The ''Bayerische Notenbank'' () was a German note-issuing bank, founded in 1875 in

Munich Munich is the capital and most populous city of Bavaria, Germany. As of 30 November 2024, its population was 1,604,384, making it the third-largest city in Germany after Berlin and Hamburg. Munich is the largest city in Germany that is no ...

. It lost its issuance privilege in 1935 and was merged that same year into the

Bavarian State Bank The Bavarian State Bank () was a German government-owned bank, initially founded in 1780 and merged into Bayerische Vereinsbank in 1971. Overview In 1780, Alexander, Margrave of Brandenburg-Ansbach, Margrave Alexander of Brandenburg-Ansbach, i ...

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In 1875, the monetary unification reform that created the

Reichsbank The ''Reichsbank'' (; ) was the central bank of the German Empire from 1876 until the end of Nazi Germany in 1945. Background The monetary institutions in Germany had been unsuited for its economic development for several decades before unifica ...

allowed local bank to keep issuing legal-tender banknotes, but restricted the commercial activities in which such banks could engage, including mortgage lending. As a consequence, Hypo-Bank decided to relinquish its note-issuing role and to transfer it into an entity specifically created for that purpose, the Bayerische Notenbank. Two thirds of the new bank's capital was issued to the existing shareholders of Hypo-Bank, with Hypo-Bank and the Bavarian government each taking an additional one-sixth. By 1890, the Bayerische Notenbank had a network of six main branches in

Augsburg Augsburg ( , ; ; ) is a city in the Bavaria, Bavarian part of Swabia, Germany, around west of the Bavarian capital Munich. It is a College town, university town and the regional seat of the Swabia (administrative region), Swabia with a well ...

Kempten Kempten (; ) is the largest town of Allgäu, in Swabia, Bavaria, Germany. The population was about 68,000 in 2016. The area was possibly settled originally by Celts, but was later taken over by the Romans, who called the town ''Cambodunum''. K ...

Nuremberg Nuremberg (, ; ; in the local East Franconian dialect: ''Nämberch'' ) is the Franconia#Towns and cities, largest city in Franconia, the List of cities in Bavaria by population, second-largest city in the States of Germany, German state of Bav ...

Regensburg Regensburg (historically known in English as Ratisbon) is a city in eastern Bavaria, at the confluence of the rivers Danube, Naab and Regen (river), Regen, Danube's northernmost point. It is the capital of the Upper Palatinate subregion of the ...

Würzburg Würzburg (; Main-Franconian: ) is, after Nuremberg and Fürth, the Franconia#Towns and cities, third-largest city in Franconia located in the north of Bavaria. Würzburg is the administrative seat of the Regierungsbezirk Lower Franconia. It sp ...

, and

Ludwigshafen Ludwigshafen, officially Ludwigshafen am Rhein (; meaning "Ludwig I of Bavaria, Ludwig's Port upon the Rhine"; Palatine German dialects, Palatine German: ''Ludwichshafe''), is a List of cities and towns in Germany, city in the German state of Rh ...

in the Bavarian

Circle of the Rhine The Circle of the Rhine or Rhine Circle (), sometimes the Bavarian ( or ), was the name given to the territory on the west bank of the Rhine from 1816 to 1837 which was one of 15 (later 8) administrative districts of the Kingdom of Bavaria. Befo ...

, complemented by 28 smaller agencies. On , as a consequence of a reform that terminated all remaining local note-issuance privileges in Germany, the Bayerische Notenbank was absorbed by the

References

Defunct banks of Germany Banks established in 1875 1875 establishments in Germany

Germany Germany, officially the Federal Republic of Germany, is a country in Central Europe. It lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total popu ...

UniCredit Group {{bank-stub

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References