–14. ISBN 978-0-470-28963-1.
  19. Xu, Susan (February 27, 2018). "The Top 10 Secrets of The Federal Reserve Bank of New York". Untapped New York. Archived from the original on April 13, 2021. Retrieved February 16, 2021.
  20. National Park Service 1980, p. 3.
  21. Grutzner, Charles (May 18, 1961). "Chase Bank Opens 64-story Tower; New Building Downtown Is 6th Tallest in World". The New York Times. ISSN 0362-4331. Archived from the original on October 29, 2021. Retrieved May 6, 2020.
  22. National Park Service 1980, p. 3.; Stern, Gilmartin & Mellins 1987, p. 174
  23. "Federal Reserve Bank Now at Home In Its Own Imposing New Building". Wall Street Journal. October 18, 1924. p. 6. ISSN 0099-9660. ProQuest 130129260. Archived from the original on May 1, 2022. Retrieved February 18, 2021 – via ProQuest.
  24. National Park Service 1980, pp. 2–3.
  25. Tangel, Andrew (August 2, 2012). "What's in your vault? Uncle Sam audits its stash of gold at the New York Fed". Los Angeles Times. Archived from the original on March 22, 2021. Retrieved February 18, 2021.
  26. National Park Service 1980, p. 2.; Stern, Gilmartin & Mellins 1987, p. 174
  27. Architectural Forum 1919, plate 95 (PDF p. 400).
  28. Architectural Forum 1919, plate 96 (PDF p. 402).
  29. Stern, Robert A. M.; Gilmartin, Patrick; Mellins, Thomas (1987). New York 1930: Architecture and Urbanism Between the Two World Wars. New York: Rizzoli. p. 174. ISBN 978-0-8478-3096-1. OCLC 13860977.
  30. Architecture and Building 1925, p. 58.
  31. Mayerowitz, Scott (September 18, 2008). "Welcome to the World's Largest Gold Vault". ABC News. Archived from the original on March 9, 2021. Retrieved February 16, 2021.
  32. Collins, Glenn (January 10, 2005). "On View for Public Coveting". The New York Times. ISSN 0362-4331. Archived from the original on May 4, 2021. Retrieved February 18, 2021.
  33. "Fed banking that money exhibit will hit the jackpot". China Daily. January 21, 2002. p. 12. ProQuest 257809608. Archived from the original on May 1, 2022. Retrieved February 18, 2021 – via ProQuest.
  34. "Vaults in Solid Rock: Federal Reserve Bank, New York, Can Defy Thieves". Los Angeles Times. December 3, 1924. p. 13. ProQuest 161606103. Archived from the original on May 1, 2022. Retrieved February 18, 2021 – via ProQuest.
  35. Architecture and Building 1925, p. 57.
  36. "Gold Vault". Federal Reserve Bank of New York. Archived from the original on March 1, 2021. Retrieved February 15, 2021.
  37. Mightiest Bank. Aired on Monday, November 14, 2011, 7:00pm–8:00pm EST on Planet Green. 51 minutes. (See also Inside the World’s Mightiest Bank: The Federal Reserve. Archived April 6, 2012, at the Wayback Machine Tug Yourgrau and Pip Gilmour. Princeton, NJ: Films for the Humanities & Sciences. 2000. Originally produced for the Discovery Channel by Powderhouse Productions. Retrieved November 14, 2011)
  38. Farchy, Jack (October 3, 2010). "JPMorgan Reopens New York Gold Vault". Financial Times. Archived from the original on November 17, 2020. Retrieved February 18, 2021.
  39. "Status Report of U.S. Government Gold Reserves" Archived October 3, 2015, at the Wayback Machine Bureau of the Fiscal Service, United States Department of the Treasury (September 30, 2015)
  40. Burne, Katy (August 10, 2017). "The Fed Has 6,200 Tons of Gold in a Manhattan Basement—Or Does It?". Wall Street Journal. ISSN 0099-9660. Archived from the original on April 22, 2021. Retrieved February 18, 2021.
  41. Gray, Christopher (November 11, 2001). "Streetscapes/The Federal Reserve Bank of New York; Mix of Limestone and Sandstone, in Florentine Style". The New York Times. ISSN 0362-4331. Archived from the original on July 27, 2020. Retrieved February 17, 2021.
  42. Widdicombe, Lizzie (November 8, 2010). "Them Thar Vaults". The New Yorker. Archived from the original on November 11, 2020. Retrieved February 18, 2021.
  43. Clements, Kendrick A. (1992). The Presidency of Woodrow Wilson. University Press of Kansas. pp. 40–42. ISBN 978-0-7006-0523-1.
