English Translation

- 3 - the future form is taken much earlier than was the case with the merger of such homogeneous institutions as the mortgage and state banks of Bohemia and Moravia. Depending on whether the establishment of an institution for the entire Protectorate area or two institutions for Bohemia and Moravia is planned separately, or whether the state institutions remain separate and only one of the entire Giro area of the Protectorate region is integrated, four forms of solving this problem are conceivable. I. Conversion of the central bank of the savings banks as a Giro central. The institutions entrusted with the Girodienste of the Reich are public-law financial institutions, which are guaranteed by the regional authorities exclusively by these and the savings banks associations. They obtain their business activities by their own means or funds are made available to them by the self-governing bodies and the Savings Bank associations. This public-legal character is completely lacking in the central bank of savings banks and, as a private equity bank, still does not offer sufficient security for deposits by savings banks, which generally exceed the compulsory amount guaranteed by the state. It is therefore not to a desirable extent appropriate to be the carrier of the current account and administrator of the compulsory deposits of the savings banks. This was done during the discussions with the representatives of the Deutsche Sparkassen- und Giroverband, the economic group of the public service