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	Reichsbank - Wikipedia, the free encyclopedia
		The Reichsbank was one of the central banks of Germany.
		The Reichsbank was founded by the take over of the central bank of Prussia.
		Furthermore, between May 1945 and March 1947 the Reichsbank was plundered of approximately £2.5 billion through various robberies masterminded by rogue members of the SS.
	en.wikipedia.org /wiki/Reichsbank (392 words)

	Encyclopedia topic: Reichsbank (Site not responding. Last check: 2007-10-22)
		The Reichsbank was founded by the take over of the central bank (A supply or stock held in reserve for future use (especially in emergencies)) of Prussia (A former kingdom in north-central Europe including present-day northern Germany and northern Poland).
		The history of the Reichsbank was volatile (A volatile substance; a substance that changes readily from solid or liquid to a vapor).
		In 1924 the Reichsbank started to issue the Reichsmark (additional info and facts about Reichsmark), which it managed until 1948.
	www.absoluteastronomy.com /encyclopedia/r/re/reichsbank.htm (390 words)

	Report of the Agent General for Reparation Payments, Berlin, June 10, 1927. Section VI.
		Whereas the Reichsbank's stock of gold and devisen, reported and unreported, is about a thousand millions lower than at the end of last December, the volume of domestic credit granted by it is about a thousand millions higher than it was at that time.
		The Reichsbank discount rate did not follow other rates upward., and the general volume of credit was not reduced because the outflow of reserves from the Reichsbank was offset by a corresponding increase in Reichsbank credit.
		The notes of the Reichsbank have necessarily furnished the main fluctuating element in the circulation, both as regards weekly variations in the volume of currency and the year-to-year increase.
	www.lib.byu.edu /~rdh/wwi/1918p/Rep27/repar6.htm (9632 words)

	Hjalmar Schacht - Wikipedia, the free encyclopedia
		He became one of the directors of the Reichsbank in 1916 and in 1923 became currency commissioner for the Reich.
		Schacht instead held the title of Minister Without Portfolio and received the same salary as he did as President of the Reichsbank until he was fully dismissed in January, 1943.
		Schacht was falsely accused of being involved in the 1944 July 20 Plot to assassinate Hitler, and was arrested and sent to Dachau concentration camp as a "special prisoner" until it was liberated in April, 1945.
	en.wikipedia.org /wiki/Schacht (795 words)

	The Avalon Project : Judgment : Schacht
		Schacht served as Commissioner of Currency land President of the Reichsbank from 1923 to 1930; was reappointed President of the bank on 17th March, 1933; Minister of Economics in August, 1934; and Plenipotentiary General for War Economy in May, 1935.
		He was reappointed as President of the Reichsbank for a one-year term on 16th March, 1937, and for a fourth term on 9th March, 1938, but was dismissed on 20th January, 1939.
		The Reichsbank, in its traditional capacity as financial agent for the German Government, floated long-term Government loans, the proceeds of which were fused for rearmament.
	www.yale.edu /lawweb/avalon/imt/proc/judschac.htm (1298 words)

	nine
		The Reichsbank Precious Metals Department records captured at Merkers included receipts for at least some of the SS shipments whose contents had been disposed of or "processed," although the receipts did not include the value of the "non-currency" contents of deliveries that were disposed of through other agencies.
		The Reichsbank, in fact, was the primary repository for the gold systematically acquired by Nazi Germany during World War II from governments, individuals, and public and private enterprises by means of conquest, confiscation, and plunder.
		Although the captured Reichsbank records made it possible to trace specific gold bars in the Reichsbank’s gold reserves at the FED to their original account, it does not appear that an effort was made to identify bars that originated from the Melmer account in which the SS loot was deposited.
	www.ess.uwe.ac.uk /documents/nine.htm (6260 words)

