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	Bundesbank of Germany
		Although the Bundesbank often appears to be the principal maker of German economic policy, its exact powers are carefully set forth and circumscribed in the 1957 law establishing the bank.
		As of mid-1995, the president of the Bundesbank was Hans Tietmeyer, who made his mark in the economics and finance ministries as a career official and then as a state secretary.
		The Bundesbank's Central Bank Council has seventeen members, with the majority of nine being the presidents of regional or Land central banks.
	www.germanculture.com.ua /library/facts/bl_bundesbank.htm (757 words)

	Deutsche Bundesbank - Wikipedia, the free encyclopedia
		The Deutsche Bundesbank (German Federal Bank) is the central bank of Germany and a part of the European System of Central Banks.
		The Bundesbank in Frankfurt, or "Buba" for short, was one of the most respected of all central banks for its control of inflation through the later half of the 20th century.
		The Bundesbank's success as well as its geographical and political location in Europe led the European Central Bank to be built in its image.
	en.wikipedia.org /wiki/Bundesbank (223 words)

	Working Paper 97-4: Lessons from the Bundesbank on the Occasion of Its 40th (and Second to Last?) Birthday
		It should be made clear, however, that although the Bundesbank chose to base the formulation of its annual monetary targets on the quantity theory, it was never dogmatic in its adherence to the school of thought.
		The Bundesbank therefore continued during the second half of 1990 to calculate monetary aggregates separately for east and west Germany, based on the returns of the banks domiciled in the respective parts.
		The Bundesbank found very shortly after adopting targets that simply announcing the monetary target and interest rate numbers alone was insufficient without a concerted effort to give greater information about the stance of policy based on the inflation goal and the distance to it.
	www.iie.com /publications/wp/1997/97-4.htm (9921 words)

	Bundesbank may raise interest rates to defend Deutschmark (Site not responding. Last check: 2007-11-05)
		Last week the Bundesbank issued an unusual statement that it would pay great attention to the Deutschmark's exchange rate and activity in the financial markets in future interest rate decisions.
		As this covered only half the annual holiday period of the Bundesbank's central council, the move was "an implicit threat" that interest rates could be hoisted if the Deutschmark falls further, according to Salomon Brothers' European analyst Gernot Nerb.
		The Bundesbank's professed concern is that because the bulk of industrial raw material inputs plus fuel and energy are dollar-priced commodities, a weak Deutschmark brings the risk of imported inflation.
	www.btimes.co.za /97/0803/world/world.htm (792 words)

	Deutsche Bundesbank - Homepage
		It is available since the 26 march 2007 in all branches of the Deutsche Bundesbank.
		The Research Centre of the Deutsche Bundesbank, the Halle Institute for Economic Research and the Martin-Luther-University Halle Wittenberg organise a joint Workshop "Monetary and Financial Economics" to be held in Eltville (Germany) on June 21 and 22, 2007.
		The ExtraNet is the Bundesbank’s e-business platform, which, in addition to the “Reporting” section, provides information on the new method of submitting statistical and banking supervisory reports.
	www.bundesbank.de /index.en.php (303 words)

	CNN.com - Bundesbank sees weak growth - Nov. 18, 2002
		Economic growth in Germany stalled in the third quarter as Europe's largest economy struggles to recover from a bout of recession amid a bulging budget deficit and rising unemployment.
		The Bundesbank said on Monday that gross domestic product grew by just 0.25 percent between July and September, compared to 0.3 percent expansion in the previous two quarters.
		The Bundesbank's estimate of GDP expansion is a preview to the government's own growth numbers to be released on Thursday.
	archives.cnn.com /2002/BUSINESS/11/18/german.bundesbank (421 words)

	Germany Names Bundesbank Nominee \| Business \| Deutsche Welle \| 21.04.2004
		He is a member of the Bundesbank research center's advisory board and had been involved significantly in various conferences, the spokesman said, according to Reuters.
		The Bundesbank refused to comment on rumors Wednesday that Jürgen Stark, who is considered close to the opposition Christian Democratic Union party, might resign from his position if he didn't become bank president.
		Amid a legal probe and media hostility, calls are growing louder for Germany's embattled Bundesbank chief Ernst Welteke to resign over his acceptance of a luxury hotel stay paid for by a bank he regulates.
	www.dw-world.de /dw/article/0,,1176044,00.html (659 words)

