State Central Bank

The nine state central banks from 1992 to 2002

The state central banks (LZB) were the main administrations of the Deutsche Bundesbank until 2002 . The majority of the state central banks were founded in 1948. They functioned as legally independent central banks on their sovereign territory and, together with the Bank of German Lands, formed a federal two-tier central bank system that was modeled on the US Federal Reserve . When the Deutsche Bundesbank was founded in 1957, the LZBen were merged with the Bank deutscher Länder and became the main administrations of the Deutsche Bundesbank. Until 2002 they operated under the name "Landeszentralbank in [...] - headquarters of the Deutsche Bundesbank", but no longer had their own legal capacity.

Originally there was a state central bank for each country. In the course of the creation of the monetary, economic and social union (introduction of the D-Mark), a provisional administrative office of the Bundesbank was set up for the territory of the German Democratic Republic , which still existed after reunification . On November 1, 1992, the administrative area of ​​the individual state central banks was reorganized. So there were only nine state central banks for 16 countries:

• Rhineland-Palatinate and Saarland (formed by merger)
• Bremen with Lower Saxony and Saxony-Anhalt (formed by the merger of the LZB Bremen and Lower Saxony)
• Hamburg with Schleswig-Holstein and Mecklenburg-Western Pomerania (formed by the merger of LZB Hamburg and Schleswig-Holstein)
• Berlin with Brandenburg (formed from the LZB Berlin)
• Saxony and Thuringia (formed from the provisional administrative office of the Bundesbank in Berlin)
• Bavaria
• North Rhine-Westphalia
• Hesse
• Baden-Württemberg

Due to the structural reform of the Bundesbank on May 1, 2002, the name Landeszentralbank was dropped - the main administrations are now dependent administrative subdivisions of the Deutsche Bundesbank.

See also

• Bank places of the Deutsche Bundesbank

literature

• The Bundesbank's monetary policy. Frankfurt am Main 1995, ISBN 3-927951-77-3 .
• Deutsche Bundesbank: The Deutsche Bundesbank. Fields of activity, legal framework, history. Frankfurt am Main 2006, ISBN 3-86558-151-X .

Individual evidence

1. ^ Annual report of the Deutsche Bundesbank for the year 1957, p. 4.

Web links

• www.bundesbank.de