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Annual Report 2005
Complete Annual ReportComplete Annual Report [728 kb]
PrefacePreface [42 kb]
Accountability Report for the Federal AssemblyAccountability Report for the Federal Assembly [373 kb]
Summary
 1.
Monetary policy
 1.1.
Monetary policy strategy
 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.
Distribution of proceeds from gold sales [with no effect on liquidity]
 2.5.
Emergency liquidity assistance
 2.6.
Minimum reserves
 3.
Ensuring the supply of cash
 3.1.
Organisation of cash distribution
 3.2.
Banknotes
 3.3.
Coins
 4.
Facilitating and securing cashless payment transactions
 4.1.
Facilitating cashless payment transactions
 4.2.
Oversight of payment and securities settlement systems
 5.
Asset management
 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.
Publication of a financial stability report
 6.2.
New Basel Capital Accord
 6.3.
Legislation relevant to the financial market
 7.
Involvement in international monetary cooperation
 7.1.
International Monetary Fund
 7.2.
Group of Ten
 7.3.
Bank for International Settlements
 7.4.
OECD
 7.5.
Monetary assistance loans
 7.6.
Technical assistance
 8.
Banking services for the Confederation

Business ReportBusiness Report [152 kb]
 1.
Legal framework
 1.1.
Agreement on distribution of proceeds from gold sales
 1.2.
Cosa initiative and indirect counter-proposal
 2.
Organisation and tasks
 3.
Corporate governance
 4.
Personnel, resources and bank management
 4.1.
Human resources
 4.2.
Resources
 4.3.
Supervisory and management bodies
 5.
Business performance
 5.1.
Financial result
 5.2.
Provisions prescribed in the National Bank Act
 5.3.
Profit distribution
 5.4.
Currency reserves

Financial ReportFinancial Report [194 kb]
 1.
Income statement and appropriation of profit for 2005
 2.
Balance sheet as at 31 December 2005
 3.
Changes in equity capital
 4.
Notes to the accounts as at 31 December 2005
 4.1.
Accounting and valuation principles
 4.2.
Foreign currency exchange rates and gold price
 4.3.
Notes to the income statement and balance sheet
 4.4.
Notes regarding off-balance-sheet business
 4.5.
Risks posed by financial instruments

Proposals of the Bank Council to the General Meeting of ShareholdersProposals of the Bank Council to the General Meeting of Shareholders [60 kb]
Report of the Audit Board to the General Meeting of ShareholdersReport of the Audit Board to the General Meeting of Shareholders [38 kb]
Selected informationSelected information [129 kb]
 1.
Chronicle of monetary events in 2005
 2.
Supervisory and management bodies, Regional Economic Councils
 3.
Organisational chart
 4.
Publications
 5.
Addresses
 6.
Rounding conventions and abbreviations