Deutsche Notenbank

In the immediate aftermath of German defeat in 1945, the Reichsbank was placed under joint Allied custodianship pending its liquidation.

[1]: 322  in the Soviet occupation zone, entities dubbed Emissions- und Girobanken were established in May 1947 in each of the zone's five Provinces, namely in Potsdam for Brandenburg, Rostock for Mecklenburg, Dresden for Saxony, Halle for Saxony-Anhalt, and Erfurt for Thuringia.

[1]: 335 In 1947, newly appointed U.S. Military Governor Lucius D. Clay fostered the creation of a German central bank.

An agreement on that concept was reached among the three Western occupying forces on 30 October 1947, resulting in the establishment on 1 March 1948 of the Bank deutscher Länder.

[2] Greta Kuckhoff, a figure of the German resistance to Nazism, was the President of the Deutsche Notenbank from 1950 to 1958.