	The Avalon Project : Nuremberg Trial Proceedings Vol. 13
		I was appointed a member of the Board of Directors of the Reichsbank in 1935 and Vice President of the Reichsbank in 1939, and served in these positions continuously until the surrender of Germany.
		The Reichsbank, however-and I keep repeating it-could do nothing with the pearls, jewelry, and similar items which are mentioned here, and therefore turned over these items to the Reich Minister of Finance or they were used for the account of the Reich Minister of Finance.
		The second decree was issued at the same time by the President of the Reichsbank, in which he decreed that the money market had to be cared for by the remaining offices of the Reichsbank in the same way that economy was to be cared for.
	www.yale.edu /lawweb/avalon/imt/proc/05-07-46.htm (19823 words)

	Zeitgeist von Greg Steinmetz
		Today's German government is comfortable with the Reichsbank move because the building is being "democratized," in the sense that some of its fascist aspects will be obscured and some glass will be added.
		As for the interior, on a recent morning a crew of workers plied hammers and buzz saws as part of a redecoration that hopes to soften the building' s oppressive appearance with bright colors and green plants in the courtyard.
		Reichsbank President Hjalmar Schacht, who went on to rid the German banking industry of Jews, made a speech.
	classes.colgate.edu /dhoffmann/germ340/text/wsj.htm (1759 words)

	Schacht, Hjalmar Horace Greeley. The Columbia Encyclopedia, Sixth Edition. 2001-05
		Appointed president of the Reichsbank in Dec., 1923, Schacht resigned in 1930 because of his opposition to continued German reparations payments.
		He was appointed president of the Reichsbank (1933) and minister of economy (1934) and was given wide powers.
		Schacht continued as president of the Reichsbank until 1939, when he was dismissed for opposing the huge armament program, which he felt would cause inflation.
	www.bartleby.com /65/sc/Schacht.html (324 words)

	Economic Quarterly: German monetary history in the first half of th... @ HighBeam Research (Site not responding. Last check: 2007-10-22)
		Reichsbank purchases of government debt made the printing press the ultimate source for funding these deficits.
		Rudolf von Havenstein, the head of the Reichsbank, said, "So long as the reparations burden remains, there is no other means to procure the necessary means for the Reich than the discounting of Reich Treasury notes at the Reichsbank" (Feldman 1997, 445).
		The Reichsbank wanted a loan from the Bank of England and the New York Fed. (45) On 23 June Norman informed Harrison that "the situation was so critical and dangerous" that the Bank of England and the New York Fed should lend the Reichsbank $100 million.
	www.highbeam.com /library/doc0.asp?DOCID=1G1:85368687&refid=holomed_1 (12090 words)

	Shofar FTP Archives: imt/tgmwc/tgmwc-13/tgmwc-13-119.02
		That law abolished the independence of the Reichsbank, and the president of the Reichsbank became a mere bank teller for the credit demands of the Reich or, that is to say, of Hitler.
		Therefore on the 2oth of January, the Reichsbank president, the vice-president, and the chief financial expert, Reichsbank Director Huelse were dismissed; three other members of the directorate of the Reichsbank, Geheimrat Vocke, Director Erhardt, and Director Blessing pressed insistently for their resignation from the Reichsbank until it was also granted.
		Since I was in addition President of the Reichsbank I continuously received my income from the Reichsbank, at first my salary and later my pension; therefore as a Minister I drew no salary whatever.
	www.vex.net /~nizkor/ftp.cgi/imt/ftp.py?imt/tgmwc/tgmwc-13/tgmwc-13-119.02 (2424 words)

	International Military Tribunal "Blue Series," Vol. 2, p. 240 (Site not responding. Last check: 2007-10-22)
		Reichsbank therefore assumed to a very great extent the responsibility to finance the rearmament in spite of the inherent dangers to the currency.
		The Reichsbank directors, as experts on money, believed that a point had been reached where greater production of armaments was no longer possible.
		Even though dismissed from the presidency of the Reichsbank, Schacht was retained as a Minister without portfolio and special confidential adviser to Hitler.
	www.holocaust-history.org /works/imt/02/htm/t240.htm?size=1 (452 words)

