General Council (Generalrat), State Commissioner, Governing Board (Direktorium) and 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) on the Financial Year 2003
Prices Stable as the Cyclical Upswing Got under Way
Forward-Looking Monetary Policy Kept Inflation Low
Subdued Euro Area Economic Activity Rebounded toward the End of 2003
New Challenges for European Budgetary and Structural Policy
Institutional Challenges in the ESCB/Eurosystem
Economic Recovery Gained a Foothold in Austria
Domestic Demand Bolstered Upturn against the Background of Stable Prices
Marginal Deficit on Current Account
Record High for Austrian Households’ Financial Assets – Demand for Funding Subdued despite Low Interest Rates
Austria’s Budget Deficit below the Euro Area Average
Significant Structural Reforms Launched
EU Enlargement to Provide Austria with a Significant Economic Impetus
EU Enlargement Approved
EU Accepts Ten New Member States
Preparations of the ESCB for EU Enlargement
Progress of European Integration
The OeNB Plays an Important Role in Integrating the New Member States
Monetary Policy Implementation and Foreign Reserve Management Ensure Market Proximity
The OeNB and Austrian Banks – Effective Partners in Monetary Policy Operations
Efficient Reserve Management despite Difficult Market Conditions
The OeNB’s Proactive Role in Maintaining Financial Stability
IMF Gives Positive Assessment of Austrian Financial Market
Initiatives to Strengthen the Financial System
Austrian Financial Sector Posts Improved Results
The OeNBs Active Contribution to Supervision
The OeNB as an Acknowledged Dialogue Partner in the Basel II Process
Dynamic Developments in Payment Systems, Austrians Have Become Experienced Euro Cash Users
The OeNB Plays Leading Role in Cashless Payments
Ensuring Banknote Integrity
Building Confidence through Transparency and Dialogue
The Media – Partners in the OeNB’s External Communications
Versatile Communication Policy Tools Foster Public Dialogue
Efficient Customer-Oriented Corporate Governance
The OeNB’s Tasks and Strategic Development
Continued Optimization of Organizational Processes
Reorganization of OeNB Branch Offices
The OeNB’s Subsidiaries in Payment Systems Services
The OeNB Promotes Science, Research and Culture
Financial Statements of the Oesterreichische Nationalbank for the Year 2003 Balance Sheet as at December 31, 2003
Profit and Loss Account for the Year 2003
Notes to the Financial Statements 2003
General Notes to the Financial Statements
Realized Gains and Losses and Revaluation Differences and their Treatment in the Financial Statements of December 31, 2003
Key for Subscription to the ECB’s Capital
Capital Movements
Development of the OeNB’s Currency Positions in the Business Year 2003
Notes to the Balance Sheet
Notes to the Profit and Loss Account
Governing Board (Direktorium), General Council (Generalrat)
Report of the Auditors
Profit for the Year and Proposed Profit Appropriation
Report of the General Council (Generalrat) on the Annual Report and the Financial Statements for 2003
Publications
Periodical Publications
Selected Publications of the OeNB in 2002 and 2003