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The Swiss National Bank (SNB) is the central bank of Switzerland. It was formed on 16 January 1906, and the it began business activities on 20 June 1907 It conduct the country`s monetary policy as an independent central bank. Its main goal is to ensure price stability, while taking due account of economic developments. The SNB is an Aktiengesellschaft under special regulations. About 55% of its shares are owned by public institutions like cantons and cantonal banks. The remaining shares are traded on the stock market. They are mostly owned by private individuals.