	TheStreet.com: Sentiment Strengthens for Bundesbank Rate Cut
		The IFO index is thought to be a favorite indicator of the Bundesbank and will no doubt be a major topic of discussion at Thursday's Bundesbank council meeting.
		In what appeared to be a hint to the Bundesbank and the ECB, he described Fed Chairman Alan Greenspan as "courageous" for cutting U.S. rates in an attempt to keep ahead of the economic curve.
		Rieke said, "It would be much easier for the Bundesbank to cut rates in November than for the ECB to cut rates in January.
	www.thestreet.com /pf/int/euro/21411.html (1011 words)

	[No title]
		It is only the Bundesbank system, with its main offices and branch offices, that permits efficient and cost-effective supervision, at the local level, of the over 4,000 credit institutions in the Federal Republic of Germany.
		The degree to which the Bundesbank is entitled to participate is graduated according to the extent to which regulations affect its functions.
		If the Bundesbank collects monthly balance sheet statistics for the purposes of its monetary analysis, these are deemed at the same time to be monthly returns in order to avoid duplication of work for the credit institutions.
	www.law.nyu.edu /centralbankscenter/texts/Deutsch_Bundesbank_Banking_Act.html (15109 words)

	The History of the Bundesbank: Lessons for the European Central Bank
		The contributors provide a number of comparisons between the ECB and the Bundesbank, and examine Bundesbank policy in the recent past with a view to deriving lessons for ECB policy.
		This is a thoroughly worthwhile exercise, and it is a pity that the publisher or the editor has decided to shun truth in advertising by picking such an embarrassingly grandiose title (perhaps to justify the obscenely high price?).
		By this definition, the federal government and the Bundesbank were pursuing contradictory policies about every other year of the post-war period.
	www.eh.net /bookreviews/library/0395.shtml (1466 words)

	Bundesbank - Economics
		As part of its functions relating to monetary and foreign exchange policy, the Deutsche Bundesbank monitors current business developments and analyses a broad spectrum of economic issues.
		Many of the results of these analyses are published - particularly in the Deutsche Bundesbank's regular Monthly Report and in its Annual Report.
		The Discussion Papers contain more academically oriented studies prepared by the Research Centre or presented at conferences and workshops.
	www.bundesbank.de /volkswirtschaft/vo.en.php (156 words)

	RESEARCH SUMMARY
		Although both the Bundesbank and the Swiss National Bank refer to their approaches as "money targeting" rather than inflation targeting, there is a widespread perception that inflation targets are central to German and Swiss monetary policymaking.
		For the case of the Bundesbank, our estimates suggest that the Lombard rate (a rate analogous to the discount rate in the United States) is a marginally better indicator of policy than the call rate, a short-term rate that has been used often as a policy indicator in previous studies.
		In particular, the public's confidence in the Bundesbank's commitment to low inflation has allowed it the flexibility to pursue short-term objectives, such as stabilization of output or the exchange rate, without increasing the inflation expectations of the public.
	www.nber.org /reporter/winter99/bernanke.html (2037 words)

	Forbes.com: Bundesbank board to mull whether to sack Welteke (Site not responding. Last check: 2007-11-05)
		The Bundesbank board meeting will start at 1000 GMT without Welteke being present, but it is not clear whether there will be a decision or a public statement now or in later days, a spokesman said.
		The Bundesbank denied a report in Bild newspaper that an Austrian bank had paid a holiday for Welteke after a visit to a ball in Vienna on invitation of Austria's central bank.
		The Bundesbank said it was not aware of the advice.
	www.forbes.com /markets/newswire/2004/04/07/rtr1325593.html (669 words)

	George Wing
		The presidents of the Land Central Banks are nominated by the Budesrat, the German equivalent of the House, and appointed by the President of the Federal Republic.
		The Bundesbank also has the responsibilities of the Department of the Treasury in that they detect counterfeits and remove damaged bills.
		Unlike the Federal Reserve however, the Bundesbank is responsible for the banking of the country.
	facweb.furman.edu /~dstanford/41papers/wing.html (1151 words)

	Germany - The Bundesbank
		Although the Bundesbank often appears to be the principal maker of German economic policy, its exact powers are carefully set forth and circumscribed in the 1957 law establishing the bank.
		The Bundesbank issues money and makes monetary policy by controlling short-term interest rates such as the discount rate for loans to other banks and the Lombard rate (see Glossary) for short-term funding for business.
		As of mid-1995, the president of the Bundesbank was Hans Tietmeyer, who made his mark in the economics and finance ministries as a career official and then as a state secretary.
	countrystudies.us /germany/146.htm (681 words)

