New York City Chinatown > Storefronts > Canal Street


Storefronts > Canal Street > 241 Canal St

old bank building
241 Canal St
New York, NY.
13 September 2008
40d_20080913_0167.jpg
© 2008 Robert K. Chin.
High-resolution images may be available, licensing info.
(185 centre) block 208 lot 19
Built in 1983 by Golden Pacific National Bank [taiwanese]. Bank went insolvent 2 years later after the Office of Comptroller of Currency discovered fraudulent activity involving certificates of deposits. Depositors lose $17million. claims of racism were leveled against the FDIC for not extending insurance coverage to certain accounts.
241 Canal St. New York, NY.

references:
· "Golden Pacific Deposit Rule". New York Times. July 12, 1985
http://query.nytimes.com/gst/fullpage.html?res=9807E5DA1738F931A25754C0A963948260
· "Golden Pacific Named in Suit". New York Times. August 14, 1985.
http://query.nytimes.com/gst/fullpage.html?res=9804E6D61E38F937A2575BC0A963948260
· "United States of America, Appellee, v. Kuang Hsung J. Chuang, a/k/a "Joseph Chuang", Appellant". 897 F.2d 646
http://bulk.resource.org/courts.gov/c/F2/897/897.F2d.646.89-1406.89-1309.692.html


old bank building 241 Canal St New York, NY. 13 September 2008 40d_20080913_0167.jpg © 2008 Robert K. Chin. High-resolution images may be available, licensing info. (185 centre) block 208 lot 19 Built in 1983 by Golden Pacific National Bank [taiwanese]. Bank went insolvent 2 years later after the Office of Comptroller of Currency discovered fraudulent activity involving certificates of deposits. Depositors lose $17million. claims of racism were leveled against the FDIC for not extending insurance coverage to certain accounts.

references: · "Golden Pacific Deposit Rule". New York Times. July 12, 1985 http://query.nytimes.com/gst/fullpage.html?res=9807E5DA1738F931A25754C0A963948260 · "Golden Pacific Named in Suit". New York Times. August 14, 1985. http://query.nytimes.com/gst/fullpage.html?res=9804E6D61E38F937A2575BC0A963948260 · "United States of America, Appellee, v. Kuang Hsung J. Chuang, a/k/a "Joseph Chuang", Appellant". 897 F.2d 646 http://bulk.resource.org/courts.gov/c/F2/897/897.F2d.646.89-1406.89-1309.692.html