	Vol. 16: Goldtransaktionen (summary)
		Gold deliveries of the Reichsbank to the SNB amounted to a total of 1.6 to 1.7 billion francs, depending on the calculation applied.
		With respect to Swiss gold acquisitions from the Reichsbank, a pattern of action can be traced which to a large extent corresponds to the evolution of the war (chapter 3.3).
		The agreement provided that these payments be made by resorting to the assets in francs which the Reichsbank had on deposit at the SNB in Bern, although these funds had originally been earmarked for the compensation of humanitarian and diplomatic outlays.
	www.uek.ch /en/schlussbericht/Publikationen/zusammenfassungen/16goldtransaktionen.htm (2307 words)

	Axis History Forum :: View topic - IMT Judgment Against Walther Funk
		In 1942 Funk entered into an agreement with Himmler under which the Reichsbank was to receive certain gold and jewels and currency from the SS and instructed his subordinates, who were to work out the details, not to ask too many questions.
		As Minister of Economics and President of the Reichsbank, Funk participated in the economic exploitation of occupied territories.
		Under his direction the Reichsbank set up a revolving fund of 12,000,000 Reichsmarks to the credit of the SS for the construction of factories to use concentration camp laborers.
	forum.axishistory.com /viewtopic.php?t=45087 (1165 words)

	Shofar FTP Archives: imt/nca/nca-06/nca-06-3726-ps
		A quick reading of the statute would indicate that the statute was drawn in such a way as to give you, as head of the Reichsbank, very complete, almost dictatorial powers in the situation.
		In connection with the creation of the Devisenstellen, a high official of the Reichsbank has testified that by creating the Devisenstellen a development was started which became "more and more an instrument of economic policy and became later on a means of controlling the whole economic life and activity of Germany".
		It has been testified that even as late as the period during which you were in custody of the Reich you requested economic information from the Reichsbank or its directors, and that an effort was made to send you such information.
	www.vex.net /~nizkor/ftp.cgi/imt/ftp.py?imt/nca/nca-06/nca-06-3726-ps (3877 words)

	International Military Tribunal "Blue Series," Vol. 1, p. 307 (Site not responding. Last check: 2007-10-22)
		Schacht served as Commissioner of Currency and President of the Reichsbank from 1923 to 1930, was reappointed President of the Bank on 17 March 1933, Minister of Economics in August 1934, and Plenipotentiary General for War Economy in May 1935.
		He was reappointed as President of the Reichsbank for a 1-year term on 16 March 1937, and for a 4-year term on 9 March 1938, but was dismissed on 20 January 1939.
		The Reichsbank, in its traditional capacity as financial agent for the German Government, floated long-term Government loans, the proceeds of which were used for rearmament.
	www.holocaust-history.org /works/imt/01/htm/t307.htm?size=1 (440 words)

	Channel 4 - History - World War II: A chronology
		Following the raid, Walter Funk, president of the Reichsbank, decided to send most of the gold reserves, worth some $238 million, and a large quantity of the monetary reserves to Wintershal AG's Kaiseroda potassium mine at the village of Merkers, about 200 miles south-west of Berlin, for safekeeping.
		At the mine were Werner Veick, the head cashier of the Reichsbank's foreign notes department, and Dr Paul Ortwin Rave, curator of the German State Museum and assistant director of the National Galleries in Berlin.
		Deep in the vaults of the Reichsbank, Nazi officials came to a desperate decision: all the remaining contents of the Reichsbank was to be transported to the Oberbayern in southern Bavaria.
	www.channel4.com /history/microsites/H/history/i-m/lastdays3.html (1830 words)

	Geldmuseum.de - Historic collections of money
		During and immediately after the First World War, the Reichsbank's branches and central cash office in Berlin amassed large holdings of gold and silver coin, partly through purchases and partly through deliveries of gold by the general public.
		An independent division was established within the Reichsbank’s central cash office; in 1935, this division was referred to for the first time as the Reichsbankmuseum.
		These remnants of the former Reichsbank collection were sold to the Bank deutscher Länder in 1954.
	www.geldmuseum.de /sammlung/sammlung_geschichte.en.php (326 words)

