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Only for ten years, and scales of regulation of banks surpassed everyones Limits. The notorious Specification-bedingungen (Normativ-Bedingungen), inConformity with which these banks have been founded, has reduced scales of their activity
To a minimum.
Along with the requirement to store the obligatory reserves equal to one third of the sum
Issues, the maximum size of their funds has been shown to a minimum necessary for
Business dealing, and the list of the resolved kinds of business was rather short.
The paid share capital of each of banks could not surpass Certain minimum level. The maximum volume of issue of all together The taken provinces has been established at level only one thirds of a limit
Prussian Bank, and this sum has been divided into equal parts between all without
Exceptions provinces, irrespective of relative requirements of each of Them.
Banks were not authorised to have representatives in the cities it; it also not
It was allowed to carry out transactions under the securities which have been let out by the governments
Other states. Banks had no right to consider the bill on which should
There were to pay the persons living outside of sphere of action corresponding
Bank, and receipts should bear on themselves signatures of three persons. Moreover,
To banks it was forbidden to pay percent on contributions, therefore this kind
Business it has appeared entirely assigned to Prussian Bank. However demand on
Banknotes it was so high that Berliner Kassenferajn and Shtettinsky Bank (Stettin Bank) it was allowed to Shtettnnsky Bank to save the percentage
Deposits have immediately agreed on observance of these rules in exchange for
Possibility to realise the issue driver's licence got thus. Simultaneously with movement in issue sphere the influence on development Bank institutes in Germany began to render and more one circumstance.
It is borrowed in Germany, and by the end of decade in various parts of the country already
With might and main there was an education of the numerous joint-stock banks working on
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