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Commonwealth Bank of Australia [i] (1912 - 1960)

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Established under the Fisher government's Commonwealth Bank Act 1911, the bank commenced operations in 1912.

During the 1920s and 1930s the bank's functions included those of a central bank. This was increasingly so during the 1940s and 1950s. In 1959 the Menzie's government enacted the Commonwealth Bank Act 1959 and the Reserve Bank Act 1959. These acts formally separated the central banking function from the Commonwealth Bank of Australia and came into effect in 1960.

The central bank functions transferred to the Reserve Bank of Australia and the Commonwealth Bank of Australia's name was changed to the Commonwealth Banking Corporation.

 
Sources used to compile this entry: Original data from D. Terwiel, S. P. Ville and G. A. Fleming, Australian Business Records: An Archival Guide, Canberra : Australian National University, Faculty of Economics and Commerce, Dept. of Economic History, 1998.
Related Entities for Commonwealth Bank of Australia [i]

Previous and Subsequent Entities

 1856 - 1865 Moreton Bay Savings Bank
 1861 - 1866 Ipswich Savings Bank
 1862 - 1867 Toowoomba Savings Bank
 1863 - 1908 Post Office Savings Bank of Western Australia
       1863 - 1926 Government Savings Bank of Western Australia
       1865 - 1916 Government Savings Bank of Queensland
       1882 - 1901 Post Office Savings Bank of Tasmania
             1901 - 1913 State Savings Bank of Tasmania
             1907 - 1931 Government Savings Bank of New South Wales
             1916 - 1920 Queensland Government Savings Bank
             1926 - 1931 State Savings Bank of Western Australia
                   1912 - 1960 Commonwealth Bank of Australia [i]
                         1960 - Reserve Bank of Australia
                         1960 - 1984 Commonwealth Banking Corporation
                               1984 - Commonwealth Bank of Australia [ii]

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Structure based on ISAAR(CPF) - click here for an explanation of the fields.Prepared by: Bruce A. Smith
Created: 1 December 1999
Modified: 12 September 2005

Published by Archive Research Consultancy, 1999-2006
Submit any comments, questions, corrections and additions
Updated: 3 December 2006
http://www.gabr.net.au/biogs/ABE0058b.htm

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