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2. How many feet below street level is the vault for the Federal Reserve of New York?

The Federal Reserve Bank of New York opened for business on Nov. 16, 1914, less than one year after Congress established the Federal Reserve System. But an increase in business, and lack of appropriate space meant that the Bank was spread out in six different locations by 1918. When a new Federal Reserve Bank building was completed in September 1924, the lowest vault level became the deepest basement in Manhattan at 80 feet below sea level. As of 2012, the subterranean vault stored approximately 530,000 gold bars with a combined weight of approximately 6,700 tons.

The Federal Reserve Bank of New York opened for business on Nov. 16, 1914, less than one year after Congress established the Federal Reserve System. But an increase in business, and lack of appropriate space meant that the Bank was spread out in six different locations by 1918. When a new Federal Reserve Bank building was completed in September 1924, the lowest vault level became the deepest basement in Manhattan at 80 feet below sea level. As of 2012, the subterranean vault stored approximately 530,000 gold bars with a combined weight of approximately 6,700 tons.

The Federal Reserve Bank of New York opened for business on Nov. 16, 1914, less than one year after Congress established the Federal Reserve System. But an increase in business, and lack of appropriate space meant that the Bank was spread out in six different locations by 1918. When a new Federal Reserve Bank building was completed in September 1924, the lowest vault level became the deepest basement in Manhattan at 80 feet below sea level. As of 2012, the subterranean vault stored approximately 530,000 gold bars with a combined weight of approximately 6,700 tons.

The Federal Reserve Bank of New York opened for business on Nov. 16, 1914, less than one year after Congress established the Federal Reserve System. But an increase in business, and lack of appropriate space meant that the Bank was spread out in six different locations by 1918. When a new Federal Reserve Bank building was completed in September 1924, the lowest vault level became the deepest basement in Manhattan at 80 feet below sea level. As of 2012, the subterranean vault stored approximately 530,000 gold bars with a combined weight of approximately 6,700 tons.

Mark Lennihan/AP/File
(Read caption)

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80

 

150

 

300

 
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