as well as the Osthafen (East Harbour), was primarily chosen because of its large premises which allows the ECB to install safety arrangements without using high fences.
The City of Frankfurt honours the importance of the ECB by officially using the slogan "The City of the Euro" since 1998.
The German Federal Bank (Deutsche Bundesbank), located in Bockenheim, was established in 1957 as the central bank for the Federal Republic of Germany. Until the euro (�) was physically introduced in 2002, the Deutsche Bundesbank was responsible for the monetary policy of Germany and for the German currency, the Deutsche Mark (DM). The Bundesbank was greatly respected for its control of inflation through the second half of the 20th century. Today the Bundesbank is an integral part of the European System of Central Banks (ESCB) which is formed by all 27 European Union member states.
In 2010, 63 national and 152 international banks had a registered office in Frankfurt, including the headquarters of the major German banks, as well as 41 representative offices of international banks. Frankfurt is therefore well known as Bankenstadt ("City of the banks") and nicknamed "Mainhattan" (a portmanteau of the local Main river and Manhattan in New York City) or "Bankfurt". 73,200 people were employed at banks in Frankfurt in 2010.
Deutsche Bank is by far the largest commercial bank in Germany. It has a share in the market of 15 percent relating to private customers and total assets of �1,900 billion in 2010. Deutsche Bank ranks among the 30 largest banks in the world and the ten largest banks in Europe. Deutsche Bank is also listed in the DAX, the stock market index of the 30 largest German business companies at the Frankfurt Stock Exchange. In November 2010 Deutsche Bank bought the majority of shares of competitor Postbank. The Headquarters of Deutsche Bank are located at Taunusanlage in the financial district.
Commerzbank is Germany's second-largest
