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in the [[Soviet occupation zone in Germany|Soviet occupation zone]], ostensibly similar entities dubbed {{lang|de|Emissions- und Girobanken}} were established in May 1947 in each of the zone's five Provinces, namely in [[Potsdam]] for [[Brandenburg (1945–1952)|Brandenburg]], [[Rostock]] for [[State of Mecklenburg (1945–1952)|Mecklenburg]], [[Dresden]] for [[Saxony]], [[Halle (Saale)|Halle]] for [[Saxony-Anhalt (1945–1952)|Saxony-Anhalt]], and [[Erfurt]] for [[Thuringia]]. Each of these was fully owned and controlled by the respective provincial authorities.{{R|Adler|p=335}}
In 1947, newly appointed U.S. Military Governor [[Lucius D. Clay]] decided, against directives from Washington, that Germany needed a central bank instead of a mere board bringing together the {{lang|de|Landeszentralbanken}} for joint policy decisions. An agreement on that concept was reached among the three Western occupying forces on {{date|1947/10/30}}, resulting in the establishment on {{date|1948/03/01}} of the [[Bank deutscher Länder]].
Given Berlin's special situation, no {{lang|de|Landezentralbank}} was initially established there. Plans for a separate currency for all of Berlin were considered up until June 1948, when the situation came to a head and the introduction of Western German marks into [[West Berlin]] precipitated the [[Berlin Blockade]]. Only after the blockade ended was the {{lang|de|Berliner Zentralbank}} established on {{date|1949/03/20}}, and initially operated under an association agreement with the Bank deutscher Länder. It was eventually converted into a {{lang|de|Landezentralbank}} in 1957.<ref>{{cite web |website=Deutsche Bundesbank |title=50 Jahre Landeszentralbank in Berlin und Brandenburg 1949 - 1999 |url=https://www.bundesbank.de/de/publikationen/bundesbank/50-jahre-landeszentralbank-in-berlin-und-brandenburg-1949-1999-605250}}</ref>
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