Theses on the Co-Operative Bank (November 1922)

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The question of the Co-operative Bank was discussed at a meeting of the Politbureau attended by Lenin on November 2, 1922. The Politbureau passed the following decision: “The following theses of Comrade Lenin should be referred as a basis to a committee, which is directed to submit to the Politbureau a written report on fulfilment."

The document published in this volume contains Lenin’s note: “Keep for my talk with Khinchuk” (L. M. Khinchuk was Chairman of the Board of Centrosoyuz.—Ed.).

1) Premiums for size of transactions and uyezd coverage;

2) ditto—deposits;

3) participation in the bank of leading agricultural communist co-operators for purposes of control and drive;

4) stimulation of the Co-operative Bank by the State Bank by way of reduced %;

5) allocation of a certain sum by the State Bank.