Document from CIS Legislation database © 2003-2022 SojuzPravoInform LLC

The document ceased to be valid since August 2, 2018 according to item 4 of the Instruction of the Central bank of the Russian Federation of July 20, 2018 No. 4871-U

INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of November 13, 2017 No. 4604-U

About mandatory reserve requirements

1. Based on parts one, third and fifth article 38 of the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" (The Russian Federation Code, 2002, No. 28, Art. 2790; 2003, No. 2, Art. 157; No. 52, Art. 5032; 2004, No. 27, Art. 2711; No. 31, Art. 3233; 2005, No. 25, Art. 2426; No. 30, Art. 3101; 2006, No. 19, Art. 2061; No. 25, Art. 2648; 2007, No. 1, Art. 9, Art. 10; No. 10, Art. 1151; No. 18, Art. 2117; 2008, No. 42, Art. 4696, Art. 4699; No. 44, Art. 4982; No. 52, Art. 6229, Art. 6231; 2009, No. 1, Art. 25; No. 29, Art. 3629; No. 48, Art. 5731; 2010, No. 45, Art. 5756; 2011, No. 7, Art. 907; No. 27, Art. 3873; No. 43, Art. 5973; No. 48, Art. 6728; 2012, No. 50, Art. 6954; No. 53, Art. 7591, Art. 7607; 2013, No. 11, Art. 1076; No. 14, Art. 1649; No. 19, Art. 2329; No. 27, Art. 3438, Art. 3476, Art. 3477; No. 30, Art. 4084; No. 49, Art. 6336; No. 51, Art. 6695, Art. 6699; No. 52, Art. 6975; 2014, No. 19, Art. 2311, Art. 2317; No. 27, Art. 3634; No. 30, Art. 4219; No. 40, Art. 5318; No. 45, Art. 6154; No. 52, Art. 7543; 2015, No. 1, Art. 4, Art. 37; No. 27, Art. 3958, Art. 4001; No. 29, Art. 4348, Art. 4357; No. 41, Art. 5639; No. 48, Art. 6699; 2016, No. 1, Art. 23, Art. 46, Art. 50; No. 26, Art. 3891; No. 27, Art. 4225, Art. 4273, Art. 4295; 2017, No. 1, Art. 46; No. 14, Art. 1997; No. 18, the Art. 2661, the Art. 2669, No. 27, the Art. 3950, No. 30, the Art. 4456) and according to the solution of the Board of directors of the Bank of Russia (the minutes of the Board of directors of the Bank of Russia of November 10, 2017 29) mandatory reserve requirements (standard rates of required reserves, coefficient of averaging of required reserves) for the credit institutions performing deposition of required reserves according to the Provision of the Bank of Russia of December 1, 2015 No. 507-P "About required reserves of credit institutions" the registered Ministry of Justice of the Russian Federation on December 25, 2015 No. 40275, on December 22, 2016 No. 44868, since December 1, 2017 are established No. in the following size.

1.1. For banks with the universal license.

1.1.1. Standard rates of required reserves:

according to obligations to legal entities - nonresidents (except for long-term) in currency of the Russian Federation - percent 5,00;

according to obligations to legal entities - nonresidents (except for long-term) in foreign currency - percent 7,00;

on long-term obligations before legal entities - nonresidents in currency of the Russian Federation - percent 5,00;

on long-term obligations before legal entities - nonresidents in foreign currency - percent 7,00;

according to obligations to physical persons in currency of the Russian Federation - percent 5,00;

according to obligations to physical persons in foreign currency - percent 6,00;

according to other obligations of credit institutions (except for long-term) in currency of the Russian Federation - percent 5,00;

according to other obligations of credit institutions (except for long-term) in foreign currency - percent 7,00;

according to long-term other obligations of credit institutions in currency of the Russian Federation - percent 5,00;

according to long-term other obligations of credit institutions in foreign currency - percent 7,00.

1.1.2. The coefficient of averaging of required reserves applied to calculation of average size of required reserves - 0,8.

1.2. For banks with the basic license.

1.2.1. Standard rates of required reserves:

according to obligations to legal entities - nonresidents (except for long-term) in currency of the Russian Federation - percent 5,00;

according to obligations to legal entities - nonresidents (except for long-term) in foreign currency - percent 7,00;

on long-term obligations before legal entities - nonresidents in currency of the Russian Federation - percent 5,00;

on long-term obligations before legal entities - nonresidents in foreign currency - percent 7,00;

according to obligations to physical persons in currency of the Russian Federation - percent 1,00;

according to obligations to physical persons in foreign currency - percent 6,00;

according to other obligations of credit institutions (except for long-term) in currency of the Russian Federation - percent 1,00;

according to other obligations of credit institutions (except for long-term) in foreign currency - percent 7,00;

according to long-term other obligations of credit institutions in currency of the Russian Federation - percent 1,00;

according to long-term other obligations of credit institutions in foreign currency - percent 7,00.

1.2.2. The coefficient of averaging of required reserves applied to calculation of average size of required reserves - 0,8.

1.3. For non-bank credit institutions.

1.3.1. Standard rates of required reserves:

according to obligations to legal entities - nonresidents (except for long-term) in currency of the Russian Federation - percent 5,00;

according to obligations to legal entities - nonresidents (except for long-term) in foreign currency - percent 7,00;

on long-term obligations before legal entities - nonresidents in currency of the Russian Federation - percent 5,00;

on long-term obligations before legal entities - nonresidents in foreign currency - percent 7,00;

according to obligations to physical persons in currency of the Russian Federation - percent 5,00;

according to obligations to physical persons in foreign currency - percent 6,00;

according to other obligations of credit institutions (except for long-term) in currency of the Russian Federation - percent 5,00;

according to other obligations of credit institutions (except for long-term) in foreign currency - percent 7,00;

according to long-term other obligations of credit institutions in currency of the Russian Federation - percent 5,00;

according to long-term other obligations of credit institutions in foreign currency - percent 7,00.

1.3.2. The coefficient of averaging of required reserves applied to calculation of average size of required reserves - 1,0.

1.4. The credit institutions specified in subitems 1. 1, 1.2 and 1.3 presents of Item has the right to expect the average size of required reserves each next period of averaging using coefficient of the averaging which is not exceeding 0,8, 0,8 and 1,0 respectively.

2. This Instruction is subject to official publication and becomes effective since December 1, 2017.

Warning!!!

This is not a full text of document! Document shown in Demo mode!

If you have active License, please Login, or get License for Full Access.

With Full access you can get: full text of document, original text of document in Russian, attachments (if exist) and see History and Statistics of your work.

Get License for Full Access Now

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

Effectively work with search system

Database include more 50000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SojuzPravoInform LLC. UI/UX design by Intelliants.