Posts Tagged ‘World Bank Group’

Bretton Woods Monetary Conference, July 1-22, 1944

In July 1944, representatives from 44 nations met at the Mount Washington Hotel in Bretton Woods, New Hampshire for the United Nations Monetary and Financial Conference. The United States government selected the Mount Washington Hotel as the site of the now famous Bretton Woods Conference for various reasons: its remoteness offered seclusion from outside interference; the White Mountains scenery was spectacular; and war-time security was more easily managed. The Mount Washington Hotel was closed for business in 1930 and completely refurbished before the conference.

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Historic plaque with the inscription commemorating the Bretton Woods Conference, July 1-22, 1944 The U.S. Secretary of the Treasury, Henry Morgenthau, Jr., addresses the delegates to the Conference, July 8, 1944

“…a prodigious amount of work was done during the three weeks of the Conference. Many persons were assigned to both Bank and Fund committees, which met around the clock, and in addition to committee meetings, there were plenary sessions, where microphones were whisked from speaker to speaker by Boy Scouts…” recalls Shirley Boskey (International Bank Notes, July 1956)

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Delegates in front of the Mount Washington Hotel, July 2, 1944 An informal gathering of the attendees of the Conference, July 1944

More than a year later, representatives of 28 nations gathered at the State Department in Washington, D.C. to sign the Bretton Woods Monetary Agreements preliminary agreed upon at the Bretton Woods Conference.

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Articles of Agreement of the International Monetary Fund and IBRD, July 1944

“Bretton Woods Recalled” by Shirley Boskey, International Bank Notes, July 1957

Fred Vinson, the U.S. Secretary of the Treasury, said at the time of the formal signing of the Bretton Woods Agreements: “History is being written today as we execute these documents and breathe the breath of life into the International Monetary Fund and the International Bank for Reconstruction and Development. We can be thankful that the history we are now writing is not another chapter in the almost endless chronicle of war and strife. Ours is a mission of peace – not just lip service to the ideals of peace – but action, concrete action, designed to establish the economic foundations of peace on the bed rock of genuine international cooperation.

“If these two great international institutions are to achieve the mission which the world has so hopefully entrusted to their care, it will require the wholehearted and concerted cooperation of each of the member countries and their people” (Treasury Department, Press Release, December 27, 1945)

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Lord Keynes addressing the Conference meeting, July 1944 U.S. Acting Secretary of State Dean Acheson addresses representatives of 28 nations gathered to sign the Bretton Woods Monetary Agreement, December 27, 1945

Bretton Woods 60th Anniversary Virtual Exhibition

Articles of Agreement

Previously Featured Documents/Photos

This feature is produced by the World Bank Group Archives to highlight the World Bank’s contributions to development.

Permanent URL for this page: http://go.worldbank.org/A5PNZYX5T0

ΑΠΟΔΕΙΞΤΕ ΑΝ ΜΠΟΡΕΙΤΕ ΠΩΣ ΔΗΛΩΣΑΝ ΤΗΝ ΡΩΣΙΑ ΧΡΕΩΚΟΠΗΜΕΝΗ ΠΡΙΝ 20 ΧΡΟΝΙΑ

ΑΠΟΔΕΙΞΤΕ ΑΝ ΜΠΟΡΕΙΤΕ ΠΩΣ ΔΗΛΩΣΑΝ ΤΗΝ ΡΩΣΙΑ ΧΡΕΩΚΟΠΗΜΕΝΗ ΠΡΙΝ 20 ΧΡΟΝΙΑ

165.) Central Bank of Union Soviet Socialist Republic (USSR) with account no. 243USR – 09911 – 001 worth of $ 900, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000 sponsored by 5, 000, 000 metric tons of gold. time deposited with 4% per annum on January 1, 1966 and with account no. 394059PP524 worth of $ ∞ time deposited with 4% per annum on January 1, 1966

SWIFT Code: ASBLPAM12000

ISIN Code: ASBLPAM99900

Euroclear: EUASBLP12000 Continue. . . . .

