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AND· THE BANQUE DE FRANCE
6S
Commercial, Reserve arnd State Banking 01 Note-Banks
Like. all other German banks the Reichsbank does
its own commercial business in the usual manner. But
as with the Bank of England, with the Reichsbank also
the ordinary commercial business is relatively small compared
to that of the other big institutions of Germany.
The commercial business· done by the Reichsbank
in 1913 gave the minimum .figure 874 million Marks and
the maximum 1,732 millions. The business of the other
banks, for instance, of the Deutsche Bank, Disconto­
'Cesellschaft, the Dresdner Bank, etc., each with a capital
of 200 millions was more considerable. Thus the
Deutsche Bank's transactions in deposit account alone
amounted to 1580 millions. Deposit banking at the
Dresdner accounted for 958 millions and at the Disconto
for 674 millions.
The discounts and loans of all sorts at the Deutsche
Bank amounted to 1550 millions, at the Dresdner to 94l
millions and at the Disconto to 778 millions. These three
institutions together exhibited in the item of discounts
and loans an aggregate of 3,270 millions. This is almost
the double of the entire commercial banking done by the
Richsbank. And of course there were other banks in
:operation at the same time. IS
The Reichsbank's "active" (assets) commercial business
(discounting of bills and advancing loans against
.securities) is indicated below: 16
1"5 For ordinary commercial ban.Jig in its historical aspect. with special
reference to France and Germany. see the chapter on "Earlier Sta~es
Modern Banking" in Sarkar'. Economic Development, Madras. 1926; Kaufmann
and Sacker: La Banque en France (Paris. ·1914).
16 Die Reichabanlt. Tabellen 31. 40.
in