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R
3 years ago

Scam and rude! I asked how many times to take my n...

Scam and rude! I asked how many times to take my number off thir list and mostly they hang up, and today one person just flat out said NO to me, and then hanged up. I will report your number to the do not call list and to the BBB. Your callers are disrespectful, and that just shows that your company has no credibility, and dignity!

T
3 years ago

A little-known but fascinating attraction lies in ...

A little-known but fascinating attraction lies in the Financial District s Federal Bank of New York: more than 6,500 tons of gold. The building dates back to the 1920s and much of the gold arrived after WWII. Anyone can sign up for a free tour of the gold vault on weekday afternoons.

P
3 years ago

great

D
3 years ago

Wow

W
3 years ago

Summer of 1960 I worked as a 'runner" [ie; messeng...

Summer of 1960 I worked as a 'runner" [ie; messenger] for a Wall Street firm that specialized in trading US Treasury Bills, Notes and Bonds. Every Monday the Fed held an auction of said securities, mostly 90 day "T" Bills. A small number of Primary Dealers (about 12) were allowed to submit bids. These dealers would talk to each other via telephone to get a sense of "the Market" The bids, on hand written cards, had to be in at a special Tellers Window on the first floor by 1:30 pm at which time the window was physically closed. The traders were I worked waited until the last minute to complete their bids and then handed them to me. An elevator was waiting to take me to the ground floor. I had to hit the street (Broad Street) running, from Exchange Place, past Wall, Pine, and Cedar Streets to Liberty Street were the Fed Building sits. I was almost hit by a taxi more than a few times on the way. A number of we runner would flop to the floor after delivering our bids {no benches} until the guards kicked us out, Great memories.

As an aside, someone commented that the Fed is on 3rd Street. There is no 3rd Street in the Wall Street area.

s
3 years ago

nice

J
3 years ago

The Federal Reserve Bank of New York is an interes...

The Federal Reserve Bank of New York is an interesting place to visit, and the guided tour is very informative about a variety of topics. The tour guide was very friendly to the entire class, and was able to answer any questions we had. The tour was interactive enough, and I was able to gain a better understanding of the Federal Reserve's job and impact on the economy of the country. I was not aware before that the Federal Reserve was in charge of the seperation and destruction of old and unusable bills. The vault, however, was very underwelming, at least when compared to the rest of the tour. Though it was an interesting experience to be in the same room with and see so much real gold, there was so little time spent talking about the why and how of the gold that I left feeling a little dissapointed.
To summarize, the Federal Reserve is a great trip for schools and for anyone interested in the economy, but i would have liked to know more about the gold itself. The tour guide didn't spend any time explaining why we use gold to store wealth instead of some other form of currency, or how the bars are made. It would have been interesting to learn more about that instead of simply spending a few minutes explaining how heavy gold is and how they weigh it. It also would have been nice if the tour guide had spent a little more time talking about the gothic architecture. She did explain that some of the archways were meant to symbolize strength, but I feel there could have been more time spent on the designs and why they were important.
TL;DR
The Federal Reserve is a very informative trip that teaches about the history of our economy, and could be a great trip for anyone interested in economics.

M
3 years ago

Well! well! well! ...I received a call today sayin...

Well! well! well! ...I received a call today saying I have been granted to receive $9000. Like, I told the lady who would not want to accept $9000. So, as she talked and I listened of course I made her repeat herself a couple of times, which I already knew it was a scam but I let her think she was talking to a foul. Anyway, she gave me a number to call and of course no one answered until later this woman called me back, which i had her to repeat the same info again. After all of that this is were the money party come in, she then told me I could get the money but had to deposit $149 to get $9149 back. I told her I did not have that kind of money so of course she made it sound legit by saying it will be held at the Federal Reserve Bank then sent me these forms where the money will be held until I make the deposit. Please people this is a total scam please do not fall for this. Thank you for reading.

M
3 years ago

Good

G
3 years ago

Free tour is worth going to if you are in the city...

Free tour is worth going to if you are in the city - you get a small bag of shredded cash at the end too! I think the tour could have been a little more informative though, particularly with juicy stories from the 2008-09 crisis. Which secret entrance did all the bank executives take to avoid the media during the Lehman weekend? How about the story when AIG walked over tens of billions of bonds as collateral to the NY Fed? Details!

G
3 years ago

Dane

M
3 years ago

Good

K
3 years ago

Take a tour to see an underground vault that has 2...

Take a tour to see an underground vault that has 25% of the world's gold. Platinum tickets that are free but difficult to obtain. Get sticky and sticky 3 days before departure.
Assemble to the north side entrance 30 minutes before. Many foreigners check their passports. Through the gates on par with airport security, including staff, the entire former teller floor on the first floor (currently public services were abolished) was used to tour Fed and FRS and other monetary policy public information facilities, and finally to the elevator Ride to the underground safe. Through a door with a wall thickness of 2 m or more, you can see the gold ingots not piled up from floor to ceiling, but a safe (literally a warehouse of gold only) that is piled up like a brick wall. All cameras are prohibited. Discarded dollar bills cut as souvenirs on the way home (this is the same as the BOJ)

O
3 years ago

Both amazing from the outside and the inside. From...

