Tsekombank
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The Central Bank of Public Utilities and Housing Construction (Russian: Центральный банк коммунального хозяйства и жилищного строительства), sometimes also referred to as Communal Economy Bank[1]: 886 and commonly as Tsekombank, was a significant component of the Soviet banking system from its establishment in 1925 to 1959, when it was merged with Prombank and Selkhozbank to form the Construction Bank of the USSR, known as Stroybank.
Like the Selkhozbank in agriculture, the Tsekombank was a mere conduit for budgetary appropriations and had no autonomy in its credit allocation.[1]: 886 The 1936 Constitution of the Soviet Union resulted in further centralization of housing construction financing at the Tsekombank.[2]
See also
Notes
- ^ a b George Garvy (December 1972), "Banking Under the Tsars and the Soviets", Journal of Economic History (32:4), Cambridge University Press: 869–893
- ^ "Housing in the USSR since 1917". U.S. Central Intelligence Agency. 2 June 1953.
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