See also

• Bank regulation
• Basel III
• Continuous linked settlement
• Financial Stability Board
• Global financial system
• International Court of Justice
• League of Nations

References

1. 
   

"Board of Directors". www.bis.org/. Archived from the original on 22 April 2011. Retrieved 2011-04-14.

23. http://www.bis.org/list/cpmi/tid_57/

External links

Wikimedia Commons has media related to Bank for International Settlements.

• BIS website
• Global Banking: The Bank For International Settlements An analysis of the origins and functions of the BIS.
• The Money Club By Edward Jay Epstein, Harpers, 1983.
• Andrew Crockett statement to the IMF.
• An account of the use of reserve policy and other central bank powers in China at the Wayback Machine (archived February 4, 2012) By Henry C K Liu in the Asia Times.
• Banking with Hitler on YouTube, Timewatch, Paul Elston, producer Laurence Rees, narrator Sean Barrett (UK), BBC, 1998 (A video documentary about the BIS role in financing Nazi Germany)
• eabh (The European Association for Banking and Financial History e.V.)
• Bank for International Settlements in the Dodis database of the Diplomatic Documents of Switzerland

[show] v t e Central banks

Authority control	WorldCat Identities VIAF: 133372529 LCCN: n50081797 ISNI: 0000 0001 1188 4882 GND: 1003374-9 SUDOC: 02636025X BNF: cb118623487 (data) HDS: 13818

Categories:

• 1930 establishments in Switzerland
• Banks established in 1930
• Central banks
• International banking institutions
• International finance institutions
• Supranational banks

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"About BIS". www.bis.org. 2005-01-01. Retrieved 2016-03-17.

"About BIS". Web page of  Bank for International Settlements. Archived from the original on 14 May 2008. Retrieved May 17, 2008.

http://treaties.un.org/Pages/showDetails.aspx?objid=0800000280167c31

http://www.bis.org/about/index.htm?l=2

BIS History - Overview. BIS website. Retrieved 2011-02-13.

http://www.bis.org/publ/bisp03.htm

Kubu, E. (1998), Czechoslovak gold reserves and their surrender to Nazi Germany, In Nazi Gold, The London Conference, London: The Stationery Office, pp. 245-48.

Toniolo, G. (2005), Central Bank Cooperation at the Bank for International Settlements, New York-London: Cambridge University Press, pp. 245-52

United Nations Monetary and Financial Conference, Final Act (London et al., 1944), Article IV

Raymond Frech Mikesell. The Bretton Woods Debates: A Memoir. Princeton: International Finance Section, Dept. of Economics, Princeton University. p. 42. ISBN 0-88165-099-4. Retrieved 8 July 2013. Essays in International Finance 192 brief history of the BIS

A brief history of the BIS: http://www.bis.org/about/history_2ww2.htm.

Kaplan, J. J. and Schleiminger, G. (1989), The European Payments Union: Financial Diplomacy in the 1950s, Oxford: Clarendon Press

James, H. (2012), Making the European Monetary Union, The Role of the Committee of Central Bank Governors and the Origins of the European Central Bank, Cambridge-London: The Belknap Press of Harvard University Press

http://www.bis.org/press/p050601.htm

http://www.bis.org/banking/finserv.htm

Since 2004, the BIS publishes its accounts in terms of special drawing rights (SDRs) - previously, it used as currency the Gold Franc. One SDR is equivalent to the sum of USD 0.660, EUR 0.423, JPY 12.1 and GBP 0.111. The composition of the SDR currency basket is subject to review every five years by the IMF. See BIS Annual Report 2015 http://www.bis.org/publ/arpdf/ar2015e7.pdf

Find A Grave, Gates White McGarrah, Record added: April 17, 2008, Retrieved January 20, 2017.

"Functionaries of the Board of Directors".

"Raghuram Rajan elected as VC".

"Press release: BIS Board appoints Raghuram Rajan as Vice-Chairman".

http://www.bis.org/cpmi/info.htm?m=3%7C16%7C29

Vice-chairman

* President and chairman.
** None.
*** Position abolished on 27 June 2005.

