General Council (Generalrat), State Commissioner,
Governing Board (Direktorium), Personnel Changes,
Organizational Structure of the Bank
General Council (Generalrat),State Commissioner
Governing Board (Direktorium),Personnel Changes
Organization Chart
Report of the Governing Board (Direktorium)
for the Financial Year 1998
From the Schilling to the Euro
Austria’s Path toward an Integrated Monetary Policy in Europe
Preparations for Monetary Union at the European Level
EMU Preparations in Austria
The Introduction of the Euro and Public Relations
Monetary Policy within the ESCB
Monetary Policy Strategy
Monetary Policy Instruments
The OeNB within the ESCB – Institutional and Functional Changes
Distribution of Tasks Between the ECB and the National Central Banks
Amendment of the Nationalbank Act
Functional Changes and Their Impact on Various Business Areas
Monetary Policy in Austria in Transition to EMU
General Setting for Austrian Monetary Policy
Austria’s Stable Schilling Policy on the Eve of the Introduction of the Euro
Interest Rate and Liquidity Policy
Development of the Monetary Aggregates
Payment Systems Policy,Payment Systems,Means of Payment
Financial Markets and Financial Intermediaries
Changes to Legal and Economic Conditions
Credit Institutions
Insurance Companies, Pension Funds, Investment Funds,
Home Loans and Savings Institutions
Equity Market, Bond Market
Derivatives
International Activities
Developments in the European Union
Developments in International Financial and Economic Organizations
Developments in Central and Eastern Europe
and in the Russian Federation
Selected Central and Eastern European Countries
Russian Federation
OeNB Cooperation with Central and Eastern European Countries
Organizational and Corporate Policy Developments at the OeNB
1998 Annual Accounts of the Oesterreichische Nationalbank
Balance Sheet as at December 31,1998
Profit and Loss Account for the Year 1998
Annex to the 1998 Annual Accounts
General Comments
Notes to the Balance Sheet
Notes to the Profit and Loss Account
Governing Board (Direktorium), General Council (Generalrat)
Auditors’ Opinion
Retained Earnings and Proposal for Appropriation
Report of the General Council (Generalrat) on the 1998 Annual Report and the Annual Statement of Accounts
Tables
Contents