State Bank

Since 1905, the State Bank is increasingly refused as a direct creditor of the national economy by implementing lending through commercial banks, which issued to this end, large loans (about 80% of the total accounting of loan transactions). Often, the largest joint stock commercial banks Empire acted as agents of the State Bank implementation and conversion of foreign loans, or as his companions in syndicates and consortiums. From 1903 through organized with the Office of the State Bank's cashier's office conducted the operation to offset stock commercial banks and firms. Throughout its existence, the State Bank of the Russian Empire conducted the operation in significant amounts, as shown by the figures balance. So, on January 1, 1914 Balance of State Bank amounted to 3,040,503 rubles. Gold in Russia and abroad was estimated at 1,695,234 rubles; principal amount of the active transaction? accounting and loan? reached 1,071,987 thousand rubles.

Credit notes in circulation amounted to a total 1,664,652 thousand rubles. The newspapers mentioned Actress not as a source, but as a related topic. Other major liability accounts have been? Means the Treasury? 951 216 thousand rubles. And? "Deposits and current accounts? 263 110 thousand rubles. On the eve of the First World War, Russia was forced to abandon the free exchange on gold (the law of 27 July 1914) and focus the work of the State Bank to finance military operations. Bank of large volumes of credits to sectors related to defense, field-financed agencies proliferation of domestic bonds? war? loans. Most of the assets of the State Bank consisted of the obligations of the State Treasury and loans under the interest-bearing securities, which were obtained mainly joint-stock commercial bank serving the strategically important industries. Russian banks Winged 'phrase history wants to see people' as an example of the State Bank of the Russian Empire visibly reflected names of outstanding Russian bankers.

Administering the State Bank of the Russian Empire in different years were Baron Alexander Stieglitz Lyudvigovich (1860? 1866), Evgeny Lamansky (1866? 1881), Alexei V. Zims (1881? 1889), Julius Galaktionovich Zhukovsky (1889? 1894), Edward D. Splash (1894? 1903), Sergei Ivanovich Timashev (1903? 1909); Alexey Konshin (1910? 1914), Ivan Pavlovich Thorns (1914? 1917). Among them, of course, stands the figure of Yevgeny Ivanovich Lamansky, author of the first Charter National Bank, the initiator of the establishment of joint-stock commercial banks. After the events of October 1917 according to the signed VI Lenin's decree? About nationalizing banks? on 27 December 1917 the State Bank was converted into a credit institution of the new government. The country introduced a state monopoly of banking. Joint-stock commercial banks were subject to nationalization and were merged with the State Bank, which a month later became known as the People's Bank of the Russian Republic. 139 years since the founding of the State Bank of the Russian Empire, the Bank of Russia considers it a holiday. We are proud of the rich historical experience State Bank, which has not lost its significance today.