Nassau Landesbank
The Nassauische Landesbank is a former credit institute in the Duchy of Nassau , based in Wiesbaden . It existed from 1840 to 1953.
history
On January 23, 1840, the Landeskreditanstalt Nassau was founded in Wiesbaden as a state bank. She offered mortgage , municipal, and commercial loans . Savings deposits and deposits from the state treasury were used for refinancing . The bank also issued banknote-like state credit notes and thus had the character of a central bank . A state guarantee existed for the deposits.
In 1848 the institute was renamed Nassauische Landesbank. From 1863 it was granted the right to issue Pfandbriefe .
With the annexation of Nassau by the Kingdom of Prussia in 1866 there were fundamental changes for the Nassauische Landesbank. In 1869 the bank was split up. The Nassauische Sparkasse (Naspa) was split off as a savings bank , the Nassauische Landesbank itself remained as a pure real estate credit institution . The Nassau Municipal Parliament was responsible for the bank's controllers and the regulations under which they worked .
On June 1, 1953, the Hessische Landesbank Girozentrale was created from the merger of the Hessische Landesbank Darmstadt Girozentrale (founded in 1940), the Nassauische Landesbank Wiesbaden and the Landeskreditkasse zu Kassel (founded 1832).
The Nassauische Landesbank as the central bank
In 1840 (interest-bearing) credit notes for 1 and 5 guilders were issued. Another 25 guilder note followed in 1841. These remained in circulation until 1856. In 1856 banknotes were issued in denominations of 5 and 25 guilders. A 10 guilder note followed in 1859. The last banknote issue took place in 1865 with banknote series of 5 and 50 guilders. The Nassauische Landesbank had a banknote monopoly. It was forbidden by law in Nassau since 1856 to accept foreign banknotes. The only exceptions were banknotes from some large German states such as Prussia, Saxony or Hesse.
In 1866 the Nassau banknotes were withdrawn and replaced by Prussian banknotes.
The Nassauische Landesbank continued to issue emergency money in 1918, 1922 and 1923 .
exhibition
The Hessenpark open-air museum is showing a permanent exhibition on the history of the Nassauische Landesbank in construction group B.
management
- Philipp Bertram , director of the Nassauische Landesbank from 1863
- Hubert Hilf , member of the board of directors of Nassauische Landesbank
- Friedrich Christian Wirth , deputy director from 1870
- August Hergenhahn , director of Nassauische Landesbank from 1863 and from 1866 to 1867
- August Olfenius , acting conductor from 1870, 1872 to 1894, director
- Wilhelm Avieny , November 1933 to February 1939 General Director of Nassauische Landesbank Wiesbaden
- Ludolf von Langen , 1866–1868 board member
literature
- Management of the Nassauische Landesbank (ed.): 110 years Nassauische Landesbank 1840–1950 . Wiesbaden 1950.
- Hans Pohl: Economy, company, credit system, social problems. Selected essays . tape 1 . Steiner, Stuttgart 2005, ISBN 3-515-08583-1 ( books.google.com ).
