Banking sector's liquidity conditions: main indicators in the reserve maintenance periods (extended version)1
| The reserve maintenance period | Correspondent account balances (bln of RUR) | Required reserves to be averaged on correspondent accounts (bln of RUR) | Required reserves on special accounts (bln of RUR) | Structural liquidity deficit (+) / surplus (-) (bln of RUR) | Liquidity absorbed by open market operations (bln of RUR) | Liquidity provided by open market operations (bln of RUR) | Monetary policy standing facilities and Supplementary mechanism of liquidity provision (bln of RUR) | Special refinancing facilities and other standing facilities, net (bln of RUR) | Changes in the key rate (b.p.) | Indiators of RUONIA | Indicators of MIACR overnight | Other liquidity-based information (bln of RUR) | Change of banking sector liquidity and its factors2 (bln of RUR) | |||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Change in balances on correspondent accounts and special required reserves accounts with the Bank of Russia | affected by: | |||||||||||||||||||||||||||||||||||||||||
| Operations (standard instruments and special facilities) | Autonomous factors | including: | ||||||||||||||||||||||||||||||||||||||||
| Bank of Russia's operations in the domestic FX market | Change in cash in circulation | Change in general government accounts with the Bank of Russia and other items | of which: | |||||||||||||||||||||||||||||||||||||||
| first day | last day | number of calendar days | total | Bank of Russia's bond auctions | main one-week deposit auctions | fine-tuning deposit auctions | total | longer-term repo and loan auctions | main one-week repo auctions | fine-tuning repo auctions | total, net | deposits | repos PM and FX swaps3 | loans PM4 | repos SM | loans SM5 | RUONIA and key rate spread, average (b.p.) | RUONIA and key rate spread, volatility (b.p.) | RUONIA and key rate spread, bottom of the fluctuatuin range (b.p.) | RUONIA and key rate spread, top of the fluctuatuin range (b.p.) | RUONIA volume (bln of RUR) | MIACR overnight and key rate spread, average (b.p.) | MIACR overnight volume (bln of RUR) | Autonomous liquidity factors, net (supply(+) / demand (-)) | Surplus liquidity on correspondent accounts | Liquidity placed in bonds and deposits | Liquidity provision through loans, repos and FX swaps | change in amounts outstanding on Federal Tresury's operations with banks | operations with OFZ | operations of the Ministry of Finance of the Russian Federation on the domestic FX market | ||||||||||||
