Thuringian State Bank
The Thüringische Staatsbank was a public bank based in Weimar from 1922 to 1945 .
The Thuringian State Bank in Weimar was founded by the State Bank Act of December 20, 1922. On September 1, 1923, it took over the Landesbank in Rudolstadt, the Landeskreditanstalt Meiningen and the Landessparkassen in the former Gera-Greiz area. It had the task of utilizing the state's available funds and regulating the state's financial transactions. It also worked as a universal bank. Her tasks also included the banking business of the Thuringian self-governing bodies, commercial and economic cooperatives, trade and industry, agriculture and small businesses.
The state bank was administered by a state bank directorate, which was composed of the president and one or more members. The members of the Board of Directors were appointed by the State Ministry. The directorate itself was directly subordinate to the finance minister. The Thuringian State Bank had several branches and branches, which were subordinate to the directorate.
Order No. 1 of the Commander-in-Chief of the Soviet Armed Forces ordered the closure of all existing German banks. The Thuringian State Bank had to cease operations with balance sheets on May 8, 1945. On the basis of the order no. 1 of the SMAD for the reorganization of the finance and banking system in the Soviet-occupied zone of July 23, 1945, state and provincial banks were established in the countries and provinces of the Soviet Zone. In the state of Thuringia, this was done with the Landesbank Act of June 26, 1946.
State Bank President
- Walter Loeb , until 1924
- Hugo Jost, from 1924 to 1933
- Otto Demme , from 1933 to 1945
