GIPE-PUNE-OIIOI2 - DSpace@GIPE

7.2 TIlE RE-MAKING OF THE REICHSBANK
Year . Number of days on which prevailed
- 3 p.c. 3i p~c. 4 p·.c. 41 p.c. 5 p.c. 5i p.c..-6.p..c.....6t p.c. 7 p • c. 71 p.c.
1898 51 209 48 10 42
1899 40 126. 90 92 12 ...
1900· 168 166 15 11
1901 95 154 56 55
.1907 186 91 9 21 53
1910 226 19 115
1911 211 12 137
1913 19 45 296
During :t 915-1921 the Reichsbank' s discount r~te
was.~ p.c. for 360 days of the year. In France also from
August 1914 to 1919 the rate was stable at 5 p.c. Since
then the rat~ never went beyond 7~ p.c. in France, as·
for instance, once in July 1926. It was generally
oscillating between 5 and 6.
The German rate of discount, however, has
witnessed ihe following history:
Year
Number of days on which prevailed
9 p.c. 10 p.c; 12 p.c. 18 p.c; 30p.c. 901"':'
. i923 17 95 99 45 106
1924 360 ...
1925 30S 55
Although the Reichsbank is not a state-institution~
it is privileged like the Bank of Engl~nd and the Banque
de France to administer certain "public", i.e., governmental
services. It manages the receipts and
'disb:ursementS as well as debts and other obligations of
the 'German Einpir6 ... All Ute ba~king functions of the
. t.mpire are discharged through this agency. 27 The Act
,'.
27: The post-war developments of the Reichsbank and its relations with
the extraordinary institution;- the Rentenbank, ,re described in Sarkar ....