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The required reserves averaging ratio, established by Bank of Russia

The required reserves averaging ratio, established by Bank of Russia

Period of action Ratio Credit institutions for which required reserves averaging ratio was set
1 Before August 1, 2004 was not set  
2 Since August 1, 2004 0.2 for all credit institutions
  including  
  to 31.10.2004 for settlement nonbanking credit institutions and settlement centres of organised securities market
  to 30.09.2006 for all credit institutions except settlement nonbanking credit institutions and settlement centres of organised securities market
3 Since November 1, 2004 to December 31, 2015 1.0 for settlement nonbanking credit institutions and settlement centres of organised securities market
4 Since October 1, 2006, to October 31, 2007 0.3 for all credit institutions except settlement nonbanking credit institutions and settlement centres of organised securities market
5 Since November 1, 2007, to February 29, 2008 0.4 for all credit institutions except settlement nonbanking credit institutions and settlement centres of organised securities market
6 Since March 1, 2008, to June 30, 2008 0.45 for all credit institutions except settlement nonbanking credit institutions and settlement centres of organised securities market
7 Since July 1, 2008, to August 31, 2008 0.5 for all credit institutions except settlement nonbanking credit institutions and settlement centres of organised securities market
8 Since September 1, 2008, to September 30, 2008 0.55 for all credit institutions except settlement nonbanking credit institutions and settlement centres of organised securities market
9 Since October 1, 2008, to December 9, 2013 0.6 for all credit institutions except settlement nonbanking credit institutions and settlement centres of organised securities market
10 Since January 1, 2012 to December 31, 2015 1.0 for nonbanking credit institutions, which has a responsibility for money transfers without opening a bank accounts and other associated operations
11 Since December 10, 2013 to September 9, 2015 0.7 for all credit institutions except settlement nonbanking credit institutions and nonbanking credit institutions, which has a responsibility for money transfers without opening a bank accounts and other associated operations
12 Since September 10, 2015 0.8 for bank
13 Since September 10, 2015 to December 31, 2015 1.0 nonbanking credit institutions which are carrying out deposit and credit operations
14 Since January 1, 2016 1.0 nonbanking credit institutions

Updated on 25 March 2016.

The required reserves averaging ratio, established by Bank of Russia