PRESS RELEASE

The European Central Bank's Annual Report 2002

29 April 2003

Today the European Central Bank released its 2002 Annual Report. This Report has been prepared in accordance with Article 113 (3) of the Treaty and is being submitted to the European Parliament, the Council of the European Union, the European Commission and the European Council.

Following a foreword by Dr. Willem F. Duisenberg, President of the European Central Bank, and beside other tasks and activities it covers the following main subjects:

  • Economic developments and monetary policy
  • Central bank operations
  • Risk management
  • Economic developments in the other countries of the European Union
  • European and international co-operation
  • Enlargement of the European Union
  • Production and issue of banknotes
  • Payment and securities settlement systems
  • Financial stability and supervision
  • Statistical framework
  • Other tasks and activities
  • External communication and accountability
  • The institutional framework of the Eurosystem and the European System of Central Banks
  • Annual Accounts of the ECB and Consolidated Balance Sheet of the Eurosystem 2002

The Annual Report, produced in all 11 official Community languages, will be distributed by each of the EU national central banks to interested parties in their respective countries. Hardcopies are also available from the ECB at the address mentioned below. All language versions are published on the ECB's Website (periodical publications).

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