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STATE OF THE NETHERLANDS v. FEDERAL RESERVE BANK

99 F.Supp. 655 (1951)

STATE OF THE NETHERLANDS v. FEDERAL RESERVE BANK OF NEW YORK et al.

United States District Court, S. D. New York.

May 14, 1951.

Attorney(s) appearing for the Case

Sullivan & Cromwell, Allen W. Dulles, Joseph L. Broderick and H. Bartow Farr, Jr., New York City, for plaintiff.

Gustave A. Gerber, New York City, for interpleaded defendant, Verdun Joseph Archimedes.

Irving H. Saypol, U. S. Atty., William Koerner, Asst. U. S. Atty., New York City, for defendant, Federal Reserve Bank of New York.

Charles L. Kent, Irwin A. Seibel, Washington, D. C., amicus curiae for Attorney General and the Dept. of Justice of the United States.

GODDARD, District Judge.

This is a replevin action brought by the State of The Netherlands to recover four bearer bonds issued by United States corporations and now held by the defendant, the Federal Reserve Bank of New York. This action was commenced in the Supreme Court of the State of New York and later removed to this court by the defendant, with the consent of the plaintiff. The defendant, claiming no title to these securities, and merely a stakeholder herein...

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