Magazine article American Banker

B of A Branch Target of Crank Request for Gold

Magazine article American Banker

B of A Branch Target of Crank Request for Gold

Article excerpt

DALLAS -- What do you do when someone wanders into a branch and demands $23 million in gold that he says is owed him?

If you worked at BankAmerica Corp.'s Houston branch last week, you would have called the home office. At least that's what one branch official did when confronted by a man claiming the bank was part of a secret government deal to return to the gold standard and to distribute the precious metal directly to Americans.

The man said "that today was the day we were switching back to the gold standard and that he was there to pick up his," said Randy Hicks, a spokesman at Bank of America Texas headquarters in suburban Dallas.

The nation's second-largest bank received three inquiries over two days. Mr. Hicks believes they were from one person. He said the man, who was not a BankAmerica customer, claimed to be affiliated with We the People, a populist antigovernment group that claims the Federal Reserve Bank is illegal. …

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