	Boston.com / News / World / Europe / Welteke Takes Leave of Absence-Bundesbank (Site not responding. Last check: 2007-11-05)
		The Bundesbank said on Wednesday its President Ernst Welteke, one of Europe's top central bankers embroiled in an ethics row over a lavish hotel bill, would take a leave of absence.
		Welteke left the Bundesbank building after the statement was released without talking to journalists.
		The Bundesbank also said that under rules for all ECB central bankers, a president of a national central bank can only be expelled when there has been serious misconduct.
	www.boston.com /news/world/europe/articles/2004/04/07/welteke_takes_leave_of_absence_bundesbank (349 words)

	Each to his last, says Bundesbank - EUbusiness (Site not responding. Last check: 2007-11-05)
		The Bundesbank is afraid that if the politicians were to start meddling in order to ensure that the euro did not appreciate too fast, this would spill over into pressure to relax monetary policy, and doubts would arise about the ECB's commitment to price stability.
		The Bundesbank's view is that the appropriate role for the Eurogroup is to support currency market intervention with appropriate economic and financial policy measures, particularly when the euro is weak.
		While the Bundesbank is for a clear division of powers between the Eurogroup and the ECB, it is not opposed to more power for the Eurogroup.
	www.eubusiness.com /Finance/37330 (315 words)

	Bloomberg.com: Top Worldwide
		The Bundesbank is resisting pressure from the government to install Deputy Finance Minister Caio Koch-Weser, 59, as president, a person familiar with the matter said today.
		Welteke, who earns 350,000 euros a year at the Bundesbank, this week repaid Dresdner Bank half of the four-night hotel bill at Berlin's Hotel Adlon that he incurred together with his wife, two sons and a girlfriend of one of the sons at an event celebrating the introduction of euro notes and coins in 2002.
		The Bundesbank today said it has adopted the ECB's code of conduct to make its existing regulations ``more concrete and more transparent.'' The central bank in a faxed statement also said it appointed an adviser on matters of ethics.
	quote.bloomberg.com /apps/news?pid=10000006&sid=acXLlv5WNtUo&refer=home (1005 words)

	Europe under the Bundesbank, by Ignacio Ramonet
		Since 1979 the Bundesbank has applied pressure for the mark, rather than the ecu, to be the de facto pillar of the European monetary system (EMS).
		One might be forgiven for imagining that the recent election results in a number of countries, France and the United Kingdom in particular, combined with the fact that nine of the 15 countries of the European Union are governed by social democrats, should have made it possible to change course at last.
		The statements by France’s new prime minister, Lionel Jospin, both during his electoral campaign and the Franco-German summit in Poitiers on 13 June last, raised a hope among millions of victims of the economic model imposed by the Bundesbank that the moment of change was at hand.
	mondediplo.com /1997/07/ignacio (1064 words)

	Germany, Bundesbank Clash Over Currency Maneuver (Site not responding. Last check: 2007-11-05)
		In a rare public clash between the government and the powerful Bundesbank, the central bank said that it opposed the government's plan to virtually erase the budget deficit this year by revaluing the bank's gold reserves to book a quick profit.
		But the government Wednesday night said in a statement that its accounting adjustment "in no way infringes on the successful stability policy of the Bundesbank, its independence and its sole responsibility for monetary policy." The statement signed by Kohl and Finance Minister Theo Waigel and other government leaders, followed the bank's declaration by minutes.
		Also, just as the Bundesbank was balking, executives at Deutsche Telekom were letting it be known that they, too, were reluctant to support a new issue of shares.
	www.mtholyoke.edu /acad/intrel/gergold.htm (933 words)

	Bundesbank leadership race hots up - Nov. 5, 1998
		LONDON (CNNfn) - The Bundesbank Council meets Thursday to discuss Germany's interest rates, but the debate will apparently include a battle for leadership of the bank as well.
		The Bundesbank says there is a standing invitation for finance ministers to attend its meetings, although they rarely do and cannot vote on interest rate decisions.
		The president of the Bundesbank automatically becomes a member of the ECB's governing elite.
	money.cnn.com /1998/11/05/economy/buba_leader (287 words)

