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===Central banks=== [[File:European Central Bank - building under construction - Frankfurt - Germany - 14.jpg|thumb|The new headquarters of the European Central Bank in the Ostend district]] Frankfurt is home to two important [[central bank]]s: the German Bundesbank and the European Central Bank (ECB).<ref>{{Cite news |url=https://www.politico.eu/article/tower-envy-frankfurt-may-be-home-to-one-central-bank-too-many/ |title=Tower envy: Frankfurt may be home to one central bank too many |date=10 August 2017 |work=POLITICO |access-date=27 December 2017 |language=en-US |archive-url=https://web.archive.org/web/20171227235808/https://www.politico.eu/article/tower-envy-frankfurt-may-be-home-to-one-central-bank-too-many/ |archive-date=27 December 2017 |url-status=live}}</ref> ====European Central Bank==== [[File:Euro-Symbol von Ottmar Hörl, vor dem Gebäude der EZB in Frankfurt am Main.jpg|left|thumb|159x159px|[[Euro-Skulptur]]]] The European Central Bank (''Europäische Zentralbank'') is one of the world's most important central banks with a balance sheet total of around 7 trillion.<ref>{{cite web | url=https://www.infina.at/trends/ezb-bilanzsumme/ | title=EZB-Bilanzsumme: Entwicklung und Prognose | INFINA | access-date=18 July 2024 | archive-date=18 July 2024 | archive-url=https://web.archive.org/web/20240718044416/https://www.infina.at/trends/ezb-bilanzsumme/ | url-status=live }}</ref> The ECB sets monetary policy for the Eurozone, consisting of 19 [[Member state of the European Union|EU member states]] that have adopted the [[Euro]] (€) as their common currency. From 1998 the ECB Headquarters have been located in Frankfurt, first in the [[Eurotower (Frankfurt)|Eurotower]] at Willy-Brandt-Platz and in two other nearby high-rises. The new [[Seat of the European Central Bank]] in the [[Ostend (Frankfurt am Main)|Ostend]] district, consisting of the former wholesale market hall (''[[Großmarkthalle]]'') and a newly built 185-meter skyscraper, was completed in late 2014. The new building complex was designed to accommodate up to 2,300 ECB personnel. The location is a few kilometers away from downtown and borders an industrial area as well as the Osthafen (''East Harbor''), It was primarily chosen because of its large premises which allows the ECB to install security arrangements without high fences. The city honors the importance of the ECB by officially using the slogan "The City of the Euro" since 1998. ====Deutsche Bundesbank==== The {{lang|de|[[Deutsche Bundesbank]]|italic=no}} (German Federal Bank), located in [[Bockenheim (Frankfurt am Main)|Ginnheim]], was established in 1957 as the central bank for the Federal Republic of Germany. Until the euro (€) was introduced in 1999, the Deutsche Bundesbank was responsible for the monetary policy of Germany and for the German currency, the [[Deutsche Mark]] (DM). The Bundesbank was greatly respected for its control of inflation through the second half of the 20th century. Today the Bundesbank is an integral part of the [[European System of Central Banks]] (ESCB) which is formed by all 27 EU member states. Its bilance sheet total is around 2,7 trillion,<ref>{{cite web | url=https://www.bundesbank.de/de/bundesbank/organisation/die-bundesbank-in-zahlen/die-bundesbank-in-zahlen-604102 | title=Die Bundesbank in Zahlen | access-date=18 July 2024 | archive-date=18 July 2024 | archive-url=https://web.archive.org/web/20240718044854/https://www.bundesbank.de/de/bundesbank/organisation/die-bundesbank-in-zahlen/die-bundesbank-in-zahlen-604102 | url-status=live }}</ref> making it the 4th biggest central bank.
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