State of the Netherlands v. Federal Reserve Bank of New York
Court of Appeals for the Second Circuit
1Opinion of the Court
CLARK, Circuit Judge.
This action for the possession of four bearer bonds of American corporations 1 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 same time it procured an order of interpleader against one Verdun J. Archimedes, who had been required to deposit the bonds with defendant and asserts title to ’ them. And defendant asked to be…
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