PROVISION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of October 20, 2016 No. 554-P

Industry standard of financial accounting by credit institutions of the transactions connected with accomplishment of mandatory reserve requirements

This Provision according to 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; 2003, No. 2, Art. 157; No. 52, Art. 5032; 2004, No. 27, Art. 2711; No. 31, Art. 3233; 2005, No. 25, Art. 2426; No. 30, Art. 3101; 2006, No. 19, Art. 2061; No. 25, Art. 2648; 2007, No. 1, Art. 9, Art. 10; No. 10, Art. 1151; No. 18, Art. 2117; 2008, No. 42, Art. 4696, Art. 4699; No. 44, Art. 4982; No. 52, Art. 6229, Art. 6231; 2009, No. 1, Art. 25; No. 29, Art. 3629; No. 48, Art. 5731; 2010, No. 45, Art. 5756; 2011, No. 7, Art. 907; No. 27, Art. 3873; No. 43, Art. 5973; No. 48, Art. 6728; 2012, No. 50, Art. 6954; No. 53, Art. 7591, Art. 7607; 2013, No. 11, Art. 1076; No. 14, Art. 1649; No. 19, Art. 2329; No. 27, Art. 3438, Art. 3476, Art. 3477; No. 30, Art. 4084; No. 49, Art. 6336; No. 51, Art. 6695, Art. 6699; No. 52, Art. 6975; 2014, No. 19, Art. 2311, Art. 2317; No. 27, Art. 3634; No. 30, Art. 4219; No. 40, Art. 5318; No. 45, Art. 6154; No. 52, Art. 7543; 2015, No. 1, Art. 4, Art. 37; No. 27, Art. 3958, Art. 4001; No. 29, Art. 4348, Art. 4357; No. 41, Art. 5639; No. 48, Art. 6699; 2016, No. 1, Art. 23, Art. 46, Art. 50; No. 27, the Art. 4225, the Art. 4273, the Art. 4295) and with 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 October 18, 2016 No. 29) establish procedure for financial accounting by credit institutions of the transactions connected with accomplishment of mandatory reserve requirements.

Chapter 1. General provisions

1.1. The basic concepts used in this Provision are applied in the values determined by the Provision of the Bank of Russia of December 1, 2015 No. 507-P "About required reserves of credit institutions", the registered Ministry of Justice of the Russian Federation on December 25, 2015 No. 40275 ("the Bulletin of the Bank of Russia" of December 30, 2015 No. 121).

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 Provision, the Provision of the Bank of Russia of July 16, 2012 No. 385-P "About rules of conducting financial accounting in the credit institutions located in the territory of the Russian Federation" the registered Ministry of Justice of the Russian Federation on September 3, 2012 No. 25350, on October 15, 2012 No. 25670, on October 15, 2013 No. 30198, on December 9, 2013 No. 30568, on December 23, 2013 No. 30721, on December 27, 2013 No. 30883, on August 7, 2014 No. 33470, on September 2, 2014 No. 33940, on January 28, 2015 No. 35764, on February 9, 2015 No. 35936, on April 1, 2015 No. 36678, on April 28, 2015 No. 37042, on June 17, 2015 No. 37684, on July 16, 2015 No. 38043, on October 21, 2015 No. 39402, on November 12, 2015 No. 39700, on December 2, 2015 No. 39932, on December 18, 2015 No. 40164, on August 4, 2016 No. 43114 ("the Bulletin of the Bank of Russia" of September 25, 2012 No. 56 - 57, of October 24, 2012 No. 62, of October 23, 2013 No. 57, of December 19, 2013 No. 74, of January 14, 2014 No. 1, of January 15, 2014 No. 2, of August 20, 2014 No. 74, of September 12, 2014 No. 82, of February 4, 2015 No. 9, of February 17, 2015 No. 13, of April 22, 2015 No. 36, of May 26, 2015 No. 45, of June 25, 2015 No. 55, of July 24, 2015 No. 61, of November 11, 2015 No. 101, of November 26, 2015 No. 107, of December 9, 2015 No. 112, of December 25, 2015 No. 119, of August 17, 2016 No. 74), 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 ("the Bulletin of the Bank of Russia" of February 13, 2015 No. 12, of December 17, 2015 No. 116) (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 accounts of balance sheet accounts on accounting of required reserves and (or) off-balance accounts on accounting of calculations for required reserves.

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

2.1. Transfer (collection) of money to accounts on accounting of required reserves, on accounting of required reserves in case of failure to carry out of obligation on averaging is reflected in financial accounting in the following procedure.

2.1.1. The translation (collection) of money from the correspondent account of credit institution opened in the Bank of Russia is reflected accounting entries:

The debit of the account No. 30202 "The required reserves of credit institutions on accounts in currency of the Russian Federation deposited in the Bank of Russia"

and (or)

The debit of the account No. 30204 "The required reserves of credit institutions on accounts in foreign currency deposited in the Bank of Russia"

and (or)

The debit of the account No. 30238 "The required reserves of credit institutions deposited in the Bank of Russia in case of failure to carry out of obligation on averaging"

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 entries:

The debit of the account No. 30202 "The required reserves of credit institutions on accounts in currency of the Russian Federation deposited in the Bank of Russia"

and (or)

The debit of the account No. 30204 "The required reserves of credit institutions on accounts in foreign currency deposited in the Bank of Russia"

and (or)

The debit of the account No. 30238 "The required reserves of credit institutions deposited in the Bank of Russia in case of failure to carry out of obligation on averaging"

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