Creation of the Caisse des dépôts et consignations
- When
- 28 April 1816
- Where
- Paris
Louis XVIII established the Caisse des dépôts et consignations on 28 April 1816, succeeding the liquidated Caisse de garantie et d'amortissement.
The founding law of 28 April 1816 created the Caisse des dépôts et consignations as a special body to administer deposits, consignments, and pension funds. It was the brainchild of Finance Minister Louis-Emmanuel Corvetto, arising in a context of government debt distress after the Hundred Days turmoil of 1815 and of Louis XVIII's distrust of the Bank of France given its Napoleonic baggage. It succeeded the Caisse de garantie et d'amortissement, created by Napoleon and liquidated in 1816 following his demise.
Sources
- Caisse des dépôts et consignations Wikipedia, revision of 2026-07-15
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