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News of the Federal Legislation

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News of the Federal Legislation


There are changed the requirements to values of book-entry accounting and other information about institutions obliged under bills of exchange (credit contracts), which are subjects for submission to cover of the Bank of Russia credits
2008-10-10 08:00

NEWS OF THE FEDERAL LEGISLATION

There are changed the requirements to values of book-entry accounting and other information about institutions obliged under bills of exchange (credit contracts), which are subjects for submission to cover of the Bank of Russia credits

The Direction of the Bank of Russia N 2085-U of October 3, 2008 (document is in Russian) makes amendments to clause 3.2 of the Direction of the Bank of Russia N 1904-U of November 12, 2007 (document is in Russian), according to which the evaluation of permissible values of profitable indexes, debt-equity ratio and current liquidity ratio (gross covering coefficient) are established as 80% of average value on economical activity kinds developed by bodies of state statistics in the aggregate of institutions not having the status of small entrepreneurship subject.

Earlier there are used average values calculated on data of summary book-entry accounting of institutions not having the status of small and middle entrepreneurship subject.

There are determined the ruble equivalents of minimum size of authorized capital and minimum size of own funds of a credit institution
2008-10-10 08:00

NEWS OF THE FEDERAL LEGISLATION

There are determined the ruble equivalents of minimum size of authorized capital and minimum size of own funds of a credit institution

In accordance with the Direction of the Bank of Russia N 1755-U of December 11, 2006 (document is in Russian), the Letter of the Bank of Russia N 125-T of October 6, 2006 (document is in Russian) determine ruble equivalents of minimum size of authorized capital and minimum size of own funds of a credit institution for Quarter IV, 2008 in the size of 181850000 rubles, and for banks attracting monetary funds of natural persons in rubles and foreign currency to deposits - in the size of 3637000000 rubles.

There is changed the Procedure for calculation of the limit for placing the federal budget funds to banking deposits for credit institution
2008-10-10 08:00

NEWS OF THE FEDERAL LEGISLATION

There is changed the Procedure for calculation of the limit for placing the federal budget funds to banking deposits for credit institution

The Order of the Ministry of Finance of Russia N 108n of October 7, 2008 (document is in Russian) makes amendments to the Procedure for calculation of the limit for placing the federal budget funds to banking deposits for credit institution approved by the Order of the Ministry of Finance N 40n of April 9, 2008 (document is in Russian). In particular there decreased the values of rating coefficients at calculation of the Limit on funds. In calculation of the Limit on applications, the formulas are determined for calculation of the federal budget funds placing and being subjects for placement on deposit in a credit institution, for calculation of sums of the federal budget funds placed at deposits in a credit institutions and being subjects for return.

  So, the Annex N 1 "Calculation of limit of placing of the federal budget funds to banking deposits for credit institution" is given in the new wording.


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