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Annual Report 1997
Complete Annual ReportComplete Annual Report [540 kb]
ForewordForeword
Review of economic developmentsReview of economic developments [170 kb]
 1.
International developments
 1.1.
Real economic performance
 1.2.
Monetary policy
 1.3.
Fiscal policy
 1.4.
Foreign exchange markets
 1.5.
Financial markets
 1.6.
European 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 [104 kb]
 1.
Concept
 2.
Implementation
 3.
Partial revision of the National Bank Law
 4.
Reform of the monetary constitution

Other central bank functionsOther central bank functions [140 kb]
 1.
Investment of assets
 1.1.
Fundamentals
 1.2.
Foreign exchange investments
 1.3.
Investment of domestic securities
 1.4.
Gold lending
 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
 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 Bank for International Settlements
 6.4.
Balance of payments aid
 6.5.
Technical assistance and specialist training
 6.6.
Relations with the Principality of Liechtenstein

Structure and organisation of the Swiss National BankStructure and organisation of the Swiss National Bank [84 kb]
 1.
Organisation
 2.
Staff and resources
 3.
Changes in the supervisory authorities and bank management

Financial reportFinancial report [172 kb]
 1.
Income statement for the year 1997
 2.
Balance sheet as of 31 December 1997
 3.
Notes to the accounts as of 31 December 1997
 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 [59 kb]
Tables and statistical dataTables and statistical data [105 kb]
 1.
Business results since 1987
 2.
Summary of balance sheets since 1987
 3.
Supervisory and executive bodies
 4.
Publications