Eesti Pank Annual Report 1994

THE BOARD OF EESTI PANK

EXECUTIVE MANAGEMENT OF EESTI PANK

FINANCIAL COMMITTEE

BANKING SUPERVISORY COMMITTEE

COMMITTEE OF INFORMATION TECHNOLOGY

ORGANISATIONAL CHART OF EESTI PANK AS OF 31 DECEMBER 1994

EESTI PANK - 75

Tasks of Eesti Pank

ESTONIAN ECONOMY IN 1994

GENERAL FEATURES
Economic environment and sources of economic growth
Financing economic growth
Economic growth in 1994
Structural changes in the economy and employment
Changes in employment and the official unemployment 1993/1994
INFLATION
Reasons for inflation in a transition economy
Inflation factors
Inflation components
INCOME AND CONSUMPTION
Nominal and real income
Wages and salaries by industries
Real wage and its changes
Private consumption
GOVERNMENT SECTOR
Development of the fiscal system
Revenues and expenditures of the fiscal system
New tendencies in budget policy
Foreign loans
FOREIGN TRADE
OTHER CAPITAL FLOW

MONETARY POLICY SURVEY

Estonian monetary policy in 1994
The effectiveness of the monetary system

ESTONIAN FINANCIAL MARKET

Overnight market in 1994
Development of the market for Eesti Pank short-term certificates of deposit
The forwards and swaps of Eesti Pank
Capital markets in Estonia
Estonian Central Depository for Securities
Founding Estonian Export Credit Institution

ESTONIAN BANKING IN 1994

General trends on the banking market
Looking into the future

BANKING SUPERVISION

THE CRISIS OF EESTI SOTSIAALPANK AND EESTI TÖÖSTUSE ARENGU PANK
ORGANISATION OF BANKING SUPERVISION

Stricter requirements
Organisational changes
LEGISLATION AND NORMS
Law on Credit Institutions
Improving the banking regulations
Institutional subordination of the banking supervision
INTERNATIONAL COOPERATION IN BANKING SUPERVISION

CASH

Breakdown of cash issued as of 30 December 1994
Movement of cash
Activities of the Money Laboratory of Eesti Pank in 1994

SETTLEMENTS

Settlements within Estonia
International settlements

RELATIONS WITH INTERNATIONAL ORGANISATIONS


ANNUAL ACCOUNTS OF EESTI PANK for the Financial Year Ended 31 December 1994

BALANCE SHEET OF EESTI PANK
PROFIT AND LOSS ACCOUNT OF EESTI PANK
NOTES TO THE FINANCIAL STATEMENTS OF EESTI PANK

STATISTICAL APPENDIX