In principle, the Economic Council consisted of three organs concentrated in Frankfurt am Main: the Exekutivrat (Executive Committee) as a second chamber with representatives of the eight Länder in the Bizone, the Direktoren der Verwaltung (Executive Directors) as quasi-ministers presiding over the five already existing administrations, and, finally, the actual Wirtschaftsrat as first post-war parliament.
The hangars in Laatzen, south of Hanover, were deemed suitable for this purpose, and so the Hanover Fair, then named Exportmesse 1947 was first held in 1947 to promote the economic recovery in the Bizone.