History, Origin and current situation of some central

bank
Bangladesh bank
History
After the Liberation War and the eventual independence of Bangladesh, the Government
of Bangladesh reorganized the Dhaka branch of the State Bank of Pakistan as the central
bank of the country, naming it Bangladesh Bank. This reorganization was done pursuant
to Bangladesh Bank Order, 1972, and the Bangladesh Bank came into existence
retroactively from 16 December 1971.
Current situation
The bank's highest official is the governor (currently Dr. Atiur Rahman). His seat is in
Motijheel, Dhaka. The governor chairs the board of directors. The executive staff, also
headed by the governor, is responsible for the bank's day-to-day affairs.
Bangladesh Bank also has a number of departments under it, namely Debt Management,
Law, and so on, each headed by one or more general managers. The Bank has 10 physical
branches: Bangladesh, Mymensingh, Motijheel, Sadarghat, Barisal, Khulna, Sylhet,
Bogra, Rajshahi, Rangpur and Chittagong; each is headed by a general manager.
Headquarters are located in the Bangladesh Bank Building in Motijheel, which has two
general managers.

Reserve Bank of India

Origin
The Reserve Bank of India is India's Central Banking Institution, which controls
the Monetary Policy of the Indian Rupee. It commenced its operations on 1 April 1935
during the British Rule in accordance with the provisions of the Reserve Bank of India

Act, 1934. The original share capital was divided into shares of 100 each fully paid,
which were initially owned entirely by private shareholders. Following India's
independence on 15 - August - 1947, the RBI was nationalized in the year of 1 January
1949.

History
The Reserve Bank of India is India's Central Banking Institution, which controls
the Monetary Policy of the Indian Rupee. It commenced its operations on 1 April 1935
during the British Rule in accordance with the provisions of the Reserve Bank of India
Act, 1934. The original share capital was divided into shares of 100 each fully paid,
which were initially owned entirely by private shareholders. Following India's
independence on 15 - August - 1947, the RBI was nationalized in the year of 1 January
1949.
The Bank was constituted to
-Regulate the issue of banknotes
-Maintain reserves with a view to securing monetary stability and
-To operate the credit and currency system of the country to its advantage.
The Bank began its operations by taking over from the Government the functions so far
being performed by the Controller of Currency and from the Imperial Bank of India, the
management of Government accounts and public debt. The existing currency offices at
Calcutta, Bombay, Madras, Rangoon, Karachi, Lahore and Cawnpore (Kanpur) became
branches of the Issue Department. Offices of the Banking Department were established in
Calcutta, Bombay, Madras, Delhi and Rangoon.

Current activities
i.
ii.
iii.
iv.
v.

Regulator and supervisor of the financial system

Managerial of exchange control
Issuer of currency
Banker's bank
Detection of fake currency

Federal Reserve System

Origin

On October 14, 1066, AD., King William I (the Conqueror) founded the English
monarchy. The Corporation was created by William in 1067 AD. to facilitate trade, and
assure the continuation of the wealth of the monarchy. The City of London's legal name is
The Corporation of the City of London. The City of London has unique political and
economic privileges that do not apply to Greater London, or anywhere else in the British
realm. The "City" even has its own police force that is sovereign.
The Bank of England was granted a royal charter on July 27, 1694, by William III to
regularize the monarchy's finances. This scheme was invented by a Scot promoter named
William Paterson. The scheme was to create a bank with a "fund for perpetual interest".
Fractional reserve banking was created, along with the radical monetary concept of a
"monopoly" bank which would create money for loans that would never be repaid. A
perpetual money machine for the monarchy was born. The permanent National Debt was
born. The Bank of England would finance the emerging empire from its headquarters in
the City of London. Never again would the lack of money, or liquidity, hamper the British
empire under normal economic conditions. Conveniently, the monarchy also controls the
City of London. This assures that the heart of the economic machine will always be
protected.