86 
BULLET1X 1266, U. S. DEPARTMENT OE AGRICULTURE. 
where it occupies its own building (fig. 22.). It is a capital-stock 
association and is incorporated under the Danish State corporation 
laws. The institution engages in all phases of banking business, 
besides financing of the cooperative associations, to serve the needs 
of which, as well as the whole agricultural industry, the central bank 
has established 48 branch banks and 59 offices scattered throughout 
the Kingdom. Besides winning the foremost place among the lead- 
ing banks in Denmark, the cooperative bank is the nation's clearing 
house for the financing of all agricultural exports. At present about 
75 per cent of the foreign money for Denmark's agricultural exports 
comes through this bank. 
At the close of the year 1922 the Danish Cooperative Bank had a 
share capital of 15,689,700 kroner, equivalent at prevailing exchange 
Fig. 22. — The building owned and occupied by the Danish Cooperative Bank, Copenhagen. 
The capital stock is owned by the various coperative associations in the country. 
to $3,283,854, and a reserve of 1,000,000 kroner ($209,300) (Table 16). 
The capital stock is owned by various kinds of cooperative associa- 
tions, cooperative rural banks, savings institutions, agricultural 
societies, and private individuals. Two-thirds, or $2,148,068, of the 
capital stock is held by 1,698 different cooperative associations and 
savings institutions. 05 
These are grouped as follows: 30 large central cooperative asso- 
ciations, whose share capital in the cooperative bank amounts to 
$532,899; 402 cooperative creameries, whose aggregate shares total 
$523,627 ; and 24 cooperative bacon plants, which own shares totaling 
$353,801. The largest group of cooperative associations is the group 
of cooperative consumers' stores, comprising 750 consumers' associa- 
tions, which hold shares amounting to $388,105. Other associations 
of various kinds to the number of 492 own shares amounting to 
$349,636. Furthermore, one-third of the capital stock, $1,135778(5, 
is subscribed by 22,194 individuals. This list of individual share- 
or 'Reretning om. Den Danske Andelsbank's Virksomhed i Tidsrummet 1 January-31 
December, 1922. 
