WZ 64.19.2—Activities of savings banks

Where 64.19.2 sits

1. L Financial and insurance activities
2. 64 Financial service activities, except insurance and pension funding
3. 64.1 Monetary intermediation
4. 64.19 Other monetary intermediation
5. 64.19.2 Activities of savings banks

What 64.19.2 includes

• Activities of
• With few exceptions
• Municipal institutions, whose guarantors are municipalities and municipal associations. Their most important passive business is accepting savings deposits, their most important lending business is granting long-term loans (primarily mortgage loans), in addition to all standard banking transactions, including short- and medium-term lending.
• Activities of central institutions (state banks) of the savings banks operating within their respective regions. The state banks serve the savings banks as liquidity providers and as settlement centers for cashless payments. Furthermore, they channel public funds within the framework of special loan programs; as state banks, they are the "house banks" of the federal states. They conduct basic and municipal lending business and hold the right to issue securities; in addition, they carry out all standard banking transactions.

What 64.19.2 excludes

• Activities of building societies, see 64.19.6
• Lending by specialist credit institutions that do not accept deposits (e.g., for the purchase of residential property), see 64.92.3
• Processing and settlement of credit card transactions, see 66.19.1

64.19.2 in other systems