| I. CONSTANTLY |
II. FOR AN INDEFINITE PERIOD |
III. OCCASIONALLY |
IV. ALTOGETHER (Total) | ||
| 1st degree |
in 17 banks |
in 5 banks |
in 8 banks |
in 30 banks | |
| | |||||
| 2nd degree |
of which 9 participate in 34 others |
of which 5 participate in 14 others |
of which 14 participate in 48 others | ||
| | |||||
| 3rd degree |
of which 4 participate in 7 others |
of which 2 participate in 2 others |
of which 6 participate in 9 others | ||
Included in the eight banks dependent in the first degree, there are three foreign banks: one Austrian and two Russian. Altogether, the Deutsche Bank group comprises, directly and indirectly, partially and totally, no less than 87 banks; and the sum total of capital—its own and others'—which it handles varies between two and three milliard marks.23
It is obvious that a bank at the head of such a group, and entering into relation with a half-dozen other groups, which yield little to it in magnitude, for big and profitable enterprises such as State borrowings, is no longer a mere intermediary for payment of transactions, but has reached the stage of being an alliance of a small number of monopolisers.
The following data, which we borrow in an abridged form from Riesser, will show how rapidly banking concentration was effected in Ger-
