FOREWORD BYTHE GOVERNOR OF THE CZECH NATIONAL BANK 9 // 1) PREFACE // 2) AN OVERVIEW OF MODERN CZECH BANKING UNTIL 1950 17 // THE BANKING SECTOR IN WHAT IS NOW THE CZECH REPUBLIC 1847-1918 17 // Joint-stock commercial banks in the Habsburg Monarchy after 1853 // People’s banking institutions at the birth of Czech banking // Banking from the late 1860s onwards // The expansion and capital strength of Czech banks // The Austrian and Austro-Hungarian banks of issue 22 // Privilegierte österreichische National-Bank // The Austro-Hungarian Bank // BANKING IN CZECHOSLOVAKIA 1918-1938 25 // Types of Czechoslovak commercial banks 26 // Czech banks // Živnostenská banka // Other Czech banks // Banks with Czech-German management // German banks // The banking system in Slovakia and Carpathian Ruthenia // The 1922-1923 Czechoslovak banking crisis 30 // The stabilisation process in the Czechoslovak banking system 31 // Concentration in the Czechoslovak banking sector 32 // The Great Depression and its impact on the Czechoslovak banking system 34 // Public and specific banking institutions 36 // Public banking institutions // Special-purpose banking institutions // Prominent bank managers 1918-1938 38 THE CZECHOSLOVAK BANKING SECTOR // AFTER MUNICH 1938-1939 43 // The liquidation of branches of Czechoslovak banks // in the ceded territory 43 // Attempts to concentrate the Czechoslovak banking sector // during the Second Czechoslovak Republic 45 // BANKING IN THE PROTECTORATE OF BOHEMIA AND MORAVIA 1939-1945 46 // The occupying power and Czech banking 46 // The Czech banking sector in competition with German banks 48 // Banking sector structure in the Czech lands // on the eve of the liberation 49 // BANKING IN CZECHOSLOVAKIA 1945-1950 51 // The restoration of the Czechoslovak banking system 52 // The nationalisation of Czechoslovak banks 54 // The year of rivalry 55 //
The first phase of bank concentration 56 // From bank concentration to a mono-bank 57 // 3) A HISTORY OFTHE BANKS OF ISSUE // IN THE CZECH LANDS 1918-1993 61 // THE BANKING OFFICE OFTHE MINISTRY OF FINANCE 1919-1926 61 // Head office of the Austro-Hungarian Bank // in Prague - the predecessor of the Banking Office // The 1919 currency reform // The establishment of the central bank of issue // The deflationary policy of the Banking Office // Other activities of the Banking Office // THE NATIONAL BANK OF CZECHOSLOVAKIA 1926-1950 67 // The National Bank of Czechoslovakia (NBCS) during the First Republic 67 // Establishment and form of the bank of issue // Share capital of the National Bank of Czechoslovakia // Organisation of the National Bank // Other bodies of the central bank of issue // The National Bankas manager of a strong and healthy currency // The National Bank as central credit institution // Management of interbank payments // The Advisory Council on Banking Issues and the Central Arbitration Authority // Representation of the National Bank in other public institutions // The NBCS and Czechoslovak banknotes // The bank at the time of the Nazi threat The National Bank during the Second Republic (1938-1939) 79 // The monetary situation during the Second Republic // The National Bank for Bohemia and Moravia // during the Protectorate (1939-1945) 81 // Protectorate autonomy and the position of the bank of issue // The "monetary policy" of the occupying power // National Bank resistance against the occupation administration // The NBCS after the liberation of Czechoslovakia (1945-1950) 85 // The structure of the NBCS until 1948 // Monetary policy measures after the liberation of Czechoslovakia // Efforts to eliminate excessive purchasing power // Activities of the bank in external economic relations // The National Bank after the February coup //
THE STATE BANK OF CZECHOSLOVAKIA 1950-1992 93 // Organisational history of the State Bank of Czechoslovakia (SBCS) 93 // Structure of the financial sector after the establishment of the SBCS // Organisation of the SBCS (1950-1952) // The first restructuring of the SBCS (1953) // Takeover of Investiční banka’s functions // Establishment of Československá obchodní banka // Introduction of SBCS independence of state bodies (1965) // The 1968-1969 reform // Normalisation // The takeover of foreign exchange activities by the SBCS (1971) // Changes in the banking system 1988-1989 // From the Velvet Revolution to an independent Czech National Bank // The issuing activities of the SBCS (1950-1989) 108 // The 1953 currency reform // Issuance of banknotes and coins // Cash circulation // The SBCS’s lending activities (1950-1989) 111 // The payment system in the SBCS 112 // The SBCS’s involvement in monetary policy planning 114 // Establishment of the new competences of the SBCS 1990-1992 117 // Monetary policy // Exchange rate adjustment and internal convertibility of the crown // Banking regulation in the SBCS // Formation of the interbank payment system // CZECH NATIONAL BANK 1993 124 // The 1993 currency separation 124 // Monetary policy of the CNB 127 // The bank regulation function of the CNB 128 // 4) REPRESENTATIVES OF THE CNB AND ITS LEGAL PREDECESSORS 131 5) PREMISES OFTHE BANK OF ISSUE 141 // PREMISES OFTHE BANKING OFFICE OFTHE MINISTRY OF FINANCE AND THE NATIONAL BANK OF CZECHOSLOVAKIA 1919-1950 // THE HEADQUARTERS OFTHE SBCS ANDTHE CNB // The Živnostenská banka building // The Commodity Exchange building (no. 860/30) // The Poštovní spořitelna building at Wenceslas Square 42 // Other SBCS headquarters buildings // THE CNB HEADQUARTERS BUILDING // (1997-1999 RECONSTRUCTION) // BRANCHESOFTHECNB // České Budějovice branch // Plzeň branch //
Ústí nad Labem branch // Hradec Králové branch // Brno branch // Ostrava branch // 6) CONCLUSION -THE BOOK ENDS BUT THE CENTRAL BANK GOES ON // 7) GLOSSARY // 8) SOURCES AND LITERATURE // 9) AUTHORS // 10) CD-ROM ANNEXES