STATE OF THE NETHERLANDS v. FEDERAL RESERVE BANK

No. 8, Docket 22328.

201 F.2d 455 (1953)

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

United States Court of Appeals Second Circuit.

Decided January 21, 1953.


Attorney(s) appearing for the Case

Joseph L. Broderick, New York City (Sullivan & Cromwell, Arthur H. Dean and Karl G. Harr, Jr., New York City, on the brief), for plaintiff-appellant.

Gustave A. Gerber, New York City, for interpleaded defendant-appellee.

Rowland F. Kirks, Asst. Atty. Gen., Director, Office of Alien Property, and James D. Hill, George B. Searls and Irwin A. Seibel, Attys., Department of Justice, Washington, D. C., for the United States as amicus curiae.

Before AUGUSTUS N. HAND, CHASE and CLARK, Circuit Judges.


CLARK, Circuit Judge.

This action for the possession of four bearer bonds of American corporations1 was instituted in the New York Supreme Court by the State of the Netherlands against the Federal Reserve Bank of New York, which now holds the bonds in a blocked account. The defendant removed the action to the federal court below in accordance with the provisions of 12 U.S.C.A. § 632. At the...

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