IDEAS home Printed from https://ideas.repec.org/a/cup/intorg/v17y1963i2p510-510_19.html
   My bibliography  Save this article

Bank for International Settlements

Author

Listed:
  • Anonymous

Abstract

The 32nd annual report of the Bank for International Settlements, covering the financial year from April 1, 1961, to March 31, 1962, was submitted to the annual general meeting of the Bank held in Basle on June 4, 1962. In his introduction, the General Manager of the Bank, Mr. Guillaume Guindey, reported that the accounts for the 32nd financial year closed with a surplus of 20,185,172 gold francs, as against 27,324,105 gold francs for the previous year. The reduction in the volume of gold transactions handled accounted for the greater part of the decline in the year's earnings. After deduction of 7,500,000 gold francs was transferred to the provision for contingencies, the net profit amounted to 12,685,172 gold francs, compared with 14,974,105 gold francs for the preceding year. The annual general meeting decided to distribute a dividend of 37.50 gold francs per share. In view of the results for the financial year 1961–1962, the meeting also decided that, as an exception measure, a lump sum of 4.5 million gold francs should be applied in the forthcoming year to the further reduction of the amount of the undeclared cumulative dividend.

Suggested Citation

  • Anonymous, 1963. "Bank for International Settlements," International Organization, Cambridge University Press, vol. 17(2), pages 510-510, April.
  • Handle: RePEc:cup:intorg:v:17:y:1963:i:2:p:510-510_19
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S0020818300033944/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Plantin, Guillaume & Shin, Hyun Song, 2018. "Exchange rates and monetary spillovers," Theoretical Economics, Econometric Society, vol. 13(2), May.
    2. Svensson, Lars E O, 1997. "Optimal Inflation Targets, "Conservative" Central Banks, and Linear Inflation Contracts," American Economic Review, American Economic Association, vol. 87(1), pages 98-114, March.
    3. Singleton,John, 2010. "Central Banking in the Twentieth Century," Cambridge Books, Cambridge University Press, number 9780521899093, October.
    4. Kelber, A. & Monnet, E., 2014. "Macroprudential policy and quantitative instruments: a European historical perspective," Financial Stability Review, Banque de France, issue 18, pages 151-160, April.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:intorg:v:17:y:1963:i:2:p:510-510_19. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/ino .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.