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The document ceased to be valid since February 1, 2016 according to item 4 of the Instruction of the Central bank of the Russian Federation of December 28, 2015 No. 3924-U

INSTRUCTION OF THE CENTRAL BANK OF RUSSIA

of September 17, 2008 No. 2066-U

About establishment of standard rates of required reserves (reserve requirements) of the Bank of Russia

(as amended on on October 14, 2008)

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 September 17, 2008 N 18) for the credit institutions performing deposition of required reserves according to the Provision of the Bank of Russia of March 29, 2004 N 255-P "About required reserves of credit institutions", the registered Ministry of Justice of the Russian Federation on April 23, 2004 N 5769; On October 22, 2004 N 6081; On April 28, 2005 N 6561; On October 19, 2005 N 7106; On October 11, 2006 N 8368; On June 5, 2007 N 9587; On December 20, 2007 N 10787 ("the Bulletin of the Bank of Russia" of April 30, 2004 N 25, of October 27, 2004 N 62, of May 5, 2005 N 22, of October 26, 2005 N 56, of October 18, 2006 N 56, of June 9, 2007 N 34, of December 26, 2007 N 71), the Bank of Russia establishes the following.

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2. The averaging coefficient for calculation of average size of required reserves since October 1, 2008 is established for the credit institutions which are not settlement non-bank credit institutions, RTs ORTsB in the amount of 0,6.

The credit institutions specified in this Item, having the right to expect independently the average size of required reserves each next period of averaging using coefficient of the averaging which is not exceeding 0,6.

3. Territorial offices of the Bank of Russia should bring this Instruction to the attention of credit institutions without delay.

4. This Instruction becomes effective from the date of its signing and is subject to official publication in "the Bulletin of the Bank of Russia".

Chairman of the Central bank of the Russian Federation

S. M. Ignatyev

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