  44. "The Founding of the Fed". Federal Reserve Bank of New York. December 26, 1912. Archived from the original on November 18, 2015. Retrieved February 15, 2021.
  45. Patman, Wright (1976). The Federal Reserve System: A Study Prepared for the Use of the Joint Economic Committee, Congress of the United States. U.S. Government Printing Office. p. 32. Archived from the original on May 1, 2022. Retrieved March 20, 2021.
  46. "About the Building". Federal Reserve Bank of New York. November 16, 1914. Archived from the original on February 25, 2021. Retrieved February 15, 2021.
  47. "Federal Bank Buys Nassau St. Block". New York Herald. May 30, 1918. p. 9. Archived from the original on May 1, 2022. Retrieved February 15, 2021 – via newspapers.com open access.
  48. Architectural Forum 1919, p. 201 (PDF p. 404).
  49. "Reserve Bank Buys Site for a Home; New York Institution Purchases a Nassau St. Block Front for Its Permanent Headquarters" (PDF). The New York Times. May 30, 1918. p. 13. ISSN 0362-4331. Archived (PDF) from the original on May 1, 2022. Retrieved February 15, 2021.
  50. "Federal and Private Banks Add to Sites". New-York Tribune. January 11, 1919. p. 14. Archived from the original on May 1, 2022. Retrieved February 18, 2021 – via newspapers.com open access.
  51. "Federal Reserve Adds to Site". The Real Estate Record: Real Estate Record and Builders' Guide. Vol. 103, no. 9. March 1, 1919. p. 271. Archived from the original on March 24, 2022. Retrieved February 18, 2021 – via columbia.edu.
  52. "Federal Reserve Bank Will Not Buy: Negotiations for Purchase of Block Front on William Street Broken Off" (PDF). The New York Times. December 16, 1920. p. 35. ISSN 0362-4331. Archived (PDF) from the original on May 1, 2022. Retrieved February 16, 2021.
  53. "To Build 4 Floors Upon William Street Structure: Montauk Building, Adjoining Federal Reserve Bank, Will Be Increased to 12 Stories". New York Herald Tribune. January 3, 1926. p. 28. ProQuest 1113024262. Archived from the original on May 1, 2022. Retrieved February 18, 2021 – via ProQuest.
  54. "Federal Reserve Bank Increases Building Site". The New York Times. June 29, 1919. p. 122. ISSN 0362-4331. Archived from the original on May 1, 2022. Retrieved February 18, 2021 – via newspapers.com open access.
  55. "Cornerstone Laid for Reserve Bank; Governor Strong, at Brief Ceremony, Thanks the Building Organization" (PDF). The New York Times. June 1, 1922. p. 32. ISSN 0362-4331. Retrieved February 17, 2021.
  56. "Federal Reserve Buys.; Bank Increases Its Building Site on Gold Street" (PDF). The New York Times. July 15, 1920. p. 27. ISSN 0362-4331. Archived (PDF) from the original on May 1, 2022. Retrieved February 17, 2021.
  57. "To Push Work on Federal Reserve Bank Building". New-York Tribune. August 3, 1919. p. A10. ProQuest 576083065. Archived from the original on May 1, 2022. Retrieved February 18, 2021 – via ProQuest.
  58. "To Submit Reserve Bank Bids October 9". Wall Street Journal. August 5, 1919. p. 11. ISSN 0099-9660. ProQuest 129730893. Archived from the original on May 1, 2022. Retrieved February 18, 2021 – via ProQuest.
  59. "Federal Reserve Bank Building Will Be 14 Stories". New-York Tribune. November 7, 1919. p. 23. ProQuest 576163561. Archived from the original on May 1, 2022. Retrieved February 18, 2021 – via ProQuest.
  60. "Marc Eidlitz Will Build $10,000,000 Federal Bank". New-York Tribune. May 19, 1920. p. 19. ProQuest 576222576. Retrieved February 18, 2021 – via ProQuest.
  61. "Makes New Attack on Reserve Bank; Building Here, to Cost $25,000,000, a Waste of Public Funds, Says J.S. Williams" (PDF). The New York Times. December 17, 1921. p. 25. ISSN 0362-4331. Archived (PDF) from the original on May 9, 2021. Retrieved February 15, 2021.
  62. "Governor Harding Defends N.Y. Fed. Reserve Bank: Shows Criticism of New Building Has Been Misleading and Uncalled for, While Salaries and Relative Number of Officers Are Lowg". Wall Street Journal. January 11, 1922. p. 5. ISSN 0099-9660. ProQuest 130066447. Retrieved February 18, 2021 – via ProQuest.
  63. "Says Reserve Bank Needs Big Building; Governor Harding Answers Critics and Defends Salaries Paid by Country's Largest Bank" (PDF). The New York Times. January 11, 1922. p. 23. ISSN 0362-4331. Retrieved February 17, 2021.
