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Report for the Year 1974 Deutsche Bank Akticngesellsc Haft Contents

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Report for the Year 1974 Deutsche Bank Akticngesellsc Haft Contents Report for the Year 1974 Deutsche Bank Akticngesellsc haft Contents Agenda for the Ordinary General Meeting ........................ 5 Supervisory Board .......................................... 6 Advisory Board ............................................ 8 Board of Managing Directors .................................. 9 Managers ................................................ 10 Reports of the Board of Managing Directors Econornic Survey .......................................... 11 Our Bank's Business ........................................ 27 Our Staff ................................................ 43 Notes on the Statement of Accounts for the Year .................. 51 Growth of Capital and Reserves ................................ 63 Report of the Supervisory Board .............................. 65 Statement of Accountsfor 1974 Balance Sheet ............................................ 68 Profit and Loss Account ...................................... 70 The Growth of the Balance Sheet from January 1. 1952 to December 31. 1974 ...................................... 72 Report of the Group forthe Year 1974 Report of the Group ........................................ 79 Consolidated Balance Sheet .................................. 90 Consolidated Profit and Loss Account .......................... 94 Appendices List of the Deutsche Bank's Investments in Subsidiaries and Associated Cornpanies ................................ 99 Security Issuing and other Syndicate Transactions as well as Introductions on the Stock Exchange .......................... 103 Regional Advisory Councils .................................. 107 List of Branches ............................................ 127 Holdings in Gerrnan Banks .................................... 132 Our Bases throughout the World .............................. 133 Agenda for the Ordinary General Meeting to be held at 10 a. m. on Friday, May 23, 1975 in Saal 3 of the Congress Centrum Hamburg (CCH), Am Dammtor, Hamburg 36. 1. Presentation of the established Statement of Accounts and the Report of the Board of Managing Directors for the year 1974, together with the Report of the Supervisory Board. Presentation of the Consolidated Statement of Accounts and the Report of the Group for the year 1974. 2. Resolution on the appropriation of profits. 3. Ratification of the actsof management of the Board of Managing Directors for the vear 1974. 4. Ratification of the actsof management of the Supervisory Board for the year 1974. 5. lncrease of the capital of DM 720 million by DM 180 million to DM 900 million, by the issue of new shares with dividend rights as from Jariuary 1, 1975 at the price of DM 175 per share of DM 50 par value. The underwriting credit institutions are obliged to offer the new shares to the shareholders in the ratio of one new share for every four shares held at the price of DM 175 per share of DM 50 par value. Authorisation of the Board of Managing Directors to stipulate all furthcr details in agreement with the Supervisory Board. Amendment of 5 4 subpara (1) and (2)of the Articles of Associatiori. 6. lntroduction of maximum voting rights (amendment of 5 18 subpara. (1) of the Articles of Association to the effect that no shareholder tnay hold more voting rights than are conferred by shares with a total par valiie eqciivalent to 5% of the share capital). 7. Election of the auditor for the vear 1975. Supervisory Board Hermann J. Abs, Frankfurt (Main), Chairman Hans L. Merkle, Stuttgart, Deputy Chairman Chairman of the Management of Robert Bosch GmbH Heinz Osterwind, Frankfurt (Main), Deputy Chairman Ottmar Baumgärtner, Frarikfurt (Main)" Deutsche Bank AG Professor Dr. J. R. M. van den Brink, Amsterdam Chairman of the Supervisory Board of AKZO N. V. -. -- .. Partner and Managing Director of Friedrich Flick KG Jörg A. Henle, Duisburg Partner and Managing Director of Klöckner & Co. Dr.-lng. E. h. Heinz P. Kemper, Düsseldorf Chairman of the Supervisory Board of VEBA AG Alfred Kistenmacher, Hamburg* Deutsche Bank AG Werner Leo, Düsseldorf * Deutsche Bank AG Dipl.-lng. Dr.-lng. E. h. Helmut Meysenburg, Essen Dr. h. C. Herbert Quandt, Bad Homburg V. d. Höhe Industrialist, Chairman of the Board Winter Flick Schmitz-Karhoff of Managirig Dircctors of VARTA AG von Siemens Meysenburg vari den Brink Dr. Siegfried Weber, Hamburg" Henle Fabricius Kernper Leo Quandt *elected hy ths staft Advisory Board Professor Dr. Kurt Hansen, Leverkusen, Chairman Chairman of the Supervisory Board of Bayer AG Otto Wolff von Amerongen, Köln, Deputy Chairman Chairman of the Board of Managirig Directors of Otto Wolff AG Wilfrid Baumgartner, Paris Honorary President of Rh6ne-Poulenc S. A. Dr. Horst Brandt, Frankfurt (Main) Member of the Board of Managing Directors of Allgemeine Elektricitäts-Gesellschaft AEG-TELEFUNKEN Paul Hofmeister, Hamburg Chairman of th~:Board of Managing Directors of Norddeiitsche Affinerie Dr. Heribald Närger, München Member of the Board of Managing Directors of Siemens AG Dr. Egon Overbeck, Düsseldorf Chairman of the Board of Managing Directors of Maniiesmann AG Dr. Wolfgang Schieren, München Chairman of the Board of Managing Directors of Allianz Versicherungs-AG Professor Dr. phil. nat., Dr.