INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of February 12, 2013 No. 2970-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 February 12, 2013 N 2) 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, on December 11, 2009 N 15557, on September 30, 2011 N 21956 ("the Bulletin of the Bank of Russia" of September 21, 2009 N 55, of December 18, 2009 N 73, of October 12, 2011 N 56), the Bank of Russia establishes the following.

1.1. Standard rates of required reserves since March 1, 2013 are established in the following size:

according to obligations to legal entities - nonresidents in currency of the Russian Federation and in foreign currency - % 4,25;

according to obligations to physical persons in currency of the Russian Federation and in foreign currency - % 4,25;

according to other obligations of credit institutions in currency of the Russian Federation and in foreign currency - % 4,25.

1.2. 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 March 1 to April 1, 2013.

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

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

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