Hansen was speaking at an event to celebrate the start of SmartMoney Week Detroit, a series of financial seminar and othereducational events the bank helped organize.
The bank system is building a $79.5-million, 220,000-sf facilityon the edge of the city's Eastern Market. The facility is to beopen for business in September 2005, at which time the bank'scurrent home in the city's CBD--used by the Fed since it was builtin 1926--will be put on the market.
Hansen says work is under way on preparing the vault--with36-inch thick steel reinforced concrete walls. Hansen says thefloor of the vault alone will require 110 truckloads of cement.
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