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 🇺🇸 Today Forex Market News :  What Is the Bundesbank?The Bundesbank, or Deutsche Bundesbank, is the central bank of Germany and is the equivalent of the U.S. Federal Reserve. It is located in Frankfurt, Germany, and it has a group of nine regional offices throughout the country—in Berlin, Dusseldorf, Frankfurt am Main, Hamburg, Hanover, Leipzig, Mainz, Munich, and Stuttgart.12 Like most central banks worldwide, the Deutsche Bundesbank oversees the nation's banking system and monetary policy. However, because it operates as part of the European System of Central Banks using the euro as its currency, the Bundesbank functions in some respects similarly to the regional branch banks of the Federal Reserve System, rather than a truly independent central bank. The Bundesbank participates in European Central Bank monetary policy decision making, and that policy in Germany, but does not set its own independent monetary policy.3