-lng. E. h. Dr. rer. nat. h. C. Bernhard Timm, Ludwigshafen (Rhein) Chairman of the Supervisory Board of BASF AG Casimir Prinz Wittgenstein, Frankfurt (Main) Depiity Chairman of the Board of Managing Directors of Metallgesellschaft AG Professor Dr. Joachim Zahn, Stuttgart-Untertürkheim Chairman of the Board of Managing Directors of Daimler-Benz AG Board of Managing Directors Horst Burgard F. Wilhelm Christians Robert Ehret Hans Feith Wilfried Guth Alfred Herrhausen Andreas Kleffel Hans Leibkutsch Klaus Mertin Hans-Otto Thierbach Franz Heinrich Ulrich Wilhelm Vallenthin Eckart van Hooven, Deputy Assistant Managers Managers General of the of the Regional Head Branches Managers Central Offices Werner Blessing Frankfurt Central Office Bielefeld Hannover Dr. Siegfried Gropper Georg Behrendt Ernst Cremer Wolfgang Büsselberg Dr. Siegfried Jensen Dr. Helmilt Bendig Dr. Lothar Gruss Dr. Heyko Linnemann Christoph Könneker Michael von Brentano Claus Hinz Werner Rissmann Hilmar Kopper Dr. Rolf-Ernst Breuer Oskar Klose Dr. Dieter Wefers Heinrich Kunz Robert Dörner Ulrich Stucke Hans Witscher Ernst H. Plesser Helmut Eckermann Lothar Zelz Köln Hans-Kurt Scherer Dr. Klaus Gaertner Bremen Dr. Walter Barkhausen Dr. Winfricd Werner, Dr. Peter Grasnick Dr. Roland Bellstedt Dr. Franz von Bitter Chief Syndic Rudolf Habicht Hans-Henning von Bülow Dr. Karl-Heinz Böhringer Dr. Karl Friedrich Woeste Dr. Walter Hook Peter Hartmann Karl-Heinz Fink Dr. Herbert Zapp Dr. Ulrich Hoppe Dr. Wolfgang-Dieter Lange Heinz Jürgens Düsseldorf Gerhard Junker Wolfgang Möller Mainz Paiil Körtgen Hans Müller-Grundschok Dr. Jan Hiemsch Ernst Georg Kummer Jurgen Paschke Dr. Hans Pütz Richard Lehmann Günter Seiigpiel Mannheim Dr. Walter Lippens Friedrich Stahler Karlheinz Albrecht Heinz Mecklenburg Dr. Riidiger Weber Dr. Hans Otto Mehl Dr. Fritz Lamb Dr. Hans Walter Schlöter Essen Karlheinz Reiter Dr. Ernst Schneider, Dr. Herbert F. Jacobs Heinz G. Rothenbücher Syndic Dr. Harry Leihencr Dr. Joachim Seidel Dr. Karl Schneiders Karlheinz Pfeffer München Dr. Georg Siara Dr. Theodor E. Pietzcker Dr. Siegfried Gropper Günter Sonnenburg Gunter M. Schwärzell Dr. Bernt W. Rohrer Hans Sprenzel Karl Ernst Thiemann Dr. Hans Schuck Dr. Ernst Taubner Dr. Wolfgang Tillmann Dr. Hans Sedlmayr Dr. Franz-Josef Trouvain Frankfurt Christian Vontz Stuttgart Dr. Ulrich Klaucke Dr. Ulrich Weiss Hellmut Balle Gottfried Michelmann Johann Wieland Norbert Elsen Dr. Hugo Graf von Waldei Fdorff Dr. Nikolaus Kunkel Dr. Karl-Heinz Wessel Düsseldorf Central Office Paul Leichert Erich Bindert Freiburg Wuppertal Dr. Theo Loevenich Dr. Günther Dietzel Dr. Hans Hinrich Asmus Dr. Hans-Joachim Panten Heinz Quester Hans Rosentalski Hans W. Stahl Wilhelm Schlaus, Hamburg Dr. Gerd Weber Syndic Christoph Könneker Dr. Werner Schwilling Hans-Kurt Scherer Rudolf Weber Dr. Hans-Dieter Bartels Dr. Harald P. Burchard Walter Fricsecke Heinrich Garbe Günther Hoops Johann Pfeiffer Claus Schatz Deutsche Bank at a glance 1974 1973 Balance sheet total ................ DM 50.3 bn. DM 46.3 bn. Volume of business ................ DM 50.8 bn. DM 47.0 bn. Volume of credit .................. DM 31.0 bn. DM 29.1 bn. Funds from outside sources ............ DM 46.5 bn. DM 42.8 bn. Own funds ..................... DM 2,269.0 m. DM 2,179.0 m. (after the 1975,capitalincrease) ........ (DM 2,899.0 m.) Earnings on the volume of business . Earnings from service transactions . Staff and material expenditure .... Taxes .................. Year's net earnings .......... Allocations to published reserves ... Total dividend payment ........ Dividend per share of DM 50 par value Shareholders .................... Customers (not incl. banks) ............ Staff ......................... Offices ....................... Group Balance sheet total ................ DM 78.7 bn. DM 66.4 bn. Volume of credit .................. DM 55.8 bn. DM 47.8 bn. Funds from outside sources ............ DM 73.3 bn. DM 61.8 bn. Staff ......................... 40,578 39,951 Offices ....................... 1,269 1,255 Report of the Board of Managing Directors Cyclical downswing Growth falls to almost zero In 1974 the economic clirnate in the Federal Republic In 1974, for the first time ever, GNP came close to DM of Germany cooled down steadily. Persistent cost infla- 1 trillion. It thus rose by a nominal 7%. cornpared with tion
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