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Home / Information about / Publications / Annual report
Annual Report 1998
Complete Annual ReportComplete Annual Report [760 kb]
ForewordForeword [71 kb]
Review of economic developmentsReview of economic developments [207 kb]
 1.
International developments
 1.1.
Real economic performance
 1.2.
European Integration
 1.3.
Monetary policy
 1.4.
Fiscal policy
 1.5.
Foreign exchange markets
 1.6.
Financial markets
 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 [125 kb]
 1.
Concept
 2.
Implementation
 3.
Reform of the monetary constitution
 4.
Draft of a Federal law on currency and payment instruments

Financial relations of the Swiss National Bank in the Second World WarFinancial relations of the Swiss National Bank in the Second World War [125 kb]
 1.
Switzerland's gold transactions during the Second World War
 2.
Class action against the National Bank

Other central bank functionsOther central bank functions [147 kb]
 1.
Investment of assets
 1.1.
Fundamentals
 1.2.
Foreign exchange investments
 1.3.
Investment of domestic securities
 1.4.
Gold lending
 1.5.
Risk management
 2.
Payment transactions
 2.1.
Basis
 2.2.
Provision of currency
 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 Department of Finance
 5.2.
Cooperation with the Federal Banking Commission
 6.
International cooperation
 6.1.
Cooperation in the International Monetary Fund
 6.2.
Cooperation in the Group of Ten
 6.3.
Balance of payments aid
 6.4.
Cooperation with the Bank for International Settlements
 6.5.
Technical assistance and specialist training

Structure and organisation of the Swiss National BankStructure and organisation of the Swiss National Bank [96 kb]
 7.
Organisation
 8.
Staff and resources
 9.
Changes in the supervisory authorities and bank management

Financial reportFinancial report [219 kb]
 1.
Income statement for the year 1998
 2.
Balance sheet as of 31 December 1998
 3.
Notes to the accounts as of 31 December 1998
 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 [54 kb]
Tables and statistical dataTables and statistical data [122 kb]
 1.
Business results since 1988
 2.
Summary of balance sheets since 1988
 3.
Supervisory and executive bodies
 4.
Publications