United Reserve Bank

The United Reserve Bank, sometimes referred to as Federal Reserve Bank or Federated Reserve Bank (Chinese: 中國聯合準備銀行), was the central bank of the Japan-supported Provisional Government of the Republic of China (1937–1940) that governed North China in the early years of the Second Sino-Japanese War, and then of its successor the North China Political Council [zh] led by Wang Kemin.

Based in Peiping,^[4] it operated between March 1938 and August 1945.^[5]^: 512 It was thus one of the "puppet" banks of issue established by the Japanese occupation forces, together with the Central Bank of Manchou (1932-1945), Mengjiang Bank (1937-1945), Huaxing Commercial Bank (1938-1941) and Central Reserve Bank (1941-1945).^[6]^: 6

^ "100 Yuan, Federal Reserve Bank of China, China, 1938". National Museum of American History. Retrieved 24 January 2025.
^ "5 yuan, Federal Reserve Bank of China, China, 1944". National Museum of American History. Retrieved 24 January 2025.
^ "The United Reserve Bank of China / Federal Reserve Bank of China". Chinese Numismatics in Research. Retrieved 24 January 2025.
^ "Federal Reserve Bank of China". The British Museum. Retrieved 24 January 2025.
^ Koichiro Ishihara (2005). Encyclopedia of Japanese Paper Money Collection. Gentensha.
^ Michell Li (May 2018), Inflation in Eastern China during the Second Sino-Japanese War (PDF), Johns Hopkins Institute for Applied Economics, Global Health, and Study of Business Enterprise