A hidden treasure in the Big Apple

It can be said that Manhattan is a place where absolutely nothing is missing. For this reason, in the financial district, a few steps from Wall Street, is one of the best kept secrets in the financial world: there is the largest reserve of gold in the world. The Federal Reserve Bank of New York, located at 33 Liberty Street, contains in its depths an impressive amount of gold amounting to approximately $250 billion, belonging to central banks, foreign governments and international organizations. This vault, about 25 meters underground, protects more than half a million gold ingots, organized in piles that reach up to three meters high.

 Contrary to popular belief that America’s gold is kept in Fort Knox, the New York Federal Reserve holds about 25% of the world’s reserves of this precious metal. Each ingot, with an average weight of 12 kilos, has a value of about 500 thousand dollars. These reserves do not belong to the Federal Reserve Bank itself, but to foreign entities and international organizations such as the International Monetary Fund (IMF).

The history of this vault dates to the 1920s, when it was designed and built between 1921 and 1924. Since its creation, exceptional security features have been a priority.

 The security of the vault is very important and is inviolable, as its entrance is protected by a 90-ton steel cylinder and a 140-ton steel and concrete frame that form an airtight seal. The robust design includes reinforced concrete walls and a 24-hour monitoring system with cameras and motion sensors. 

To access and move the ingots, the intervention of three security teams is required: one for each lock combination and another that guards the key to a small padlock. Transportation of the gold to the vault is done using an elevator that descends from street level to the basement. Once inside, bullion is meticulously verified and stored in one of 118 numbered compartments, secured with combination locks and audit seals to ensure account confidentiality. Although activity at the vault has decreased over time, it remains the largest known deposit of monetary gold in the world, holding approximately 507,000 bars in 2024. 

Importantly, the Federal Reserve Bank of New York does not allow the storage of gold by private individuals or private sector entities. The gold is in the exclusive custody of governments and international organizations, which reinforces its reputation as a safe and reliable place to safeguard the world’s gold.

History of the Federal Reserve Bank of New York

The Federal Reserve Bank of New York is not only known for its impressive gold vault, but also for its history and architecture. Founded in 1914, the building is a leading example of the Italian Renaissance architectural style, designed by York and Sawyer, an architectural firm with experience in the construction of bank buildings. The building was completed in 1924 and is known for its limestone facade and elegant interior design. 

The interior of the bank is equally impressive, with high ceilings, marble columns and ornate details that reflect the opulence and strength of the financial system of the time. The main operating room, with its vaulted ceiling and large windows, is a space that conveys both security and beauty. Visitors to the bank can take guided tours, although access to the gold vault is restricted for security reasons. 

Recommended places to visit and eat in the area

The Federal Reserve Bank of New York’s location in the heart of Manhattan puts it close to several tourist attractions and dining options. Just steps away is Wall Street, America’s financial center, where visitors can see the iconic Wall Street Bull statue and the New York Stock Exchange building. 

For those interested in history, the 9/11 Museum and Memorial are within walking distance, offering an exciting and moving experience of reflection and remembrance. The One World Observatory, located in the One World Trade Center, offers panoramic views of the city from its observation deck. 

As for dining options, the Wall Street area and the financial district offer a wide variety of restaurants. Delmonico’s, one of the oldest restaurants in the city, is famous for its steaks and elegant atmosphere.

Best time of year to visit this area 

New York is a city that can be visited at any time of the year, but each season offers a unique experience. Spring (April to June) and fall (September to November) are particularly pleasant, with moderate temperatures and cultural events throughout the city. During these seasons, the city’s parks, such as Central Park and Battery Park, are at their best, with flowers in spring and vibrant colors in fall. 

Winter, although cold, has its charm, especially during the Christmas season. The city lights up with festive lights, and ice skating at Rockefeller Center is a popular activity among tourists. Summer, although hot, is ideal for enjoying outdoor events and exploring the city’s many parks and beaches.

We have the unbeatable price of $500 per day for your Billboard:

Option 1: Your 60 second video/photo will be shown, 60 seconds per hour 22 times a day.

Option 2: Your 30 second video/photo will be shown, twice an hour, 44 times a day.

Option 3: Your 15 second video/photo will be shown 4 times per hour 88 times per day.

Please let us know which option you would like to choose. Remember that we have a response time of 72 hours.