The Deutsche Bundesbank – is a Federal corporation under the public law, the central bank of the Federal Republic of Germany with office in Frankfurt, Germany.
The Deutsche Bundesbank as the central bank is an integral part of the Federal Republic of Germany of the European System of Central Banks. It acts at the carrying out its duties with the primary objective of maintaining price level stability, manages the foreign reserves of the Federal Republic of Germany, arranges the smooth processing of payments domestically and with foreign countries and contributes to the stability of the the Payment and Settlement systems.
Duties of the Deutsche Bundesbank:
- The Bundesbank is a note-issuing bank
- The Bundesbank is the state’s banker
- The Bundesbank is the manager of currency reserves of the state
- The Bundesbank is the bank of banks (acts as a clearing house and ensures banks supervision)
Currency reserves (2012): €188.6 billion
Profit (2010): €2.206 billion
Net income (2010) €3.570 billion (2010)
Total balance (2010): €671.25 billion
Frankfurt am Main D-60431
Phone: +49 69 9566 3511
Fax: +49 69 9566 4679