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Procedure of calculation of obligatory reserves deposited in the Bank of Russia by credit institutions changed


Procedure of calculation of obligatory reserves deposited in the Bank of Russia by credit institutions changed
2009-06-19 08:00

NEWS OF THE FEDERAL LEGISLATION

Procedure of calculation of obligatory reserves deposited in the Bank of Russia by credit institutions changed

By the Direction of the Bank of Russia N 2237-U of 22 May 2009 (document is in Russian), it is established that beginning from 1 July 2009, in the case of calculation of the size of obligatory reserves, credit institutions shall be given a right not to include in the reserved liabilities those to the state corporation “Agency for deposit insurance” and to investors - non-credit institutions appearing in the framework of rendering of financial aid, according to the Federal Act N 175-FZ “ON additional steps for strengthening stability of the banking system for the period until 31 December 2001” of 27 October 2008 (document is in Russian).

By the Direction of the Bank of Russia N 2238-U of 22 May 2009 (document is in Russian) , the right of credit institutions for averaging out obligatory reserves regardless of the classification group assigned to the credit institution as a result of evaluation of the economic situation, has been prolonged.

The above-mentioned directions shall be valid until 1 March 2010.


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