The bank of German countries (BdL) became at the 1. March 1948 in Frankfurt/Main based and was a of the Federal Bank.

Central task of the bank was the monetary policy in the American and British sector. On 1 November 1948 also the French occupied part of Germany of the central bank followed. Until 1951 were subject it to the instruction powers of the allied ones. Afterwards it was independent and was not subordinate also to the instruction power of the Federal Government at that time.

BdL organs were that board of directors and the central bank council. The nine presidents of the national central banks belonged to the central bank council, which selected a president. This was thereby however not a president of one of the banks. For substantial decisions the central bank council was responsible. This certain again the presidents of the board of directors and its deputy. The board of directors president determined then the further members of the board of directors. The task of the board of directors was the execution of the resolutions of the central bank council.

The capital stock of the BdL from 100.000 DM was in the possession of the central banks. At the beginning of the BdL about 300 coworkers were busy. Seat of the bank of German countries was the former realm bank principal establishment in the rope USA situation of Frankfurt/Main. 1949 was busy here already about 1,450 coworkers.

The national central banks were mechanisms of the countries, while the bank of German countries was a mechanism of the federation. The introduction of the German Marks in June 1948 made a putting above necessary over the national central banks, whereby the bank was created and the rights of the central banks were limited.

To 1 August 1957 the bank of German countries, the central banks and the citizens of Berlin central bank with the law over the German Federal Bank by the German Federal Bank were replaced.

Articles in category "Bank of German countries"

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