THE GENERAL RAIFFEISEN FEDERATION OF NEUWIED 



Number of shareholdtrs 



Paid-up capital 



Turn-over of bank 



State bills held 



Credit account with rural banks 



Credit accoimt with non-credit co- 

 operative societies 



Including credit accoimt with pro- 

 ducers' co-operative societies . 



Credit account with communes . . 



Credit account with large banks . . 



Debit account with rural banks . . 



Debit account with non-credit co- 

 operative societies 



Debit account with large banks . . 



§ 2. District Co-operative Banks for Co-operative Societies other than 

 Credit Societies [Zentralkassen filr Betriebsgenossenschaften). 



As has been seen the Central Bank grants loans to co-operative so- 

 cieties. Before 1912 however its relations with these societies were little 

 developed for its by-laws did not allow it to grant loans on current account. 



In order that these societies might command credit of this description 

 co-operative banks for non-credit co-operative societies were formed wher- 

 ever there were branches of the Central Bank, and they acqtnred the 

 legal form of registered societies of limited liability. 



All co-operative societies other than credit societies in the district, 

 that is all belonging to the local district federation, are accepted as share 

 holding members of these banks. Co-operative societies not belonging 

 to the federation and individuals may be admitted to the same status 

 exceptionally. 



The co-operative banks maintain a balance of credit among their 

 members. 



In practice they have shown no great xntaUty. This is due to the fact 

 tiiat the credit necessary to the producers' co-operative societies is of a 

 different -kind from that required by the credit co-operative societies. The 

 producers' co-operative societies need large capital to be used for building 

 machines etc : that is capital which may be sunk permanently — and this 

 involves a need of long-term loans. Thej'^ rarely command free capital 

 which they can place at the disposal of the bank having the duty of main- 

 taining the balance of credit. 



Since these co-operative banks could not satisfy the needs of the pro- 

 ducers' co-operative societies, the by-laws of the Central Bank were modi- 



