Word: reichsbanker
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First, the $100,000,000 emergency credit to the Reichsbank was to be extended for another three months...
...Federal Reserve Board, the Bank of England, the Bank of France would collaborate on a Reichsbank credit of $500,000,000. Since this must be a temporary loan it would be guaranteed by a covering loan from the Governments of Great Britain, France, the U. S., Belgium, Italy. The loan would be repaid in ten years, and would carry a mortgage on the receipts of the German customs...
Schmitz. Chosen as Federal Commissioner for Finance to try to pull German banks and industries back on their feet was Hermann Schmitz. Herr Schmitz is little known in the U. S., but his appointment seemed obvious to German editors. President Hans Luther of the Reichsbank could not take the job; he had far too many other things to do. Because of the intricate politics and jealousies of German finance, no professional banker could be appointed. Herr Schmitz is the next best thing. He is the financial adviser, the banking counsel of the largest corporation in Germany, the German Dye Trust...
Foreign Exchange. A rough-hewn plug to caulk the constant draining of German capital abroad was the following order: "Whoever owns foreign exchange or has claims for foreign exchange shall offer the claims or the exchange to the Reichsbank on the ordinary business conditions, and upon demand shall sell or transfer them to the bank...
Every German, in other words, must declare exactly what foreign money or foreign securities he possessed, and must sell them on demand to the Reichsbank at market rates...