519. Gazprombank (Russia) Account no. 35777201436 with account name of White Spiritual Boy and with standing balances of US$ 50, 000, 000, 000, 000 reconfirmed and reconsidered matured audit dated December 1, 2008 that guaranteed and reconfirmed earned worth of US$ 49, 650, 000, 000, 000 from the month of May up to this month in the total of US$ 99, 650, 000, 000, 000.

520. Evrofinance Mosnarbank (Russia) Account no. 98877741162 with account name of White Spiritual Boy and with standing balances of US$ 20, 000, 000, 000, 000 reconfirmed and reconsidered matured audit dated December 1, 2008 that guaranteed and reconfirmed earned worth of US$ 9, 860, 000, 000, 000 from the month of May up to this month in the total of US$ 29, 860, 000, 000, 000.

521. International Industrial Bank (Russia) Account no. 3577714546 with account name of White Spiritual Boy and with standing balances of US$ 30, 000, 000, 000, 000 reconfirmed and reconsidered matured audit dated December 1, 2008 that guaranteed and reconfirmed earned worth of US$ 29, 770, 000, 000, 000 from the month of May up to this month in the total of US$ 59, 770, 000, 000, 000.

522. MDM Bank (Russia) Account no. 377796425841 with account name of White Spiritual Boy and with standing balances of US$ 50, 000, 000, 000, 000 reconfirmed and reconsidered matured audit dated December 1, 2008 that guaranteed and reconfirmed earned worth of US$ 49, 650, 000, 000, 000 from the month of May up to this month in the total of US$ 99, 650, 000, 000, 000.

523. Mezhprombank (Russia) Account no. 97772862741 with account name of White Spiritual Boy and with standing balances of US$ 40, 000, 000, 000, 000 reconfirmed and reconsidered matured audit dated December 1, 2008 that guaranteed and reconfirmed earned worth of US$ 39, 520, 000, 000, 000 from the month of May up to this month in the total of US$ 79, 520, 000, 000, 000.

524. Sberbank (Russia) Account no. 9128777AM1 with account name of White Spiritual Boy and with standing balances of US$ 900, 000, 000, 000, 000, 000, 000, 000, 000, 000 reconfirmed and reconsidered matured audit dated December 1, 2008 that guaranteed and reconfirmed earned worth of US$ 893, 100, 000, 000, 000, 000, 000, 000, 000, 000 from the month of May up to this month in the total of US$ 1, 793, 100, 000, 000, 000, 000, 000, 000, 000, 000.

525. VTB Bank (Russia) Account no. 963277721468 with account name of White Spiritual Boy and with standing balances of US$ 10, 000, 000, 000, 000 reconfirmed and reconsidered matured audit dated December 1, 2008 that guaranteed and reconfirmed earned worth of US$ 9, 924, 000, 000, 000 from the month of May up to this month in the total of US$ 19, 924, 000, 000, 000.

526. Rosbank (Russia) Account no. 386257771 with account name of White Spiritual Boy and with standing balances of US$ 7, 000, 000, 000, 000 reconfirmed and reconsidered matured audit dated December 1, 2008 that guaranteed and reconfirmed earned worth of US$ 6, 947, 000, 000, 000 from the month of May up to this month in the total of US$ 13, 947, 000, 000, 000.

Prepared by:

Federal Reserve Board of the United States of America

Soft Probe by:

The World Bank Group

The International Monetary Funds

Bank for International Settlement

Financial Action Task Force

Legalized by:

International Court of Justice

International Criminal Court

Submitted to:

The United Nation Organization

Copy furnished to:

International Chamber of Commerce

Data Prepared and Approved by: (Signed) (Signed)

HE Chief Exe. Pierre Francotte HE Deputy Chief Exe. Ignace R. Combes

C.E.O. Deputy C.E.O.

Euroclear Group Euroclear Group

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