English Translation

0V Landesbank für Böhmen in Prag 7 berme: la brigisne id an Oberdirektor JUDr.Anton Böhm n. fio. Gerdaes sridageleided to shero 2bro4..M.d /. 27 .2 Dear Secretary of State, after the establishment of the Protectorate of Bohemia and Moravia, it was clear that, as in the monetary system at all, certain adjustments to the tried and tested forms of the German Reich will also be necessary in the area of state money institutions. In all the discussions, the establishment of Community banks was also established as the final form of development in this area of money, as is embodied in the Gau Sudetenland in the Landesbank and Girozentrale for the Sudetensland. This form of the bank is the carrier of the cashless Giroverkehr. The most suitable form for this institution was the central bank of the savings banks and it was chosen to be set up as a Girozentrale", mainly because the Landesbanken and mortgage banks in their organization did not yet provide a precondition for the entrustment with this service. In the area of the Landesbanken and mortgage banks of the Protectorate, the next task was therefore the disappearance of the Land and Mortgage banks, which were carried out on 1 July 194l in Bohemia as well as in Moravia, and the Landes Bank for Bohemia and the Land Bank for Moravia came into being.