By September 15, 1931, one week after the last photograph of the Nassau Street frontage was made, several caissons in the outer row have been demolished and the foundation contractor has begun to place formwork. The formwork for the wall on Pine Street has been erected above the basement level of the Hanover National Bank Building. A hopper and chute at the center of the photo have been constructed to allow placement of concrete at the inner foundation wall. The blurred figures of two laborers working on the chute can be seen near the hopper and approximately halfway along the length of the chute. Reinforcing bars are also visible at lower left.