BIG BANK MOVE
Vast Sum In Securities
(NZ Press Assn.—Copyright) NEW YORK. May 9 The Chase Manhattan Bank has disclosed that it had secretly moved through the streets of lower Manhattan securities valued at more than the entire gold assets of the United States. From March 9 to April 18. bank officials said, 20,000 million dollars in negotiable bonds were hauled and pushed through the narrow, busy streets. Another 12,000 million dollars is still being moved. Most of the “paper” could be converted into cash, the bank said. The transfer was the largest move of securities in history, the bank said. The most noticeable reaction from hurrying pedestrians appeared to be irritation as they side-stepped the armed plain clothes guards escorting the papers, the Associated Press said. The 16-block transfer, from three older bank vaults to the company’s new headquarters. was carried out with such precision that not one of the millions of pieces of paper was lost, a bank employee said.
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https://paperspast.natlib.govt.nz/newspapers/CHP19610510.2.128
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Press, Volume C, Issue 29509, 10 May 1961, Page 15
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162BIG BANK MOVE Press, Volume C, Issue 29509, 10 May 1961, Page 15
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