in different towns and cities of European Russia, Siberia, Far East and Caucasus, including Petrograd, Vladivostok, Perm, Tiflis (Tbilisi), Irkutsk, Samarkand, Tashkent and Bukhara. Bank agencies were established in London (1915) and New York City (1916). In 1916 the London agency was reorganized into a fully valid subsidiary. By 1917, the bank's own funds amounted to 4 million rubles. Reorganization The Moscow Narodny Bank was declared state property on the basis of the Decree of the All-Russian Central Executive Committee of December 14, 1917, on the nationalization of banks. By the Decree of the People's Commissariat of Finance of December 2, 1918, the Moscow Narodny Bank was nationalized with its transformation into a special cooperative department of the People's Bank of the RSFSR. On October 18, 1919, the London subsidiary was reorganized into an independent bank Moscow Narodny Bank Limited acting in accordance with English Law. Moscow Narodny Bank was announced to be in public ownership under the decree of the All-Russian Central Executive Committee of December 14, 1917, on bank nationalization. Nationalization of Moscow Narodny Bank was executed by the Executive Order of the People's Finance Committee of December 2, 1918, whereupon the bank was reorganized into a special cooperative department of the Narodny Bank of the Russian Soviet Federative Socialist Republic. References Further reading Defunct banks of Russia Banks of the Soviet Union Companies based in Moscow