Deutsche Bundesbank
Deutsche Bundesbank, Berlin  

Deutsche Bundesbank

Deutsche Bundesbank is the central bank of Germany established in 1957. Since 1999, it has been a part of the European System of Central Banks (ESCB). Due to its strength, the Bank is the most influential member of the ESCB. Both the Deutsche Bundesbank and the European Central Bank are located in Frankfurt am Main. Bundesbank is independent of instructions from the Federal Government. In this respect, its status is comparable to that of the Federal Constitutional Court. With over 9,500 employees, the Bank has nine regional offices located in Berlin, Düsseldorf, Frankfurt am Main, Hamburg, Hanover, Leipzig, Mainz, Munich and Stuttgart. The regional offices in turn have 35 branches. The Bank uses the nationwide network to perform its operations in the areas of refinancing, cash supply, cashless payments and banking supervision. Each regional office is headed by a President, who is answerable to the Bundesbank’s Executive Board. The Executive Board governs and manages the Bundesbank. It comprises six members: the President, the Vice-President and at four other members. The members of the Executive Board are appointed by the President of the Federal Republic of Germany. The President, the Vice-President and one other member are nominated by the Federal Government; the other three members are nominated by the Bundesrat in agreement with the Federal Government.

 Key Statistics (2014):

Profit for the year €2.954 billion
Net interest income €3.141 billion
Balance sheet total €770.842 billion
Foreign reserve assets €158.7 billion
Gold 3,384 t

Headquarters address:
Wilhelm-Epstein-Strasse 14
Frankfurt am Main D-60431
Germany
Phone: +49 69 9566 3511
Fax: +49 69 9566 4679