	Bundesbank- Bargeld - Beschädigtes Geld
		Die Bundesbank leistet für beschädigte Euro- und DM-Banknoten Ersatz, wenn entweder mehr als die Hälfte des Geldscheins vorgelegt wird oder nachgewiesen wird, dass die fehlenden Teile von Geldscheinen, von denen die Hälfte oder weniger vorgelegt wird, vernichtet wurden.
		Die Bundesbank leistet für beschädigte Cent- und Euro-Münzen sowie Deutsche Pfennig- und Deutsche Mark-Münzen Ersatz, soweit sie weder verfälscht, durchlöchert noch in anderer Weise als durch den gewöhnlichen Umlauf im Gewicht verringert sind.
		In der Regel dauert es etwa zwei Wochen von der Einreichung des Geldes bei einer Filiale der Bundesbank bis zur Gutschrift des Gegenwertes bzw.
	www.deutsche-bundesbank.de /bargeld/bargeld_beschaedigt.php?print=yes& (284 words)

	Bundesbank Act (Bundesbankgesetz, BBankG)
		It may depart from the provisions of the legislation regulating the status of Federal civil servants with respect to the duration of the preparatraining, the duration of the probationary period and the duration of the period of experience required for promotion in the Upper Intermediate Service and for qualifying for admission to the Higher Service.
		The Deutsche Bundesbank shall publish announcements intended for the general public particularly the calling-in of banknotes, the setting of interest rates, discount rates and minimum reserve ratios, and the ordering of statistics in the Fed eral Gazette.
		In this connection, the pension of a civil servant of the Deutsche Bundesbank who has been temporarily retired may not, for a period of five years, amount to less than fifty per cent of his pensionable salary, calculated on the basis of the final level of his salary grade.
	www.iuscomp.org /gla/statutes/BBankG.htm (5664 words)

	A Concise Encyclopedia of the European Union --B--
		The progressive transfer of powers from national governments to the EU is likely to lead in the long run to demands for a further expansion of the revenue base, with more direct access to national taxpayers.
		Britain and France wanted to reward Bulgaria for its steadfastness during the war, and, although membership remained a distant prospect, the new EU policy was to bolster stability in the region by considering ten Central European countries, including Bulgaria, as bona fide candidates.
		Its former influence, however, is felt in the location of the ECB in Frankfurt and the strict controls on European government debts and deficits contained in the Stability and Growth Pact.
	www.euro-know.org /dictionary/b.html (3876 words)

	THERE MAY BE NO GOLD IN THE BUNDESBANK VAULTS (Site not responding. Last check: 2007-11-05)
		And the informed rumor from totally reliable sources is that the Bundesbank then felt compelled to go beyond earlier more prudent lending, to now provide the Deutsche Bank (and perhaps other banks) with direct and indirect loans to the full amount of its reserves.
		He knew that the Bundesbank was an active lender of gold, but he had a difficult time accepting the possibility that all 3,400 tonnes that it owned had been loaned.
		The Bundesbank has loaned 1,700 tonnes, half its 3,400 tonnes reserve; the other 1,700 tonnes were swapped for gold in the US reserves.
	people.montana.com /~calsch/BundesAg.htm (3334 words)

	FT.com / World / Europe - Bundesbank to cut more jobs, say staff (Site not responding. Last check: 2007-11-05)
		Germany's central bank, the Bundesbank, is planning to cut a further 1,100 jobs on top of the nearly 5,000 losses already announced, according to the bank's works council.
		Karl-Heinz Schmidt, head of the works council, told Welt am Sonntag newspaper that the central bank would have less than 10,000 workers in four to five years, down from 15,800 at the start of 2003.
		The comments follow a tough year when the Bundesbank generated a profit of €676m ($869m, £459m) only by taking the liability of €1.24bn of old D-Mark notes off its books.
	news.ft.com /cms/s/ff237172-afa5-11d9-bb33-00000e2511c8.html (126 words)

	The Banker's Big Pay-off (Site not responding. Last check: 2007-11-05)
		Welteke's duties at the BundesBank was his role as an ECB governor.
		With a major scandal at the BundesBank, that position and that ability may be viewed more skeptically.
		Should the BundesBank board instruct him to submit a resignation letter followed by profuse thanks by the board to Mr.
	www.suite101.com /article.cfm/international_trade_politics/107790 (427 words)

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