	The clauses of the Civil Code on clearing do not apply (Site not responding. Last check: 2007-10-22)
		The Reichsbank will have to discount, again, in exact accordance with the provisions of the Bank Act, those bills of exchange which arise in the private economy and have to assure their punctual repayment on the due dates.
		Finally, to the degree that the Reichsbank becomes completely freed from the burden of public finance, the situation of the private economy will be eased and at least this cause of the shrinkage of the economy will be abolished.
		The Reichsbank is to be freed of the burden of public finance and to be restored to its proper task, that of financing the private economy.
	www.reinventingmoney.com /fourLaws.php (18625 words)

	The Economic Aspects of the Nazi Conspiracy
		Luther Schacht’s predecessor as President of the Reichsbank, was in charge when the bank’s cover disintegrated in the crisis in 1931 when the cover for the issue of notes had to be “cut down”.
		The Reichsbank refused and told the Minister that the best thing that could happen would be that bankruptcy should become manifest in order to show how impossible it was to continue this system and this policy.
		The Vice-President of the Reichsbank, Dr. Puhl, confirmed that Schacht’s resignation from the Reichsbank could be explained by “his desire to extricate himself from a dangerous situation” which developed, as the result of Schacht’s “own crooked financial operations”.
	www.gmhistorian.btinternet.co.uk /US-Germaneconomicpolicies.htm (11805 words)

	Walther Funk (Site not responding. Last check: 2007-10-22)
		However, it was established that as President of the Reichsbank, Funk had come to a secret agreement with Himmler that gold, jewels and other valuables taken for Jews were to be deposited in the so called "Max Heiliger" account of his bank and credited to the SS.
		On 30th January, 1933, Funk was made Press Chief in the Reich Government, and on 11th March, 1933, became Under Secretary in the Ministry of Propaganda and shortly thereafter a leading figure in the various Nazi organisations which were used to control the press, films, music, and publishing houses.
		Under his direction the Reichsbank set up a revolving fund of RM12 million to the credit of the SS for the construction of factories to use concentration camp laborers.
	www.adolfhitler.ws /lib/nsdap/Funk.html (1517 words)

	Hyperinflation in Germany during the Early 1920
		However, by suspending the redeemability of its notes, the Reichsbank was no longer restricted in the amount of money it could print.
		As the Reichsbank printed more money, the value of money already in circulation decreased, and people lost purchasing power as they indirectly financed their government’s debt.
		Since the German Government controlled the Reichsbank during this period, the German Government ALONE holds responsibility for starting the inflation.
	econc10.bu.edu /Ec341_money/Papers/Hubbard_paper.htm (1482 words)

	fink (Site not responding. Last check: 2007-10-22)
		The profits of the Reichsbank were distributed to owners as ordinary dividends of 3.5% (James 18).
		Because it institutionally opposed gold movements, the Reichsbank used discount policy and bill portfolio as instruments with which to achieve a target level of gold holdings.
		In addition to serving as the central bank, the Reichsbank was also prepared to act as a lender of last resort to the German banking system.
	facweb.furman.edu /~dstanford/41papers/fink.htm (2593 words)

	CENTRAL BANKING - Nazi Gold: The Role of the Central Banks
		It is calculated that Germany began the war with reserves in the Reichsbank of around $208m, of which some $97m represented gold already stolen from Austria, Czechoslovakia and Danzig.
		German archives, including those of the Reichsbank, clearly indicate that the Nazis had consistently re-smelted and exported, with a pre-war date stamp, both former looted gold bars from other central banks and the gold channelled to it from the extermination camps.
		Triangular deals between the Reichsbank, the Bank of Switzerland and the Bank of Portugal, for example, were regularly monitored by the Allies during the war.
	www.bigeye.com /nazigold.htm (2082 words)

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