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Frankfurter Volksbank

Banks based in FrankfurtBanks established in 1862Cooperative banks of GermanyGerman companies established in 1862

The Frankfurter Volksbank eG is a Cooperative bank and has its headquarters in Frankfurt am Main. The bank's business area includes the city of Frankfurt and parts of the surrounding area.

Excerpt from the Wikipedia article Frankfurter Volksbank (License: CC BY-SA 3.0, Authors).

Frankfurter Volksbank
Börsenstraße, Frankfurt Innenstadt (Innenstadt 1)

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N 50.114975 ° E 8.676506 °
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Frankfurter Volksbank

Börsenstraße 7-11
60313 Frankfurt, Innenstadt (Innenstadt 1, Innenstadt)
Hesse, Germany
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Bizonal Economic Council
Bizonal Economic Council

The Wirtschaftsrat or Economic Council was West Germany's first post-war legislative parliament and progenitor of the German Bundestag. After the American Secretary of State George C. Marshall pushed for organisational improvements in the Anglo-American zone of occupation in post-war West Germany, the two Military Governors Lucius D. Clay and Sir Brian Robertson signed the ‘Agreement for Reorganisation of Bizonal Economic Agencies’ on 29 May 1947 resulting in the creation of the so-called Wirtschaftsrat (Economic Council), which became effective on 10 June 1947. In principle, the Economic Council consisted of three organs concentrated in Frankfurt am Main: the Exekutivrat (Executive Committee) as a second chamber with representatives of the eight Länder in the Bizone, the Direktoren der Verwaltung (Executive Directors) as quasi-ministers presiding over the five already existing administrations, and, finally, the actual Wirtschaftsrat as first post-war parliament. In particular the latter was granted legislative and budgetary competence to facilitate the solution of pressing economic problems and the reconstruction of economic life. On 25 June 1947, the 52 delegates elected in an indirect ballot of one delegate per 750,000 citizens by the Landtage (parliaments) of the eight Länder in the Bizone gathered in Frankfurt am Main; on 9 August, the law for the reorganisation of the bizonal economic agencies was passed. Soon afterwards, however, the constructional flaws of the Economic Council as a whole came to the fore requiring the reorganisation of the bizonal administration. On 9 February 1948, the Frankfurter Statut defining the changes to the Economic Council came into effect. These were the renaming of the Executive Committee as Länderrat, the creation of a Verwaltungsrat (Administrative Council) formed by the Executive Directors and supervised by a chairman officially titled Oberdirektor, and, finally, the doubling of the delegates in the Economic Council, something which did not affect the proportion of political parties in this second economic parliament. While the Economic Council was a decisive platform for the political debate and factual implementation of any emerging economic concept, the parliament’s resolutions and acts remained subject to the authorisation by the Allied Zwei-Zonen-Amt (Bipartite Board) in Berlin and were controlled by the so-called ‘Zweizonenkontrollamt’ (Bipartite Control Office) (BICO) in Frankfurt. Foreign trade and monetary transactions were carried out by the Allied Joint Export-Import Agency (JEIA). Due to the fact that the Economic Council was restricted in its legislative scope and also not a representative assembly elected by the plebiscite, the bizonal institution was often ill-regarded as quasi-parliament. Nevertheless, this first German parliament after World War II was a central prerequisite for Germany’s political and economic reconstruction and marked an important step towards German political and economic self-determination. Henceforth, German political parties were given the opportunity actively to conduct an economic policy and to affect the definition of an emerging economic model for post-war West Germany.

