Deutsche Bundesbank
The Deutsche Bundesbank (German Federal Bank), located in 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.