Specialized banks carry out special banking transactions:
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Mortgage lenders do their business by providing long-term loans to individuals, businesses and public corporations. You refinance yourself by selling Pfandbriefe and municipal bonds.
Securities depository banks (cash registers)
Collective securities banks (Kassenvereine) are institutions that exist on all stock exchanges and operate collective custody and securities transactions. Account holders with a cash association can only be who is subject to the statutory deposit check. Securities collecting societies handle all administrative tasks that arise in connection with the securities held.
Investment companies (capital investment companies)
Investment companies (capital investment companies) are institutions whose business consists in investing money invested with them in securities and real estate according to the principle of risk diversification. Certificates (unit certificates) are issued for the rights of the investors (unit holders) resulting from this. The assets are managed in separate funds (real estate funds, equity funds).
Building societies handle mortgage lending through special offers in the deposit and loan business. Their special feature is the granting of low-interest loans to a broad public, which are refinanced by correspondingly low-interest deposits.
Real estate credit institutions
Real estate credit institutions mainly finance public and private housing construction by issuing Pfandbriefe (e.g. Deutsche Pfandbriefanstalt).
The Deutsche Bundesbank with its state central banks and their branches does not belong to the commercial banking system described above. It is the central bank of the Federal Republic of Germany and its primary goals are to secure monetary stability internally, to protect the currency externally and to support the economic and stability policy of the federal government.
It pursues these goals by fulfilling the following tasks: regulating the supply of money and credit to the economy; sole right to issue banknotes (note privilege); Granting of loans to the federal government and its institutions as well as the federal states; Monitoring of bank payment transactions in Switzerland and abroad; Buying and selling of foreign currency; Buying and selling of bills of exchange and checks as well as federal and state treasury bills; -Management of the instruments of discount, credit and open market policy as well as the setting of minimum reserve rates.