In Germany, as is well known, the main currency is supplied by the Reichsbank, covered by at least 33-1/3 per cent.
The sum seized, it must be said, was replaced by notes of the Reichsbank.
Hence the Reichsbank account does not show the whole situation.
The attitude of the Reichsbank is the same toward them as toward any other bank?
By the law of 1906 the Reichsbank was authorized to issue 20 M. and 50 M. notes.
The principle of the Reichsbank is not to serve a part of the community, but the whole.
One reason is that it makes a bill which is acceptable at the Reichsbank and is a prime bill.
The Reichsbank does not pay interest on money deposited with it.
On securities classed at the Reichsbank as Class I. loans could be made up to 60 per cent.
It may be said that the Reichsbank is more restricted by law.