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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 CENTRAL BANK OF THE RUSSIAN FEDERATION

of June 1, 2015 No. 3655-U

About establishment of coefficient of averaging

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 June 1, 2015 No. 17) for the credit institutions performing deposition of required reserves according to the Provision of the Bank of Russia of August 7, 2009 No. 342-P "About required reserves of credit institutions", the registered Ministry of Justice of the Russian Federation on September 15, 2009 No. 14775, on December 11, 2009 No. 15557, on September 30, 2011 No. 21956, on February 12, 2013 No. 27003 ("the Bulletin of the Bank of Russia" of September 21, 2009 No. 55, of December 18, 2009 No. 73, of October 12, 2011 No. 56, of February 20, 2013 No. 10, of December 24, 2013 No. 77, of October 23, 2014 No. 99), the Bank of Russia establishes the following.

The averaging coefficient used by banks for calculation of average size of required reserves is established in the amount of 0,8.

The averaging coefficient used by the non-bank credit institutions performing deposit credit operations is established in the amount of 1,0.

The banks, non-bank credit institutions performing the deposit credit operations having the right to expect the average size of required reserves each next period of averaging since the averaging period from September 10, 2015 to October 10, 2015, using coefficient of the averaging which is not exceeding 0,8 and 1,0 respectively.

2. This Instruction is subject to official publication in "the Bulletin of the Bank of Russia" and becomes effective since September 10, 2015.

Chairman of the Central bank of the Russian Federation

E. S. Nabiullina

 

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