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INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of July 20, 2018 No. 4871-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, Art. 2661, Art. 2669; No. 27, Art. 3950; No. 30, Art. 4456; No. 31, Art. 4830; No. 50, Art. 7562; 2018, No. 1, Art. 66; No. 9, Art. 1286; No. 11, Art. 1584, Art. 1588; No. 18, the Art. 2557) 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 July 20, 2018 25) 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, on January 16, 2018 No. 49646, since August 1, 2018 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 of credit institution to legal entities - nonresidents (including obligations to nonresident banks), and also to obligations to individual entrepreneurs - nonresidents, arising according to agreements of the bank (correspondent) account, contracts for attraction of money (further - 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 8,00;

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 8,00;

according to the obligations of credit institution to physical persons (residents and nonresidents) arising according to bank deposit agreements (including certified by savings certificates), the bank account (further - obligations to physical persons), in currency of the Russian Federation - percent 5,00;

according to obligations to physical persons in foreign currency - percent 7,00;

according to the obligations of credit institution which are not belonging to the categories of obligations established by paragraphs the second - the seventh this subitem (further - other obligations), except for long-term, in currency of the Russian Federation - percent 5,00;

according to other obligations, except for long-term, in foreign currency - percent 8,00;

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

according to long-term other obligations in foreign currency - percent 8,00.

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 8,00;

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 8,00;

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 7,00;

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

according to other obligations, except for long-term, in foreign currency - percent 8,00;

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

according to long-term other obligations in foreign currency - percent 8,00.

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 8,00;

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 8,00;

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 7,00;

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

according to other obligations, except for long-term, in foreign currency - percent 8,00;

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

according to long-term other obligations in foreign currency - percent 8,00.

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 the Item having the right to expect the average size of required reserves each next period of averaging since the averaging period from September 5, 2018 to October 9, 2018 using coefficient of the averaging which is not exceeding 0,8, 0,8 and 1,0 respectively.

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