of war burdens, compensation for National Socialist injustices, and unresolved property issues in eastern Germany Directorate-General VII (Financial Market Policy): Manages the federal debt, including issuance of securities for financial markets and private investors which ensure the budgeted volume of credit is obtained when needed and at market rates. Also responsible for the Bundesbank and the European Central Bank. Shapes the legal framework for financial markets through its capital market policy and exercises legal supervision over the German financial watchdog agency BaFin. Directorate-General VIII (Privatisation): Sets the policy for managing state holdings which is then undertaken by individual government departments. Operates a real estate institute that markets properties that the German Government no longer needs, and operates standardised facility management for federal properties. Directorate-General E (European Policy): Responsible for coordinating the German Government's European economic and financial policy under the EU Treaty. Subordinate agencies The federal ministry directly governs the following agencies: Higher federal authorities Federal Central Tax Office (BZSt) Federal Office of Central Services and Unresolved Property Issues (BADV) Federal Equalisation of Burdens Office (BAA) Federal Spirits Monopoly Administration (BfB) Intermediate and local authorities Customs Administration Customs Investigation Bureau (ZKA) 5 Federal finance offices 43 local customs offices 8 local customs investigation offices Other agencies Centre for Data Processing and Information Technology (ZIVIT) Training and Knowledge Centre (BWZ) Legally independent entities in the Ministry's wider portfolio include: Federal Financial Supervisory Authority (BaFin) Financial Market Stabilisation Fund (SoFFin) Federal Agency for Financial Market Stabilisation (FMSA) Institute for Federal Real Estate (BImA) Federal Institute for Special Tasks Arising from Unification (BvS) Federal Posts and Telecommunications Agency (BAnst PT) Federal Pensions Service for Posts and Telecommunications (BPS-PT) Posts and Telecommunications Accident Fund (UKPT) Museum Foundation for Posts and Telecommunications (MusStiftPT) Federal Ministers of Finance Political Party: See also German budget process References External links Official website Finance Germany Public finance of Germany