This note gives a brief account of the principal aims and activities pursued by the Bank for International Settlements from its foundation in 1930 until the outbreak of the Second World War in September 1939. It goes on to describe how the war affected the Bank's business activities in general, and the gold transactions it undertook with its member central banks in particular. The note has been drawn up by the Bank for International Settlements as an introduction to the "Note on gold operations involving the Bank for International Settlements and the German Reichsbank, 1st September 1939 - 8th May 1945", which is also published on the BIS World Wide Web site today.
This note gives details of the gold transactions undertaken between the Bank for International Settlements and the German Reichsbank during the Second World War. It has been drawn up on the basis of the BIS's own archives. The note has been audited by Coopers & Lybrand, London, whose audit certificate is appended.