Commonwealth Bank of Australia (central banking functions)

E69902

central bank government-owned financial institution

The Commonwealth Bank of Australia (central banking functions) was the government-owned institution that performed Australia’s central banking and monetary policy roles before these responsibilities were transferred to the Reserve Bank of Australia in 1960.

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Observed surface forms (1)

Surface form	Occurrences
Commonwealth Bank (central banking functions)	1

Statements (46)

Predicate	Object
instanceOf	central bank ⓘ government-owned financial institution ⓘ
alsoKnownAs	Commonwealth Bank of Australia (central banking functions) ⓘ surface form: Commonwealth Bank (central banking functions)
centralBankingPowersConferredBy	Commonwealth Bank Act 1924 ⓘ
centralBankOf	Australia ⓘ
country	Australia ⓘ
dateOfTransferOfFunctions	1960 ⓘ
distinctFrom	Commonwealth Bank of Australia ⓘ surface form: Commonwealth Bank of Australia (commercial banking operations)
endTime	1960 ⓘ
establishedBy	Commonwealth Bank Act 1911 ⓘ
functionTransferredTo	Reserve Bank of Australia ⓘ
governedBy	Commonwealth Bank Board ⓘ
hadRoleDuring	Great Depression ⓘ World War II ⓘ surface form: Second World War
headquartersLocation	Australia ⓘ New South Wales ⓘ Sydney ⓘ
historicalStatus	defunct central banking authority ⓘ
issuerOf	Australian pound ⓘ surface form: Australian pound banknotes Australian pound ⓘ surface form: Australian pound currency
legalForm	statutory authority ⓘ
monetaryAuthorityOf	Australia ⓘ
operatedInJurisdiction	Commonwealth of Australia ⓘ
ownedBy	Commonwealth of Australia ⓘ Australian government ⓘ surface form: Government of Australia
partOf	Commonwealth Bank of Australia ⓘ
performedFunction	banker to other banks ⓘ banker to the government ⓘ central banking ⓘ exchange rate operations ⓘ financial system oversight ⓘ management of foreign reserves ⓘ monetary policy implementation ⓘ note issue ⓘ public debt management ⓘ
predecessor	Australian Notes Board ⓘ
reasonForCessation	creation of a separate Reserve Bank of Australia ⓘ
regulatorOf	Australian banking system ⓘ
replacedBy	Reserve Bank of Australia ⓘ
sector	public sector ⓘ
startTime	1924 ⓘ
supersededBy	Reserve Bank Act 1959 ⓘ
supervisedBy	Treasurer of Australia ⓘ
timePeriod	interwar period ⓘ post-war period up to 1960 ⓘ
typeOfMonetaryRegime	managed currency system ⓘ

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Commonwealth Bank of Australia (central banking functions) → alsoKnownAs → Commonwealth Bank of Australia (central banking functions) ⓘ

this entity surface form: Commonwealth Bank (central banking functions)

Reserve Bank of Australia → predecessor → Commonwealth Bank of Australia (central banking functions) ⓘ