Vice-chairman

This section needs expansion. You can help by adding to it. (November 2014)

Name	Nationality	Dates
Raghuram Rajan[20][21]	India	November 2015 – present

General managers

Name	Nationality	Dates
Jaime Caruana	Spain	April 2009 – present
Malcolm D. Knight	Canada	April 2003 – September 2008
Sir Andrew Crockett	United Kingdom	January 1994 – March 2003
Alexandre Lamfalussy	Belgium	May 1985 – December 1993
Gunther Schleiminger	Germany	1981 – May 1985
René Larre	France	1971–1981
Gabriel Ferras	France	1963–1971
Guillaume Guindey	France	1958–1963
Roger Auboin	France	1938–1958
Pierre Quesnay	France	1930–1938

Board of directors

• Mark Carney, London
• Agustín Carstens, Mexico City
• Luc Coene, Brussels
• Jon Cunliffe, London
• Mario Draghi, Frankfurt am Main
• William Dudley, New York
• Stefan Ingves, Stockholm
• Thomas Jordan, Zurich
• Klaas Knot, Amsterdam
• Haruhiko Kuroda, Tokyo
• Anne Le Lorier, Paris
• Fabio Panetta, Rome
• Stephen S Poloz, Ottawa
• Jan Smets, Brussels
• Alexandre A Tombini, Brasilia
• François Villeroy de Galhau, Paris
• Ignazio Visco, Rome
• Janet Yellen, Washington, D.C.
• Zhou Xiaochuan, Beijing

Red Books

One of the Group's first projects, a detailed review of payment system developments in the G10 countries, was published by the BIS in 1985 in the first of a series that has become known as "Red Books". Currently the red books cover the participating countries on Committee on Payments and Market Infrastructures (CPMI).^[22] A sample of the statistical data in the red book is shown in the table below where local currency is convert to US dollars using end of the year rates.^[23]

Banknotes and coin in circulation (12/31/2015)

Per Capita	Country	Billions of Dollars
$9,213	Switzerland	$76.31
$6,739	Japan	$856.55
$6,550	Hong Kong SAR	$47.98
$4,911	Singapore	$27.18
$4,433	United States	$1,424.92
$3,571	Euro area	$1,210.42
$2,320	Australia	$55.28
$1,708	Saudi Arabia	$52.99
$1,641	Canada	$58.78
$1,583	United Kingdom	$103.09
$1,460	Korea	$73.92
$872	Sweden	$8.59
$800	Russia	$117.05
$599	Mexico	$72.02
$458	Turkey	$36.06
$282	Brazil	$57.75
$195	India	$250.80
$113	South Africa	$6.15
$1,558	Average/Total	$4,535.84

The most notable currency not included in this table since 2009 is the Chinese yuan where statistics are listed "not available".
Sweden is a wealthy country without much cash per capita compared to other countries. Sweden has been steadily eliminating most of it's banknotes and coins over the past decades. According to the Red Books, the last year Sweden had more cash on a per capita basis than Korea was in 2013; United Kingdom and Saudi Arabia in 2012; Canada in 2008; Australia in 2006; Euro Area in 2002; and USA in 1992.

Financial results

Financial results

The balance sheet total of the BIS on 31 March 2015 was SDR 216.8 billion.^[17]

Members

The number of countries represented in each continent are: 35 in Europe, 13 in Asia, 5 in South America, 3 in North America, 2 in Oceania, and 2 in Africa. Sixty member central banks or monetary authorities of these countries:

Bank of Algeria Central Bank of Argentina Reserve Bank of Australia Austrian National Bank National Bank of Belgium Central Bank of Bosnia and Herzegovina Central Bank of Brazil Bulgarian National Bank Bank of Canada Central Bank of Chile People's Bank of China Bank of the Republic (Colombia) Croatian National Bank Czech National Bank National Bank of Denmark Bank of Estonia European Central Bank Bank of Finland Bank of France Deutsche Bundesbank

Bank of Greece Hong Kong Monetary Authority Hungarian National Bank Central Bank of Iceland Reserve Bank of India Bank Indonesia Central Bank of Ireland Bank of Israel Bank of Italy Bank of Japan Bank of Korea Bank of Latvia Bank of Lithuania Central Bank of Luxembourg National Bank of the Republic of Macedonia Bank Negara Malaysia Bank of Mexico De Nederlandsche Bank Reserve Bank of New Zealand Norges Bank

Central Reserve Bank of Peru Central Bank of the Philippines Narodowy Bank Polski Bank of Portugal National Bank of Romania Central Bank of the Russian Federation Saudi Arabian Monetary Agency National Bank of Serbia Monetary Authority of Singapore National Bank of Slovakia Bank of Slovenia South African Reserve Bank Bank of Spain Sveriges Riksbank Swiss National Bank Bank of Thailand Central Bank of the Republic of Turkey Central Bank of the United Arab Emirates Bank of England Federal Reserve System

Leadership

The first chairman was Gates W. McGarrah (20 July 1863 - 5 November 1940). In 1898 he became cashier of the Leather Manufacturers National Bank, succeeding to the presidency in 1902. The institution merged with the Mechanics National Bank in 1904 and McGarrah was chosen president. He headed this bank until its merger with the Chase National in 1926. He was the first Chairman of the Federal Reserve Bank of New York May 1925 through February 1930. August 30, 1924 he was appointed as the American director of the general council of the Reichsbank. He was a past president of the New York Clearing House Association.^[18]

Chairman of the board and president