Freßgass
Freßgass

Freßgass (literally, "Grazing Street") is an upmarket shopping street in the city centre of Frankfurt, Germany, located in the district of Innenstadt and within the central business district known as the Bankenviertel. It is commonly regarded as Frankfurt's culinary main street. The street is a broad pedestrian zone, and is located between Hochstraße and the Opernplatz (Opera Square) with the Alte Oper in the west and the Börsenstraße (Stock Exchange Street) with the Frankfurt Stock Exchange in the east. The street is also the direct continuation (in the western direction) of the Zeil, and is a parallel street of Goethestraße, Germany's best known luxury shopping street. In recent years Freßgass has increasingly become a luxury shopping street, serving as an extension of the Goethestraße in this regard. Its other primary adjacent street is the Kaiserhofstraße. Freßgass was originally an unofficial name, adopted around 1900 by its local population, for the streets Kalbächer Gasse and Große Bockenheimer Straße, because of their many high-end food shops, bakeries and butcheries, making it the most famous food shopping street serving the bourgeoisie of the Westend. Today the Freßgass is famous as the street where the bankers from the Bankenviertel meet for lunch; banker Alex Bergen notes that "around 90% of the meeting and greeting between M&A bankers happens in one street – the Fressgass." In 1977, the name Freßgass became an official name for the streets Kalbächer Gasse and Große Bockenheimer Straße. Since 1977, the Rheingau Wine Festival takes place annually during the late summer in Freßgass, showcasing wineries from Rheingau and Rheinhessen. The real estate prices in Freßgass and its adjacent streets are the highest in Frankfurt. The Freßgass itself has the third highest rent after its two neighbouring streets, the Goethestraße and the Zeil. Freßgass features the flagship Frankfurt Apple Store, the French luxury sound system vendor Devialet, a Tesla store, many high-end fashion boutiques in addition to many specialty food shops and restaurants.

Hochstraße (Frankfurt)
Hochstraße (Frankfurt)

The Hochstraße (lit., "High Street") is a short street in the city centre of Frankfurt, Germany, located in the Opera Quarter in the western part of the district of Innenstadt, within the central business district known unofficially as the Bankenviertel (Banking District). It runs from the Opera Square and the western ends of the Freßgass and Goethestraße high-end shopping streets to the Eschenheimer Tor, along the Wallanlagen park area to the north. The Hochstraße includes several listed buildings from the Gründerzeit era. It also notably includes the Sofitel Frankfurt Opera five star plus luxury hotel and the Hilton Frankfurt City Centre hotel, both facing the Wallanlagen park from opposite ends. The street also has a number of high-end shops, restaurants, select residential buildings and office buildings, mainly for financial institutions. The Hochstraße has a few smaller adjacent streets, including the pedestrian streets Kleine Hochstraße and Kaiserhofstraße, which both lead to the Freßgass main street around hundred meters down the street, and the Börsenstraße (Stock Exchange Street), which leads to the Frankfurt Stock Exchange 50 metres away from the Hochstraße. The street is also located in close proximity to numerous large financial institutions. The Hochstraße is traditionally considered one of the most fashionable streets in Frankfurt, and the street has in recent years regained this position through major developments, particularly the construction of the widely praised Sofitel Frankfurt Opera hotel in a neo-historicist style as a dominant feature of the street.

Sofitel Frankfurt Opera
Sofitel Frankfurt Opera

Sofitel Frankfurt Opera is a luxury hotel in Frankfurt, Germany. It is part of the French Sofitel chain of luxury hotels, and is located in the Opera Quarter and in the centre of the central business district known unofficially as the Bankenviertel (Banking District), in the Inner City district. The hotel is facing the Opera Square with the Old Opera on one side, the upmarket street Hochstraße on another side and the Wallanlagen park on the third side. The main entrance of the hotel is directly facing the Wallanlagen park, and the hotel also has entrances from the Opera Square and Hochstraße. The hotel is located in the immediate vicinity of the Frankfurt Stock Exchange, numerous other financial institutions, and some of Germany's most well-known high-end shopping streets, e.g. Goethestraße and Freßgass. Its Hochstraße front faces the short upmarket pedestrian streets Kleine Hochstraße and Kaiserhofstraße, with several restaurants and high-end shops and which both lead to the Freßgass a hundred meters down the street. The Freßgass and the Goethestraße can also be reached from the Opera Square. The hotel was built in a neohistoricist style between 2011 and 2016 after extensive public discussion and is scheduled to officially open in Autumn 2016. The hotel is targeted at highly wealthy individual customers as well as corporations. The building complex includes office spaces and conference facilities, a ballroom, 150 hotel rooms, 30 suites, one presidential suite, apartments for rent, a gourmet restaurant named Schönemanns (after the Frankfurt banking family to which Goethe's fiancée Lili belonged), a bar, select high-end shops, a fitness studio and an underground parking garage.The hotel's soft opening took place on 20 October 2016, with French Prime Minister Manuel Valls, French Culture Minister Audrey Azoulay and Frankfurt Lord Mayor Peter Feldmann in attendance.The hotel manager is Steffen Opitz.