Burkhard Balz: 40 years of the Deutsche Bundesbank's Representative Office in New York
Speech by Mr Burkhard Balz, Member of the Executive Board of the Deutsche Bundesbank, at the reception marking 40 years of the Representative Office of the Deutsche Bundesbank in the United States, New York City, 7 July 2026.
On 7 July 2026, Burkhard Balz, a member of the Executive Board at the Deutsche Bundesbank, celebrated 40 years of the Deutsche Bundesbank's Representative Office in New York City. The event brought together approximately 50 tall ships from around the world, including Germany's Gorch Fock sail training ship, marking the "Sail4th 250" parade.
The Bundesbank has had an independent Representative Office in New York since 1986, focusing on economic developments, interpreting them, and reporting back to Frankfurt. The office also maintains close relationships with the Federal Reserve System, US supervisory agencies, and private sector institutions. While some may question the necessity of a central bank's presence in the age of digitalization, Burkhard Balz emphasizes the importance of trust, reliable relationships, and personal connections, especially during times of crisis.
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