History
The State Bank was established on 12 June 1860 on the base of the State Commercial Bank by ukaz of Emperor Alexander II. This ukaz also ratified the Statute of the bank. According the Statute, it was a state-owned bank, intended for short-term credit of trade and industry.
In early 1917 the Bank had 11 branches, 133 permanent and 5 temporary offices and 42 agencies. On 7 November 1917 the State Bank was disestablished and was succeeded by the People's Bank of the RSFSR (until 1922) and State Bank of the USSR (until 1991). After the dissolution of the Soviet Union in 1991, a new central bank was established, Central Bank of the Russian Federation.
Read more about this topic: State Bank Of The Russian Empire
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“We have need of history in its entirety, not to fall back into it, but to see if we can escape from it.”
—José Ortega Y Gasset (1883–1955)
“If usually the “present age” is no very long time, still, at our pleasure, or in the service of some such unity of meaning as the history of civilization, or the study of geology, may suggest, we may conceive the present as extending over many centuries, or over a hundred thousand years.”
—Josiah Royce (1855–1916)
“Boys forget what their country means by just reading “the land of the free” in history books. Then they get to be men, they forget even more. Liberty’s too precious a thing to be buried in books.”
—Sidney Buchman (1902–1975)