Business: Moving Day

For some time officials of the Federal Reserve Bank of New York have given serious thought to the problems connected with moving the bank's gigantic assets into their new permanent home. Ever since 1916 the bank's headquarters have been in the Equitable Building. Soon after the War, the construction of an adequate Reserve Bank building began on the block bounded by Maiden Lane, Liberty, Nassau and William Streets. The old and new Reserve Bank headquarters were only five blocks apart; and the task of transferring assets from the one to the other...

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