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The Reichsbank was established by legislation of the Reichstag of 14 March 1875, and assumed its new role on 1 January 1876 when it succeeded the Bank of Prussia. Meanwhile, between 1873 and 1875 the Bank of Prussia assumed all the assets and liabilities of the Hamburger Bank, which was a major monetary anchor in Northern Germany.
From June 1921, when a single payment of 1 billion gold marks was paid (roughly 1.4% of Germany's nominal 1925 GNP), until the agreement of the Dawes plan in late 1924, only relatively small cash payments were made by Germany, though partial in-kind payments continued. For example, of the 300 million gold marks due under a variable annuity in ...
To mask the acquisition, the Reichsbank understated its official reserves in 1939 by $40m relative to the Bank of England's estimates. [2] During the war, Nazi Germany continued the practice on a much larger scale. Germany expropriated some $550m in gold from foreign governments, including $223m from Belgium and $193m from the Netherlands. [2]
Bank run at the Sparkasse on Mühlendamm, Berlin, 13 July 1931. The European banking crisis of 1931 was a major episode of financial instability that peaked with the collapse of several major banks in Austria and Germany, including Creditanstalt on 11 May 1931, Landesbank der Rheinprovinz on 11 July 1931, and Danat-Bank on 13 July 1931.
Reichsbank: Valuation; Pegged with: United States dollar = 4.2-trillion-ℳ︁ = RM4.20 (1 trillion short scale (US) or 1 billion long scale (UK pre-1974, Germany, much of Europe) = 1,000,000,000,000) This infobox shows the latest status before this currency was rendered obsolete.
Rudolf Brinkmann (28 August 1893 – 1 August 1955 [a]) was a German economist and banker who rose to become a State Secretary in the Reich and Prussian Ministry of Economics and the Vice President of the Reichsbank in Nazi Germany. After only about a year in office, he had a nervous breakdown, was hospitalized for a severe psychiatric ...
At head of title: National Monetary Commission Issued also, 1911, in Publications of National Monetary Commission. Vol. X [no. 1] The German origianl of this work was published in 1900; English translation by F.W.C. Lieder. cf. p. 2
The defeat of Nazi Germany in May 1945 also resulted in the dissolution of the Reichsbank, along with other Reich ministries and institutions. The explanation of the disappearance of the Reichsbank reserves in 1945 was uncovered by Bill Stanley Moss and Andrew Kennedy, in post-war Germany.