German Federal Bank

In accordance with the Law of Germany on banking activities and other special laws, the Bundesbank is entrusted with the functions of regulating money circulation and credit:

• The establishment of interest and discount rates for their operations.
• Policy development of its operations in the credit and open markets.
• Establishing reserve requirements for credit institutions that are required to keep minimum reserves on giro accounts at a bank in a certain amount determined by the bank.
• Providing services as a financial agent of the federal and land governments. The bank can provide them with preferential cash loans within the limits specified in the law, and these government agencies must keep their liquidity in the Giro account in the Bundesbank.

The German Federal Bank and the Federal Financial Supervision Authority of Germany together are the German financial regulatory authorities.

The headquarters of the Bundesbank is located in Frankfurt am Main .

In December 2016, the Bundesbank announced the acceleration of the procedure for returning German gold from abroad in Frankfurt am Main. ^[1] .

The management of the German Federal Bank ( Vorstand ), consisting of the president ( Präsident ), vice president ( Vizepräsident ) and 4 members of the board ( Mitgliedern des Vorstands ), the president, the vice president and one of the members are appointed by the Federal Government , and three other members - The Federal Council in coordination with the federal government ^[2] . The head (president) of the Bundesbank is currently Jens Weidman.

Main departments and branches of the bank:

• Headquarters in Baden-Württemberg ( Hauptverwaltung in Baden-Württemberg )
  • Freiburg branch ( Filiale Freiburg )
  • Karlsruhe branch ( Filiale Karlsruhe )
  • Branch Office in Reutlingen ( Filiale Reutlingen )
  • Stuttgart Branch ( Filiale Stuttgart )
  • Ulm Branch ( Filiale Ulm )
  • Branch in Villingen-Schwenningen ( Filiale Villingen-Schwenningen )
• General Administration in Bavaria ( Hauptverwaltung in Bayern )
  • Augsburg Branch ( Filiale Augsburg )
  • Munich Branch ( Filiale München )
  • Nuremberg Branch ( Filiale Nürnberg )
  • Regensburg Branch ( Filiale Regensburg )
  • Branch office in Würzburg ( Filiale Würzburg )
• Main Office in Berlin and Brandenburg ( Hauptverwaltung in Berlin und Brandenburg )
  • Berlin branch ( Filiale Berlin )
• Headquarters in Bremen , Lower Saxony and Saxony-Anhalt ( Hauptverwaltung in Bremen, Niedersachsen und Sachsen-Anhalt )
  • Göttingen Branch ( Filiale Göttingen )
  • Branch Office in Hanover ( Filiale Hannover )
  • Branch in Magdeburg ( Filiale Magdeburg )
  • Oldenburg Branch ( Filiale Oldenburg )
  • Osnabrück branch ( Filiale Osnabrück );
• Headquarters in Hamburg , [Mecklenburg-Western Pomerania [| Mecklenburg-Western Pomerania]] and Schleswig-Holstein ( Hauptverwaltung in Hamburg, Mecklenburg-Vorpommern und Schleswig-Holstein )
  • Hamburg Branch ( Filiale Hamburg )
  • Branch office Neubrandenburg ( Filiale Neubrandenburg )
  • Rostock Branch ( Filiale Rostock );
• Headquarters in Hesse ( Hauptverwaltung in Hessen )
  • Frankfurt am Main branch ( Filiale Frankfurt am Main );
• Main Office in North Rhine-Westphalia ( Hauptverwaltung in Nordrhein-Westfalen )
  • Bielefeld Branch ( Filiale Bielefeld )
  • Branch office in Bochum ( Filiale Bochum )
  • Dortmund Branch ( Filiale Dortmund )
  • Düsseldorf branch ( Filiale Düsseldorf )
  • Branch in Essen ( Filiale Essen )
  • Hagen Branch ( Filiale Hagen )
  • Cologne branch ( Filiale Köln );
• Headquarters in Rhineland-Palatinate and Saarland ( Hauptverwaltung in Rheinland-Pfalz und dem Saarland )
  • Koblenz Branch ( Filiale Koblenz )
  • Branch in Ludwigshafen ( Filiale Ludwigshafen )
  • Mainz Branch ( Filiale Mainz )
  • Branch in Saarbrucken ( Filiale Saarbrücken );
• General Administration in Saxony and Thuringia ( Hauptverwaltung in Sachsen und Thüringen )
  • Chemnitz Branch ( Filiale Chemnitz )
  • Branch office in Erfurt ( Filiale Erfurt )
  • Branch office in Leipzig ( Filiale Leipzig ) ^[3] .

• 1875-1945 - Reichsbank was the central issuing bank of Germany.
• 1946-1948 - in West Germany, a central bank was established on the basis of branches of the Reichsbank within each of 11 lands .
• 1948-1957 - the system of issuing banks was headed by the Bank of German Lands , which carried out operations through the central banks of the land.
• 1957–1990 - The German Federal Bank was established through the merger of the Bank of German Lands with the central banks of the land.
• 1990-1993 - after the collapse of the Berlin Wall and the unification of Germany and the GDR, the German mark became the only means of payment for a united Germany.
• 1993-2001 - in accordance with the terms of the Maastricht Treaty , it was decided to introduce the euro as a common European currency and the creation of the European System of Central Banks (ESCB)
• 2001 - to present - the functions on the issue of the euro transferred to the European Central Bank (ECB)

• Commemorative coins of Germany
• German economy
• Euro
• German mark
• Bundesverband Öffentlicher Banken Deutschlands (VÖB)

• The official website of the Bundesbank
• German currency guardian: Bundesbank is 60 years old