Compiled pursuant to the Federal Law on the Central Bank of the Russian Federation (Bank of Russia), the Bank of Russia Annual Report reflects the results of the work done by the Bank of Russia in 2007 to ensure the stability of the ruble, improve and strengthen the country’s banking system and upgrade and ensure the effectiveness of the payment system. This Report contains information for a wide range of economic agents on the results of the Bank of Russia’s work in 2007 and includes Bank of Russia annual financial statements, the auditor’s report and the report by the Audit Chamber of the Russian Federation.