Y - Historische Gesellschaft der Deutschen Bank e.V.

We should like to submit the following comments on the Balance Sheet and Profit and
Loss Statement:
Balance .Sheet Total
The Balance Sheet Total expanded by DM 744. x tnillion, or 5.3 per cent, to DM 14.8 billion.
Tnrnouer
The continued expansion of business is also reflected in Turnover with our customcrs.
Turnover (excluding transactions with German and foreign credit institutions) rosc by
DM 57.5 billion, or 12.0 per cent, against an increase of 3.5 per cent in the preceding ycar; it
totalled UM 5 3 8.6 billion.
Liqnidit_y
At thc end of 1964 balances with the Deutsche Bundesbank totalled nM 1.2 billion;
including cash on hand and balances on Postal Cheque Accounts this cash rescrve covered
10.5 per Cent cif the Bank's liabilities deriving from deposits, borrowed funds (Nostro Liabili-
ties) and own acceptances in circulation (cash ratio).
The Cover ratio of total liquid assets in the amount of DM 5 .6 billion (cash reserve, sight
balances at other crcdit institutions, holdings of matured bonds, interest and dividend cou-
pons, cheques on othcr banks, bills of exchange eligible for rediscount by the Deutsche Run-
desbank, Treasury Bills, non-intcrest-bearing Treasury Bonds, medium-term interest-bearing
notes, and securities eligible for Bundesbank advances) to the above-mentioncd liabilities
amountcd to 42.2 per Cent against 44.4 per Cent in the preceding year.
Balances at Credit Institutioons (Nostro Balance~)
Balanccs at Cred'it institzitions are shown at DM 873.9 million; that is an increase OE
nM 72.0 million. This increment is attributable mainly to the increase in demand deposits
which reached DM 787.2 million. Of thc total, DA^ 248.3 million were accounted for by foreign
credit institutions, For the calculation of the interest-free rninimum reserve to be maintained
with the Bundesbarik, this amount - like all other money market investments abroad - was
deducted from the Bank's foreign liabilities.
Bills Di~cotlnted
The increasc in discounts caused our Bill Ho1ding.r to rise by nM 323.8 million to
DM 2,889.9 million. Of this total, around 90 per ccnt were bills discountable andlor eligible
far Bundesbank advances in accordance with the regulations of the Central Bank, including
export bills of the Ausfuhrkredit-AG,