Deutsche Bundesbank is the central bank of the Federal Republic of Germany with head office located in Frankfurt.
As the central bank it 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 currency reserves of the Federal Republic of Germany, arranges the smooth processing of payments domestically and with foreign countries contributes to the stability of the the Payment and Settlement systems.
Duties of the Deutsche Bundesbank:
- It is a note-issuing bank
- It is the state’s banker
- It is the manager of currency reserves of the state
- Is is the bank of banks (ensures country’s 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
Head office location address
Frankfurt am Main D-60431,
Phone: +49 69 9566 3511
Fax: +49 69 9566 4679