[DoodleDawg]

In addition, Texas will repatriate $1 billion worth of bullion from the Federal Reserve in New York to the new facility once completed.

Texas has no gold at the New York Federal Reserve Bank. Any gold they have in New York would be stored at one of the commercial banks.

[deport]

Texas has no gold at the New York Federal Reserve Bank. Any gold they have in
New York would be stored at one of the commercial banks.

*****************

Interesting.

From the following article at the Dallas Morning News....

snip
For example, the University of Texas Investment Management Co. has about $1 billion
in gold stored with the Federal Reserve in New York. That’s about the size of a
work desk, Capriglione said.
end snip

Link:
http://trailblazersblog.dallasnews.com/2015/05/texas-set-to-create-a-gold-depository.html/

[bert]

Isn’t there a tunnel under the street from a commercial bank to the Federal Reserve gold vaults to permit movement of gold from the fed vaults to the bank gold vaults?