Both amazing from the outside and the inside. From the outside this was built like a medieval fortress, not surprisingly as there is a lot gold inside. So its architecture is striking as it is surrounded by modern buildings. But you can also take a tour to visit the inside. And you can see some of the gold reserves within the vaults, amazing!

Z
3 years ago

This place is a must visit! And best yet it's free...

This place is a must visit! And best yet it's free! But you need to book it in advance!

Tours are available to book exactly 4 weeks in advance, released 9am EST, they sell out quickly, within the hour usually, so plan ahead.

Turn 30-45 min or so before your allotted time so you can go around the museum (although you can do that afterwards), the tour takes an hour, first half around the museum, then down to the vault to see all the gold.

Also the tour guide I had was really great.

D
3 years ago

The building is good but I could not enter. It is ...

The building is good but I could not enter. It is very very difficult to get to make the visits. The area is good, behind there is a JP Morgan building that has a square open to the public and the beautiful days and with games of the US Open pass them on a giant screen.

M
3 years ago

Good

M
3 years ago

Ria

M
3 years ago

I got a call that I thought would help me and my f...

I got a call that I thought would help me and my family that I was going receive $9000 all I had to do was pay $250 but I would get that back ok so I paid the $250 thinking I was going to get $9250, O but wait no when it came to the bank time to transfer the money I had to pay $900 more I told the man I did not have $900 he then told me he would only need $450 and he would send me $5000 o but wait after I sent the $450 keep in mind that is all I had left to my name then they come back to tell me it will not go throw I would have to pay the whole amount but remember I have no more money so I tell them that I pray to God that this never happens to them now I do not have money to pay my rent or buy food for my children. I hope God has pitty on you.

L
3 years ago

Very good tour! A good opportunity to getting to k...

Very good tour! A good opportunity to getting to know some of the inner things and everyday tasks in a reserve bank and the business of money, securities and gold custody. They explain and take you to different places in the circuits of money. However, photos are not allowed here.

Y
3 years ago

Gold vault tour is worth it. Remember Make a reser...

Gold vault tour is worth it. Remember Make a reservation first. It s like an education center. Taught you the history of Federal reserve, how and where the money made. Money distribution system. The most attractive place is not like what you expected. Not that shiny and bling bling like a movie show. It s worth to learn more about it. Free reservation

P
3 years ago

I got scammed for 1,100.00 ,and got left with no r...

I got scammed for 1,100.00 ,and got left with no rent money. Now I'm behind on car payment and I'm going to get kicked out of my house with my child. I was so stupid thinking these 9,000.00 where going to actually come in ,and that I was finally going to be catch up with bills. Don't fall for it you guys!!

About Federal Reserve Bank of New York

The Federal Reserve Bank of New York is a prominent institution that plays a crucial role in the United States' financial system. It is one of the twelve regional banks that make up the Federal Reserve System, which is responsible for regulating monetary policy and supervising financial institutions across the country.

As one of the most influential central banks in the world, The Federal Reserve Bank of New York has a long history dating back to 1914 when it was established. Its primary mission is to promote economic growth and stability by maintaining price stability, full employment, and moderate long-term interest rates.

One of its key functions is to implement monetary policy on behalf of the Federal Open Market Committee (FOMC). This involves setting interest rates and managing money supply to achieve macroeconomic objectives such as low inflation and stable economic growth. The bank also conducts research on various aspects of monetary policy, including inflation expectations, financial market developments, and international economics.

In addition to its role in monetary policy, The Federal Reserve Bank of New York also plays an important role in supervising financial institutions. It oversees some of the largest banks operating within its jurisdiction - which includes New York State as well as parts of Connecticut and New Jersey - ensuring they comply with regulations designed to protect consumers from fraud or other forms of abuse.

Another critical function performed by The Federal Reserve Bank Of New York relates to payments systems. It operates several payment systems that facilitate transactions between banks or other financial institutions. These include Fedwire Funds Service for large-value payments; Fedwire Securities Service for securities transactions; National Settlement Service for automated clearinghouse (ACH) transactions; and CHIPS (Clearing House Interbank Payments System) for cross-border payments.

The bank's leadership team comprises experienced professionals who bring diverse skills from various fields such as finance, economics, law among others. They work together with staff members who are experts in their respective areas such as research analysts or regulatory examiners.

In conclusion, The Federal Reserve Bank Of New York plays an essential role in maintaining economic stability through its leadership position in monetary policy formulation & implementation; supervision & regulation over banking institutions operating within its jurisdiction; management & operation payment systems facilitating interbank transactions domestically & internationally among others. Its commitment towards achieving macroeconomic objectives has made it one among many central banks globally recognized for their contribution towards promoting sustainable economic growth while ensuring price stability over time.

Federal Reserve Bank of New York

Federal Reserve Bank of New York

3.9