  64. "To Save $5,000,000 on Bank Building; New Federal Reserve Structure Here to Cost Only $14,000,000, Official Says" (PDF). The New York Times. February 15, 1924. p. 22. ISSN 0362-4331. Retrieved February 17, 2021.
  65. "Federal Reserve Bank's New Home To Cost $12,000,000: Architects File Plans for 14-Story Building Which Will Occupy Almost Entire Block on Nassau St". New-York Tribune. July 8, 1921. p. 17. Retrieved February 18, 2021 – via newspapers.com open access.
  66. "Lay Cornerstone For New Home of N. Y. Reserve Bank: Ceremonies Simple; Governor Strong Dedicates New Building to Service of People of Our Country". New-York Tribune. June 1, 1922. p. 17. ProQuest 576615818. Retrieved February 18, 2021 – via ProQuest.
  67. "Gum Guard $3,000,000,000 As Federal Reserve Bank Moves: Sharpshooters, Machine Rifles and Police Cordon Escort Treasure Through Barred Zone in Down Town Streets". The New York Herald, New York Tribune. September 22, 1924. p. 1. ProQuest 1113211475. Retrieved February 18, 2021 – via ProQuest.
  68. "The Founding of the Fed". Federal Reserve Bank of New York. December 26, 1912. Archived from the original on February 12, 2021. Retrieved February 15, 2021.
  69. "Executives in New Wing In Federal Reserve Bank" (PDF). The New York Times. December 3, 1935. p. 37. ISSN 0362-4331. Retrieved February 17, 2021.
  70. "Razing Obstruction to Reserve Bank; William St. Building That Shuts Off Reserve Centre Being Demolished" (PDF). The New York Times. June 19, 1934. p. 21. ISSN 0362-4331. Retrieved February 18, 2021.
  71. "Federal Reserve Addition Cost Placed at $800,000: Thirteen-Story Structure Will Replace Montauk Building". New York Herald Tribune. July 17, 1934. p. 30. ProQuest 1242850792. Retrieved February 18, 2021 – via ProQuest.
  72. "Bank Breaks Tradition By Hanging Up Name" (PDF). The New York Times. April 7, 1944. p. 11. ISSN 0362-4331. Retrieved February 18, 2021.
  73. "Federal Reserve Bank Takes Added Space in Pine Street". Wall Street Journal. September 21, 1942. p. 7. ISSN 0099-9660. ProQuest 131395964. Retrieved February 18, 2021 – via ProQuest.
  74. Tomasson, Robert E. (November 13, 1976). "Reserve Bank Abandons Plan To Build Tower". The New York Times. ISSN 0362-4331. Retrieved February 18, 2021.
  75. "Augustus Saint-Gaudens in The Metropolitan Museum of Art". Metropolitan Museum of Art. May 2009. p. 59. Archived from the original on January 13, 2015. Retrieved February 15, 2021.
  76. "Postings: Federal Reserve Bank of New York Gets a Cleaning; Under the Soot, a Colorful Quilt". The New York Times. September 3, 2000. ISSN 0362-4331. Archived from the original on May 27, 2015. Retrieved February 17, 2021.
  77. Secret, Mosi (August 9, 2013). "30-Year Prison Sentence in Plot to Bomb U.S. Bank". The New York Times. ISSN 0362-4331. Archived from the original on November 13, 2020. Retrieved February 17, 2021.
  78. Brooks, John (1969). Business Adventures: Twelve Classic Tales from the World of Wall Street (2014 ed.). New York: Open Road Integrated Media. p. 358. ISBN 9781497644892. Retrieved February 13, 2021.
  79. Architectural Forum 1919, pp. 201–202 (PDF pp. 404–405).
  80. "Seven More Landmarks Chosen in Manhattan" (PDF). The New York Times. January 29, 1966. p. 29. ISSN 0362-4331. Retrieved February 9, 2021.
  81. "Pick 7 More Landmarks". New York Daily News. December 28, 1965. p. 299. Archived from the original on February 13, 2021. Retrieved February 6, 2021 – via newspapers.com open access.
  82. "Wall Street Historic District" (PDF). National Register of Historic Places, National Park Service. February 20, 2007. pp. 4–5. Archived (PDF) from the original on February 19, 2021. Retrieved February 9, 2021.
  83. "National Register of Historic Places 2007 Weekly Lists" (PDF). National Park Service. 2007. p. 65. Archived (PDF) from the original on December 28, 2019. Retrieved July 20, 2020.

Sources
Wikimedia Commons has media related to Federal Reserve Bank of New York Building.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.