1st edition. Original green printed paper wrappers, 16mo (small), 22 pages. In German. Statues of the Central Bank for the Promotion of Jewish Cooperatives in Lithuania. “Prior to the [First World] war, there were many Jewish credit co-operatives and loan and savings societies in Lithuania. After the war, the Jews did not initially deem it advisable to re-establish these societies because of the new currency and the difficulties involved in repaying old debts and collecting loans. But at the beginning of 1920, some banks were reorganized. The Kovno Folksbank started functioning in two rooms secured from the Jewish community on January 25, 1920, with a capital of 52,500 marks. Paid workers were not employed during the initial develop- ment of the institution which was open two evenings a week. By the end of 1921, the bank had 2,376 accounts. That year it had granted 2,657 loans totaling 10,235,824 marks. The Jewish credit co-operatives of Lithuania, known as People's Banks (Folksbenk), belonged to a Union (Farband fun di Yidishe Folksbenk). During the period of national Jewish autonomy in Lithuania, the credit co-operatives and the Central Bank flourished. In 1923, Joseph Marcus, representative of the JDC, obtained $50,000 for the People's Bank from the Lithuanian govern- ment, a sum equal to the JDC contribution. In Lithuania the Jewish banks, besides granting loans, also assisted producers' and consumers' co-operatives, and cultural and other activities. There was no lack of conflicts however. The local People's Bank of Schaulen complained that the Central Bank charged unbelievable interest for dead capitals.’ The People's Bank of Kovno, which had 4,500 clients, complained that the Central Bank had become a political weapon and did not take the needs of the people into consideration” [Szajkowski, "Reconstruction" vs. "Palliative Relief" In American Jewish Overseas Work (1919-1939) (Part II) Jewish Social Studies, Vol. 32, No. 2 (Apr., 1970), p. 114] SUBJECT(S): Banks and banking -- Lithuania. Jews Cooperative societies. -- Economic conditions. OCLC: 235472553. OCLC lists 3 copies worldwide (Harvard, NLI, Danish Royal Lib). Stamped “file” on frontcover, extraneous paper removed from rear cover, Very Good Condition. Scarce and historically important. (YID-43-23)