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To: DoodleDawg
The Federal Reserve doesn't hold gold for private individuals or private companies.

The State of Texas is neither.

28 posted on 07/15/2015 5:39:12 PM PDT by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spirit.)
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To: Pontiac
The State of Texas is neither.

Texas doesn't own any gold either. It's owned by the University of Texas Investment Management Corporation, a private entity established by the University of Texas to manage and invest the money in its endowment.

Regardless, even if the money was owned by the state of Texas it still wouldn't be at the New York Fed. They only store gold for foreign countries, foreign central banks, and a limited number of international organizations.

30 posted on 07/15/2015 5:43:24 PM PDT by DoodleDawg
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