The central bank of AH.com, established with the signing of the Banking and Finances Act by President Sargon on January 27, 2009. As of January 30, 2009, the Imperial Bank has no members and has not yet begun operations.
The powers of the Imperial Bank of AH.com are defined by Section 3, Paragraph A of the Banking and Finances Act:
The Imperial Bank is run by a Board of Directors consisting of ten Directors, the Chancellor of the Exchequer, and non-voting representatives of the AH.com territories. Directors are chosen by Parliament and then confirmed by a simple majority. The Chief Director is chosen from one of the already confirmed Directors and must be confirmed in that position by a 2/3 majority of Parliament.
Besides acting as the Chairman of the Board of Directors, the Chief Director is also the face of the bank, representing the Imperial Bank at all public and governmental events.
The Chancellor of the Exchequer is a member of the Cabinet of AH.com and head of the Office of the Treasury, appointed by the President and confirmed by Parliament. He or she is considered a “secondary member” of the Board, sitting in at all meetings and having the right to speak. The Chancellor does not normally have the right to vote on any decisions within the Board of Directors, but may cast a vote in the case of a tie.
Section 3, Paragraph D gives each AH.com territory the right to send a one representative to the Board of Directors who has speaking privileges, but no voting rights.