Following the outbreak of the war, the to Vaasa, which became the Whites' administrative capital. Senate Chairman Svinhufvud was unable to reach Vaasa until March. The financial affairs of the White administration were the responsibility of Finance Chief Juhani Arajärvi.
The Bank of Finland Executive Board in Vaasa comprised Karl Basilier, Jalo Järnefelt and Arthur Broberg. Governor, Clas von Collan was in Stockholm throughout the war.
The Executive Board was able to supervise the seven branches that remained under White control. The Bank's overseas assets also remained under its control.
The Senate was given a commitment by Finland's seven largest banks for unlimited credit for the restoration of order to the country. There was, however, a serious shortage of cash, as the banknote printing works and the Bank of Finland head office had come under the control of the Reds.
White Guards training in Vaasa. National Board of Antiquities and Historical Monuments.
Clas von Collan, chairman of the Board of the Bank of Finland. Bank of Finland.
J. W. Järnefelt, member of the Board of the Bank of Finland. Bank of Finland.
K. A. Basilier, member of the Board of the Bank of Finland. Bank of Finland.
Uno Broberg, member of the Board of the Bank of Finland. Bank of Finland.
The Vaasa branch. Bank of Finland.