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It is registered

Ministry of Justice

Russian Federation

On February 12, 2021 No. 62488

INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of January 11, 2021 No. 5694-U

About procedure for reflection on the accounts of financial accounting by credit institutions of transactions linked with accomplishment of mandatory reserve requirements

(as amended of the Instruction of the Central bank of the Russian Federation of 21.09.2021 No. 5939-U)

This Instruction based on article 57 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; 2018, No. 53, the Art. 8440), article 25 of the Federal law "About Banks and Banking Activity" (in edition of the Federal Law of February 3, 1996 No. 17-FZ) (Sheets of the Congress of People's Deputies of RSFSR and the Supreme Council of RSFSR, 1990, No. 27, Art. 357; Russian Federation Code, 1996, No. 6, Art. 492; 2014, No. 30, the Art. 4219), parts 6 of article 21 of the Federal Law of December 6, 2011 No. 402-FZ "About financial accounting" (The Russian Federation Code, 2011, No. 50, Art. 7344; 2019, No. 30, the Art. 4149) establishes procedure for reflection on the accounts of financial accounting by credit institutions of transactions linked with accomplishment of mandatory reserve requirements.

Chapter 1. General provisions

1.1. The basic concepts used in this Instruction are applied in the values determined by the Provision of the Bank of Russia of January 11, 2021 No. 753-P "About required reserves of credit institutions", the registered Ministry of Justice of the Russian Federation on May 28, 2021 No. 63663.

1.2. Reflection in financial accounting of credit institution of transactions on regulation of the size of required reserves, and also penalties for violation of mandatory reserve requirements is performed according to this Instruction, the Provision of the Bank of Russia of February 27, 2017 No. 579-P "About the Chart of accounts of financial accounting for credit institutions and procedure for its application", the registered Ministry of Justice of the Russian Federation on March 20, 2017 No. 46021, on July 20, 2017 No. 47474, on December 12, 2017 No. 49220, on March 12, 2018 No. 50299, on December 3, 2018 No. 52845, on January 16, 2019 No. 53372, on March 26, 2019 No. 54165, on June 18, 2020 No. 58690, on October 14, 2020 No. 60381, and the Provision of the Bank of Russia of December 22, 2014 No. 446-P "About procedure for determination of the income, expenses and other comprehensive income of credit institutions", the registered Ministry of Justice of the Russian Federation on February 6, 2015 No. 35910, on December 8, 2015 No. 40025, on December 12, 2017 No. 49219, on July 31, 2018 No. 51743, on July 29, 2020 No. 59108 (further - the Provision of the Bank of Russia No. 446-P), based on the statements received from division of the Bank of Russia from personal account of the balance sheet account on accounting of required reserves.

Chapter 2. Financial accounting by credit institution of the transactions connected with accomplishment of mandatory reserve requirements

2.1. Transfer (write-off) of money to the account on accounting of required reserves is reflected in financial accounting as follows.

2.1.1. The translation (write-off) of money from the correspondent account of credit institution opened in the Bank of Russia is reflected accounting entry:

The debit of the account No. 30202 "The required reserves of credit institutions deposited in the Bank of Russia"

Account No. 30102 credit "Correspondent accounts of credit institutions in the Bank of Russia",

or

Account No. 30104 credit "Correspondent accounts of settlement non-bank credit institutions",

or

The account No. 30106 credit "Correspondent accounts of settlement centers of payment systems within which money on transactions of the Bank of Russia is transferred",

or

The account No. 30125 credit "Correspondent accounts of the non-bank credit institutions performing deposit and credit operations".

2.1.2. Money transfer from the accounts of credit institution opened in other credit institutions is reflected accounting entry:

The debit of the account No. 30202 "The required reserves of credit institutions deposited in the Bank of Russia"

The credit of accounts on the cash accounting on correspondent accounts in credit institutions - correspondents.

2.1.3. Transfer (write-off) of money from the correspondent sub-account open for branch of credit institution is reflected accounting entry:

Debit of the account No. 30221 "Incomplete transfers and calculations of credit institution"

Account No. 30102 credit "Correspondent accounts of credit institutions in the Bank of Russia",

or

Account No. 30104 credit "Correspondent accounts of settlement non-bank credit institutions",

or

The account No. 30106 credit "Correspondent accounts of settlement centers of payment systems within which money on transactions of the Bank of Russia is transferred",

or

The account No. 30125 credit "Correspondent accounts of the non-bank credit institutions performing deposit and credit operations".

Based on the statement received from division of the Bank of Russia from personal account of the balance sheet account on accounting of required reserves by head office of credit institution accounting entry is performed:

The debit of the account No. 30202 "The required reserves of credit institutions deposited in the Bank of Russia"

Account No. 30305 credit "Vnutribankovsky obligations on distribution (redistribution) of assets, obligations, capital".

Same afternoon the branch of credit institution performs accounting entry:

Debit of the account No. 30306 "Intra bank requirements for distribution (redistribution) of assets, obligations, capital"

Account No. 30221 credit "Incomplete transfers and calculations of credit institution".

2.2. Return by authorized division of the Bank of Russia of the amount of refee is reflected accounting entry:

Debit of the account No. 30102 "Correspondent accounts of credit institutions in the Bank of Russia",

or

Debit of the account No. 30104 "Correspondent accounts of settlement non-bank credit institutions",

or

The debit of the account No. 30106 "Correspondent accounts of settlement centers of payment systems within which money on transactions of the Bank of Russia is transferred",

or

The debit of the account No. 30125 "Correspondent accounts of the non-bank credit institutions performing deposit and credit operations"

The account No. 30202 credit "The required reserves of credit institutions deposited in the Bank of Russia".

2.3. The amount of penalty for violation of mandatory reserve requirements is reflected in financial accounting as follows.

2.3.1. The amount of penalty belongs on expenses accounting entry:

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