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Annual Report 1996
Complete Annual ReportComplete Annual Report [342 kb]
ForewordForeword
Review of economic developmentsReview of economic developments [113 kb]
 1.
International developments
 1.1.
Real economic performance
 1.2.
Monetary policy
 1.3.
Fiscal policy
 1.4.
Financial markets
 1.5.
European monetary integration
 2.
Switzerland
 2.1.
Real economic performance
 2.2.
Fiscal policy
 2.3.
Financial markets

Monetary policy of the Swiss National BankMonetary policy of the Swiss National Bank [71 kb]
 1.
Concept
 2.
Implementation
 3.
Renewal of the note-issuing privilege
 4.
Comments on the draft of the new Federal Constitution

Other central bank functionsOther central bank functions [88 kb]
 1.
Asset management
 1.1.
Fundamentals
 1.2.
Foreign exchange investments
 1.3.
Domestic securities
 1.4.
Review of investment policy and profit distribution
 2.
Payment transactions
 2.1.
Basis
 2.2.
Provision of cash
 2.3.
SIC payment transactions
 3.
Statistical tasks
 4.
Services on behalf of the Confederation
 5.
Cooperation with federal agencies
 5.1.
Cooperation with the Federal Banking Commission
 5.2.
Cooperation with the Federal Department of Finance and the Commission for Economic Issues
 5.3.
Switzerland's financial relations in the Second World War
 6.
International cooperation
 6.1.
Cooperation in the International Monetary Fund
 6.2.
Cooperation in the Group of Ten
 6.3.
Cooperation with the BIS
 6.4.
Technical assistance and specialist training

Structure and organisation of the Swiss National BankStructure and organisation of the Swiss National Bank [60 kb]
 1.
Organisation
 2.
Staff and resources
 3.
Changes in the supervisory authorities and bank management

Financial reportFinancial report [122 kb]
 1.
Income statement for the year 1996
 2.
Balance sheet as of 31 December 1996
 3.
Notes to the accounts as of 31 December 1996
 3.1.
Explanatory notes on business activities
 3.2.
Accounting and valuation principles
 3.3.
Notes to the income statement
 3.4.
Notes to the balance sheet
 3.5.
Notes regarding off-balance-sheet business
 4.
Proposals of the Bank Council to the Annual General Meeting of Shareholders
 5.
Report of the Auditing Committee to the Annual General Meeting of Shareholders

Chronicle of monetary eventsChronicle of monetary events [46 kb]
Tables and statistical dataTables and statistical data [77 kb]
 1.
Business results since 1986
 2.
Summary of balance sheets since 1986
 3.
Supervisory and executive bodies
 4.
Publications