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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, 2009 No. 2295-U

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

1. 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 August 7, 2009 N 15) for the credit institutions performing deposition of required reserves according to the Provision of the Bank of Russia of August 7, 2009 N 342-P "About required reserves of credit institutions", the registered Ministry of Justice of the Russian Federation on September 15, 2009 N 14775 ("the Bulletin of the Bank of Russia" of September 21, 2009 N 55), the Bank of Russia establishes the following.

1.1. Standard rates of required reserves since November 1, 2009 are established in the following size:

according to obligations to legal entities - nonresidents in currency of the Russian Federation and in foreign currency - % 2,5;

according to obligations to physical persons in currency of the Russian Federation and in foreign currency - % 2,5;

according to other obligations of credit institutions in currency of the Russian Federation and in foreign currency - % 2,5.

1.2. The averaging coefficient for calculation of average size of required reserves since November 1, 2009 is established in the following size:

for the credit institutions which are not settlement non-bank credit institutions, the ORTsB settlement centers (further - RTs ORTsB)0,6;

for settlement non-bank credit institutions, RTs ORTsB - 1,0.

The credit institutions specified in this subitem, 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 or 1,0 respectively.

2. The standard rates of required reserves established by subitem 1.1 of Item of 1 this Instruction are applied since regulation of required reserves of credit institutions for the accounting period from November 1 to December 1, 2009.

In case of regulation of required reserves of large credit institution with wide network of divisions the standard rates of required reserves established by subitem 1.1 of Item of 1 this Instruction are applied since regulation for the accounting period from October 1 to November 1, 2009.

3. To territorial offices of the Bank of Russia to bring this Instruction to the attention of credit institutions.

4. This Instruction becomes effective since November 1, 2009 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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