Swiss National Bank
Swiss National Bank HQ in Berne  

The Swiss National Bank (SNB), the central bank of Switzerland, is responsible for Swiss monetary policy and for issuing Swiss franc banknotes. It is a joint-stock company under special regulations. The SNB's share capital is CHF 25.0 million. It is divided into 100,000 registered shares with a nominal value of CHF 250 each. About 65% of shares are owned by public institutions like cantons and cantonal banks. The remaining shares are traded on the stock market. Swiss National Bank manages the official gold reserves of Switzerland, which amount to 1,040 tonnes as of December 2016. The Bank was established in 1907 and has two head offices in Berne and Zurich as well as representative offices in Basel, Geneva, Lausanne, Lucerne, Lugano and St Gallen. In April 2012, the Swiss Federal Council appointed Thomas Jordan to be the new Chairman of the Governing Board of the Swiss National Bank. From September 2011 to January 2015, the minimum exchange rate of CHF 1.20 per euro was the key monetary policy instrument of the Swiss National Bank. In January 2015, SNB decided to discontinue the minimum exchange rate to the euro. At the end of 2015, the Bank had total assets of CHF 640.2 billion and banknotes in circulation amounted to CHF 72.8 billion.

 Top 10 Countries with the Largest Gold Reserves

Rank Country Gold Reserves (tonnes)
1 United States 8,134
2 Germany 3,378
3 IMF 2,814
4 Italy 2,452
5 France 2,436
6 China 1,843
7 Russia 1,583
8 Switzerland 1,040
9 Japan 765.2
10 Netherlands 612.5

Zurich office:
Börsenstrasse 15
8022 Zurich
Phone number: +41 44 631 31 11
Fax: +41 44 631 39 11

Berne office:
Bundesplatz 1
3003 Berne
Phone: +41 31 327 02 11