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Home / Information about / Publications / Annual report
Annual Report 2004
Complete Annual ReportComplete Annual Report [830 kb]
PrefacePreface [48 kb]
Accountability Report for the Federal AssemblyAccountability Report for the Federal Assembly [431 kb]

Summary
 1.
Monetary policy
 1.1.
Monetary policy concept
 1.2.
International economic developments
 1.3.
Economic developments in Switzerland
 1.4.
Monetary policy decisions
 1.5.
Statistical activities
 2.
Supplying the money market with liquidity
 2.1.
Regular instruments for steering the money market
 2.2.
Liquidity supply with the different facilities
 2.3.
Further monetary policy instruments
 2.4.
Emergency liquidity assistance
 2.5.
Cash liquidity and minimum reserves
 3.
Ensuring the supply of cash
 3.1.
Cash transactions
 3.2.
Banknotes
 3.3.
Coins
 4.
Securing cashless payment systems
 4.1.
Facilitating cashless payment transactions
 4.2.
Oversight of payment and securities settlement systems
 5.
Investment of assets
 5.1.
Basic principles
 5.2.
Investment and risk control process
 5.3.
Development of the asset structure
 5.4.
Investment risk profile
 5.5.
Investment performance
 6.
Contribution to financial system stability
 6.1.
Assessment of financial system stability
 6.2.
New Basel Capital Accord
 6.3.
Reform of securities legislation
 6.4.
Legislation relevant to the financial market
 7.
Involvement in international monetary cooperation
 7.1.
Participation in the International Monetary Fund
 7.2.
Participation in the Group of Ten
 7.3.
Cooperation with the Bank for International Settlements
 7.4.
Participation in the OECD
 7.5.
Monetary assistance loans
 7.6.
Technical assistance
 8.
Banking services for the Confederation

Business ReportBusiness Report [149 kb]
 1.
Legal framework
 1.1.
Entry into force of the new National Bank Act
 1.2.
New National Bank Ordinance
 1.3.
New Organisation Regulations of the National Bank
 1.4.
Federal Act on International Monetary Assistance
 1.5.
Appropriation of 1,300 tonnes of National Bank gold
 2.
Organisation and tasks
 3.
Corporate Governance
 4.
Personnel, resources and bank management
 4.1.
Human resources
 4.2.
Resources
 4.3.
Bank authorities, Regional Economic Councils and management
 5.
Business performance
 5.1.
Financial result
 5.2.
Provisions prescribed in the National Bank Act
 5.3.
Profit distribution
 5.4.
Share capital and reserve fund

Financial ReportFinancial Report [167 kb]
 1.
Income statement and appropriation of profit for 2004
 2.
Balance sheet as at 31 December 2004
 3.
Changes in equity capital
 4.
Notes to the accounts as at 31 December 2004
 4.1.
Accounting and valuation principles
 4.2.
Foreign currency exchange rates and gold price
 4.3.
Result from changes in the accounting principles [restatement]
 4.4.
Notes to the income statement and balance sheet
 4.5.
Notes regarding off-balance-sheet business
 4.6.
Assets by currency as at 31 December 2004

Proposals of the Bank CouncilProposals of the Bank Council [45 kb]
Report of the Audit BoardReport of the Audit Board [45 kb]
Selected informationSelected information [79 kb]
 1.
Chronicle of monetary events in 2004
 2.
Supervisory and management bodies, Regional Economic Councils
 3.
Organisational chart
 4.
Publications
 5.
Addresses
 6.
Rounding conventions and abbreviations