Fonds BArch, R 8121 - Bank der deutschen Luftfahrt AG (portfolio)

743 Aufbewahrungseinheiten

Bank der deutschen Luftfahrt AG, 1933-1945

History of the Inventory Former: The Bank der Deutschen Luftfahrt, also known as the Aero- or Luftfahrtbank, was formed by the transformation of Luftfahrtkontor GmbH into a public limited company with shareholder resolution of 6 July 1940, the object of which, according to the articles of association of that date, was "the execution of banking transactions of all kinds and of related transactions serving directly or indirectly aviation purposes, as well as the administration and supervision of aviation companies and the execution of all such transactions, including in a fiduciary capacity" [1]. Luftfahrtkontor GmbH had been founded in 1933/34 in the context of the takeover of the Junkers group by the Reich Aviation Ministry (RLM) and in 1938 was responsible for the administration of 1. the Reich-owned facilities leased to companies in the aviation industry, 2. the Reich's holdings in companies in the aviation industry and 3. the investment loans [2]. In the course of the so-called "capital cut" to reform corporate financing, the investment loans granted until then were converted into state aid for special depreciation and firms were encouraged to use more of their own funds and borrowed capital to finance investments. To this end, both the RLM and the Reich Ministry of Finance (RFM) considered it sensible to set up their own commercial bank for aviation, whose loans were intended to stimulate the involvement of other banks and other donors and to which all Reich shareholdings in the aviation industry and aviation were to be transferred. On 9 June 1939 Luftfahrtkontor GmbH received its banking licence from the Reich Commissioner for Banking and quickly acquired the character of a "universal bank for German aviation" [3] after the start of the war. In addition to the conventional investment loans, the Luftfahrtbank increasingly granted the aerospace armaments companies - similar to the Deutsche Industriebank for the suppliers of the army and navy - the credit assistance provided by the Reich Economic Ministry (RWM) for the mobilization of arms production (in short: "mobkredite") with Reich guarantees from autumn 1939 onwards. This resulted in a substantial increase in the Bank's lending volume, which, together with the significant increase in managed participations and deposits from aviation companies, as well as increased activity on the stock exchange and the money market, led to the Bank being renamed "Bank der Deutschen Luftfahrt" and converted into a stock corporation (AG). This was in response to the wish of the General Airworthiness Officer Ernst Udet that "the company's status as a bank should be expressed in the company name" [4]. Like its predecessor Luftfahrtkontor, the Bank der Deutschen Luftfahrt initially resided in Berlin-Schöneberg, Am Park 12. In the night from March 1 to March 2, 1943, Ge‧bäude burned out completely after an Allied air raid, whereupon the bank had to move its Geschäfts‧räume to the center of Berlin (Werderstr. 7). As a result of the fire, loss of files also seems to have been the cause of complaint [5]. Dissatisfied with the accommodation that was not considered to be standes‧gemäß, the bank pushed in the spring of 1944 the efforts that had previously been made by the Jewish company Panofski

Federal Archives (Archivtektonik) >> North German Confederation and German Reich (1867/1871-1945) >> Organizations, associations and commercial enterprises >> Economy, Finance, Agriculture, Construction, Transport, Environment

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• German

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Schriftgut

https://invenio.bundesarchiv.de/basys2-invenio/direktlink/5439047b-314a-4a8b-a05f-de9c9d6746af/

Literatur: <br />
Boelcke, Willi A.: Stimulation und Verhalten von Unternehmen der deutschen Luftrü‧stungsindustrie während der Aufrüstungs- und Kriegsphase, in: Luftkriegführung im Zweiten Weltkrieg. Ein internationaler Ver‧gleich, hg. von Horst Boog, Herford 1993, S. 81-111.<br />
Budraß, Lutz: Flugzeugindustrie und Luftrü‧stung in Deutschland 1918-1945, Düsseldorf 1998 (Schriften des Bundesarchivs

Original description: Deutsche Digitale Bibliothek

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