The Riksbank transfers SEK 4.1 billion to the Treasury

Date 09/02/2015

The General Council of the Riksbank has, in accordance with the Sveriges Riks-bank Act, submitted a proposal to the Riksdag (the Swedish parliament) re-garding the allocation of the Riksbank's profits for the financial year 2014. The General Council proposes that SEK 4.1 billion be transferred to the Treasury.

The amount of the proposal has been calculated in accordance with the guide-lines applied for the transfer of the Riksbank's profit since 1988. According to these guidelines, 80 per cent of the average profit over the last five years – fol-lowing certain adjustments – is transferred to the Treasury. The profit is calcu-lated excluding exchange rate and gold value effects, but including the price effects reported in the revaluation account on the balance sheet.

A detailed account of the calculation of the allocation of profits is presented in the Riksbank's submission to the Riksdag 2014/15:RB2 Förslag till disposition av Riksbankens vinst för räkenskapsåret 2014 samt riksbanksfullmäktiges verksamhetsberättelse 2014 (Proposal for the allocation of the Riksbank's prof-its for the financial year 2014 and the General Council's Annual Report 2014). The submission is available in Swedish only until 27 March 2015 when it will be published in English together with the Riksbank's Annual Report for 2014.