| 13.11.2024 | 10.12.2024 | 28 | 5,135.4 | 5,019.5 | 504.0 | 250.8 | 2,679.6 | 0.0 | 2,604.0 | 75.6 | 25.8 | 25.8 | 0.0 | 0.0 | 2,752.0 | 1,826.5 | 5.4 | 4,469.3 | 0.0 | 103.7 | 268.5 | 0 | -25 | 21 | -56 | 22 | 369.3 | -25 | 371.0 | 5,388.7 | 116.0 | 4,506.1 | 4,872.8 | -791.1 | -482.2 | -308.9 | 0.0 | -115.6 | -193.3 | 593.1 | -748.8 | -117.6 |
| 09.10.2024 | 12.11.2024 | 35 | 5,051.7 | 4,925.4 | 504.0 | 101.3 | 3,911.5 | 0.0 | 3,899.4 | 12.1 | 0.0 | 0.0 | 0.0 | 0.0 | 3,971.3 | 1,474.2 | 341.2 | 4,947.9 | 0.0 | 156.4 | 167.7 | 200 | -42 | 19 | -73 | 9 | 484.3 | -41 | 556.9 | 5,454.4 | 126.3 | 5,385.7 | 5,613.2 | 435.1 | 482.0 | -46.9 | 0.0 | 95.4 | -142.3 | -482.4 | 480.3 | -128.8 |
| 11.09.2024 | 08.10.2024 | 28 | 4,923.8 | 4,806.6 | 504.0 | -246.0 | 3,313.1 | 0.0 | 3,242.2 | 70.9 | 0.0 | 0.0 | 0.0 | 0.0 | 3,173.4 | 1,358.3 | 44.1 | 4,398.6 | 0.0 | 89.0 | 10.9 | 100 | -41 | 38 | -75 | 47 | 457.4 | -33 | 564.6 | 5,673.9 | 117.2 | 4,671.4 | 4,542.6 | -1,003.3 | -808.3 | -195.0 | 0.0 | -30.6 | -164.4 | 943.6 | -39.6 | -8.5 |
| 14.08.2024 | 10.09.2024 | 28 | 4,989.1 | 4,746.3 | 504.0 | -568.9 | 2,768.1 | 0.0 | 2,734.8 | 33.2 | 0.0 | 0.0 | 0.0 | 0.0 | 2,409.4 | 1,689.5 | 283.5 | 3,760.9 | 0.3 | 54.2 | 32.5 | 0 | 7 | 41 | -44 | 98 | 304.4 | -10 | 446.6 | 6,062.1 | 242.8 | 4,457.5 | 4,131.4 | 631.7 | 770.1 | -138.3 | 0.0 | 18.4 | -156.7 | 1,265.8 | -22.5 | -131.7 |
| 10.07.2024 | 13.08.2024 | 35 | 5,134.3 | 4,769.3 | 504.0 | -618.5 | 3,096.8 | 0.0 | 3,060.0 | 36.8 | 22.7 | 22.7 | 0.0 | 0.0 | 2,622.4 | 1,492.1 | 309.5 | 3,780.1 | 0.0 | 24.9 | 198.2 | 200 | -35 | 47 | -86 | 47 | 291.2 | -30 | 413.9 | 6,256.8 | 364.9 | 4,588.9 | 4,335.4 | -844.4 | -723.9 | -120.4 | 0.0 | -56.1 | -64.3 | -969.8 | 440.9 | -92.5 |
| 05.06.2024 | 09.07.2024 | 35 | 4,954.5 | 4,742.1 | 504.1 | -957.3 | 2,231.1 | 0.0 | 2,108.9 | 122.2 | 158.7 | 158.7 | 0.0 | 0.0 | 1,128.6 | 1,100.0 | 121.2 | 2,099.9 | 0.0 | 7.5 | 198.9 | 0 | -28 | 28 | -75 | 14 | 350.7 | -21 | 614.5 | 6,416.0 | 212.4 | 3,331.2 | 2,586.2 | -231.0 | 130.3 | -361.2 | 0.0 | -65.8 | -295.4 | -704.8 | 62.0 | -163.5 |
| 08.05.2024 | 04.06.2024 | 28 | 4,751.6 | 4,677.0 | 504.2 | -1,080.2 | 1,917.6 | 0.0 | 1,873.7 | 43.9 | 254.8 | 254.8 | 0.0 | 0.0 | 360.1 | 913.9 | 8.4 | 1,261.9 | 0.0 | 3.6 | 297.1 | 0 | -7 | 12 | -20 | 21 | 472.7 | -1 | 714.8 | 6,336.0 | 74.6 | 2,831.5 | 1,825.9 | -640.7 | -825.8 | 185.1 | 0.0 | 145.4 | 39.7 | 205.5 | 17.9 | -106.2 |
| 10.04.2024 | 07.05.2024 | 28 | 4,670.0 | 4,581.9 | 504.3 | -1,056.0 | 2,574.6 | 0.0 | 2,551.0 | 23.6 | 367.8 | 367.8 | 0.0 | 0.0 | 968.3 | 870.7 | 22.3 | 1,717.1 | 0.0 | 99.7 | 270.5 | 0 | -24 | 17 | -41 | 18 | 448.5 | -22 | 520.9 | 6,230.3 | 88.0 | 3,445.3 | 2,477.3 | 2,534.0 | 2,513.5 | 20.5 | 0.0 | -149.9 | 170.4 | 681.3 | 287.7 | -10.2 |
