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Bank for International Settlements

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  • Anonymous

Abstract

The twenty-eighth annual report of the Bank for International Settlements covering the financial year from April I, 1957, to March 31, 1958, was submitted to the annual general meeting of the Bank held at Basle on June 9, 1958. Details of the results of the year's business operations were given, together with a review of the current activities of the Bank and an analysis of the balance sheet as of March 31, 1958. The year was characterized by a stabilization of the resources at the disposal of the Bank at the high level reached the previous year and by a further increase in the volume of its operations. The financial year closed with a surplus of 19,317,738 gold francs, against 16,014,462 gold francs for the previous year; the net profit amounted to 9,317,738 gold francs, compared with 8,212,987 for the preceding year. The board of directors of the Bank recommended that the general meeting should declare a dividend of 6 percent.

Suggested Citation

  • Anonymous, 1958. "Bank for International Settlements," International Organization, Cambridge University Press, vol. 12(4), pages 554-555, October.
    • Handle: RePEc:cup:intorg:v:12:y:1958:i:4:p:554-555_19
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    Cited by:

    1. Singleton,John, 2010. "Central Banking in the Twentieth Century," Cambridge Books, Cambridge University Press, number 9780521899093, October.
    2. Michael Michaely, 1971. "Italy," NBER Chapters, in: The Responsiveness of Demand Policies to Balance of Payments: Postwar Patterns, pages 141-155, National Bureau of Economic Research, Inc.
    3. Michele Fratianni & John Pattison, 2001. "Review Essay: The Bank for International Settlements: An Assessment of its Role in International Monetary and Financial Policy Coordination," Open Economies Review, Springer, vol. 12(2), pages 197-222, April.
    4. M. Ayhan Kose & Naotaka Sugawara & Marco E. Terrones, 2020. "Global Recessions," Working Papers 162, Peruvian Economic Association.
    5. Bernard Shull, 2014. "Financial Crisis Resolution and Federal Reserve Governance: Economic Thought and Political Realities," Economics Working Paper Archive wp_784, Levy Economics Institute.

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