The Bank of Russia Annual Report for 2002, compiled in compliance with the Federal Law on the Central Bank of the Russian Federation (Bank of Russia), adopted in July 2002, reflects the fulfilment of the functions assigned to the Bank of Russia to protect the ruble and ensure its stability, develop and strengthen the Russian banking system and ensure the effective and uninterrupted functioning of the Russian payment system. This Annual Report contains information on the organisational structure of the Bank of Russia and its activities aimed at enhancing the efficiency of the Bank of Russia system.