| 13.03.2024 | 09.04.2024 | 28 | 4,658.6 | 4,571.8 | 449.3 | -1,123.3 | 2,480.3 | 0.0 | 1,984.9 | 495.4 | 478.8 | 478.8 | 0.0 | 0.0 | 672.1 | 1,101.2 | 21.4 | 1,620.1 | 0.0 | 131.7 | 293.0 | 0 | -37 | 20 | -75 | -1 | 504.1 | -41 | 450.7 | 6,231.2 | 86.8 | 3,581.5 | 2,545.1 | -1,968.3 | -1,708.4 | -259.9 | 0.0 | 83.2 | -343.1 | 968.2 | -96.0 | -128.8 |
| 14.02.2024 | 12.03.2024 | 28 | 4,799.8 | 4,712.3 | 273.2 | -1,198.6 | 1,694.3 | 0.0 | 1,664.1 | 30.2 | 561.6 | 561.6 | 0.0 | 0.0 | -246.6 | 1,162.1 | 17.7 | 748.1 | 0.0 | 149.6 | 268.2 | 0 | -31 | 17 | -66 | 0 | 484.4 | -35 | 420.1 | 6,271.6 | 87.5 | 2,856.4 | 1,745.2 | 801.2 | 854.7 | -53.6 | 0.0 | 26.0 | -79.6 | 128.1 | 213.1 | -160.1 |
| 17.01.2024 | 13.02.2024 | 28 | 4,723.0 | 4,647.3 | 272.8 | -1,688.0 | 1,808.2 | 0.0 | 1,757.8 | 50.4 | 671.8 | 671.8 | 0.0 | 0.0 | -774.4 | 1,031.5 | 9.2 | 196.1 | 0.0 | 51.7 | 298.5 | 0 | -10 | 13 | -41 | 1 | 448.1 | -12 | 421.9 | 6,683.8 | 75.7 | 2,839.7 | 1,227.4 | 1,592.0 | 1,779.4 | -187.5 | 0.0 | 210.6 | -398.1 | -1,241.2 | -17.4 | -279.1 |
| 13.12.2023 | 16.01.2024 | 35 | 4,656.1 | 4,564.6 | 271.7 | -695.9 | 1,969.7 | 0.0 | 1,538.8 | 430.9 | 884.2 | 884.2 | 0.0 | 0.0 | 209.1 | 1,373.5 | 23.3 | 1,424.1 | 0.0 | 135.1 | 272.1 | 100 | -45 | 44 | -85 | 73 | 595.5 | -41 | 556.4 | 5,623.7 | 91.5 | 3,343.3 | 2,738.9 | -1,458.8 | -3,436.5 | 1,977.7 | 0.0 | -7.5 | 1,985.2 | -689.8 | 9.3 | -30.5 |
1 Averages of daily positions, if applicable and not specified otherwise.
2 The sum of daily flows.
3 Up to and including averaging period from September 13, 2023 to October 10, 2023 – repos and buy/sell FX swaps. Since averaging period from October 11, 2023 to November 14, 2023 – repos PM and buy/sell FX swaps.
4 Up to and including averaging period from September 13, 2023 to October 10, 2023: overnight loans, one-day Lombard loans and one-day loans secured by non-marketable assets. Since averaging period from October 11, 2023 to November 14, 2023 – loans PM and loans, which were provided before October 16, 2023 at key rate plus 100 bps.
5 Up to and including averaging period from September 13, 2023 to October 10, 2023: longer-term Lombard loans and longer-term loans secured by non-marketable assets. Since averaging period from October 11, 2023 to November 14, 2023 – loans SM and loans, which were provided before October 16, 2023 at key rate plus 175 bps.
Discrepancies are possible due to rounding.
PM – the Primary mechanism of liquidity provision, SM – the Supplementary mechanism of liquidity provision.
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Last updated on: 13.11.2024