Moscow National Bank

The bread remained staple of Russian exports. From its implementation depended on the state of economic conditions. With the successful implementation of the grain in Europe is declining deficit free loan capital, enlivened by turnover and credit. In this regard, the State Bank turns its attention to the creation of the state system of elevators. This system would help to minimize grain loss during transportation, which in Russia have been particularly palpable.

In the framework of state regulation of grain Campaign State Bank since 1910 began to build a network of silos and grain elevators. The State Bank has also contributed to the creation of the country's system of institutions small loan lending co-operatives, farmers and artisans. With his financial support and assistance throughout the country were established credit unions. Since 1904 the establishment of small loans have been placed under full control State Bank. Specially created Office of the small loan has been providing them with financial, consulting, audit and other assistance. Cooperatives received loans through a savings and loan and credit unions, and through lending to the State Bank was created in 1912, Moscow National Bank. The name of SY Witte connected another bright page in the history of the State Bank? monetary reform of 1895? 1897's. From memory of Sergei Yul'evich, it has been done with the personal approval of the Emperor Nicholas II, in spite of the negative opinion of the majority of senators. SY Witte recalled that the reform was fast and naturally without too much upheavals in society.