Federal Reserve Bank of New York Building
(33 Liberty Street) |
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(2015)
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Location | 33 Liberty Street Manhattan, New York City |
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Coordinates | 40°42′32″N 74°00′32″W / 40.708767°N 74.008756°WCoordinates: 40°42′32″N 74°00′32″W / 40.708767°N 74.008756°W |
Built | 1919-24, 1935 (eastern extension) |
Architect | York and Sawyer |
Architectural style | Florentine Renaissance |
NRHP reference # | 80002688 |
Significant dates | |
Added to NRHP | May 6, 1980 |
Designated NYCL | December 21, 1965 |
The Federal Reserve Bank of New York Building at 33 Liberty Street, which occupies the full block between Liberty, William and Nassau Streets and Maiden Lane in the Financial District of Manhattan, New York City, is the headquarters of the Federal Reserve Bank of New York. It is where the monetary policy of the United States is executed by trading dollars and United States Treasury securities.
The building also hosts a vault containing the world's largest depository of gold, stored on behalf of numerous government institutions from around the world. Total holdings in 2015 amounted to approximately 6,350 tons of gold. Relatively little of this gold belongs to the United States Government; as of August 2016, the building's vault holds 13,400,000 troy ounces (460 short tons) of gold bullion and $3 million (book value) in gold coins for the United States, a little more than 5% of the United States' total gold reserve.
The building was designated a landmark by the New York City Landmarks Preservation Commission in 1965, and was added to the National Register of Historic Places in 1980.
The visual impact of the neo-Renaissance structure derives from its monumental size, fortress-like appearance, fine proportions and the overall quality of construction. It set the precedent for many later banks which were greatly influenced by its design.
Built from 1919 through 1924, with an extension to the east built in 1935, all designed by York and Sawyer with decorative ironwork by Samuel Yellin of Philadelphia, this massive building occupies an entire city block, reaching fourteen stories tall with five additional floors underground. The building tapers to become very narrow at its east end, following the footprint of the block it stands on.