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The academy publishes a one-volume dictionary called Svenska Akademiens Ordlista (SAOL) and a multi-volume dictionary (similar to the Oxford English Dictionary) called Svenska Akademiens Ordbok (SAOB). The SAOL has reached its 12th edition while the first volume of the SAOB was published in 1898 and today (2003) work has progressed to words beginning with the letter "T".
Its current permanent secretary of the academy is Horace Engdahl, who was preceded by Sture Allén. Since 1901 the academy has annually decided who will be the laureate for the Nobel Prize in Literature, given in memory of the great donor Alfred Nobel.
The building now known as the Stockholm Stock Exchange Building was built for and is owned by the Academy. It is where its meetings are held and among other things Nobel Prize laureates announced.
See also: Royal Swedish Academy of Sciences, Royal Swedish Academy of Letters, History and Antiquities