At today’s meeting, the Executive Board of the Deutsche Bundesbank decided on the following distribution of responsibilities, which will take effect immediately. President Dr Weidmann will assume the responsibilities of the departing president, Professor Weber. All other responsibilities will remain unchanged.

President Dr Jens Weidmann

• Communications
• Audit
• Economics
• Research Centre

Vice-President Professor Franz-Christoph Zeitler

• Banking and Financial Supervision
• Legal

Dr hc Rudolf Böhmler

• Controlling, Accounting and Organisation
• Human Resources
• Administration and Premises
• Training Centre

Dr Andreas Dombret

• Financial Stability
• Statistics
• Risk Controlling

Dr Joachim Nagel

• Information Technology
• Markets

Carl-Ludwig Thiele

• Cash Management
• Payments and Settlement Systems

Vice-president Professor Zeitler continues to deputise for the president of the Deutsche Bundesbank on the Governing Council of the ECB.