The State Bank and Savings Fund (French: Banque et Caisse d'Épargne de l'État), also known by its Luxemburgish name Spuerkeess (lit. 'Savings Bank'), is the leading national financial institution founded in 1856 and governed by the law of March 24, 1989.Spuerkees was founded by Grand Duke William III as "Caisse d'Épargne de l'État du Grand-Duché de Luxembourg" due to a Law on February 21, 1856. The board of directors had three members and had their first meeting on August 18, 1859 under the presidency of Professor Nicolas Martha.