Where New York's Bond Money Went 



The huge safes of the Federal Reserve banks are proving 

 most convenient in con erving all the Liberty Loan funds 



earlier. Hence if the time lock 

 is set for eight o'clock in the 

 morning no one could open the 

 door during the night. The 

 longest time for which the time- 

 locks can be set is seventy-two 

 hours. This allows the door to 

 be locked from Saturday noon, 

 over Sunday and any holiday 

 which might fall on Monday. 

 Each of the bolts set round 



Photos 'Qi B 



It takes both officers and clerks of 

 a Federal Reserve Bank in New 

 York city to get this door open. 

 Each knows part of the combina- 

 tion. The safe also has a time lock 



The fifty-ton weight of the door 

 does not prove difficult to manage 

 — one man can easily swing it 

 open. But when the combination is 

 "off" not even the Kaiser could get in 



THE door in the picture weighs fifty 

 tons. It guards the treasure of a 

 Federal Reserve Bank — this par- 

 ticular one being in New York city. 

 Liberty Bond money accumulates in 

 Federal Reserve banks temporarily. The 

 outer rim of the safe — up to the place 

 where the bolts are placed — is constructed 

 of manganese steel, which is particularly 

 difficult to drill and which will not rust 

 readily. When closed, the door fits so 

 snugly that it is absolutely watertight. 



There are two combinations to the door. 

 One is known by the officers of the bank 

 and the other by the chief clerks. It is 

 impossible to open the vault unless a man 

 from each group is present. Four time 

 locks control the mechanism. Once the 

 time is set at which the door can be 

 opened, it is imp()SHil)le, even for anyone 

 knowing the combination, to open it 



the door weighs ninety-five pounds. They 

 slide into place when the door is shut, 

 securely fastening it at every point. The 

 door is hung on its hinges in such a man- 

 ner that despite its great weight it can 

 be swung open or shut as easily as any 

 ordinary wooden door. It is not only 

 designed to thwart the skill of the experi- 

 enced cracksman but to withstand the 

 terrific heat and blows which accompany 

 fires and earthquakes. After San Fran- 

 cisco lay in ruins, an early investigation 

 of the big safety vaults brought out the re- 

 assuring fact that the contents were safe 

 and intact. 



The Federal Reserve banks have proven 

 an almost indispensable aid to the floating 

 of the liberty Loans. They act as great 

 central "warehouses" for the storage of 

 funds, and also exert a stabilizing effect on 

 banking and financial operations. 



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