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FEDERAL LAW OF THE RUSSIAN FEDERATION

of July 12, 1999 No. 162-FZ

About procedure for transfer of government securities of the USSR and certificates of Savings bank of the USSR in target debt obligations of the Russian Federation

Accepted by the State Duma on November 20, 1996

Approved by the Federation Council on December 4, 1996

According to the Federal Law "About Recovery and Protection of Savings of Citizens of the Russian Federation" this Federal Law establishes procedure for transfer of government securities of the USSR and certificates of Savings bank of the USSR in target debt obligations of the Russian Federation.

Article 1. Bonds of the State internal premium bonds of 1982, available at citizens of the Russian Federation; The State treasury obligations of the USSR acquired during the period till January 1, 1992; the certificates of Savings bank of the USSR acquired during the period till January 1, 1992 (daleevosstanavlivayemy securities) which placement was made in the territory of RSFSR belong to the guaranteed savings of citizens determined by the Federal Law "About Recovery and Protection of Savings of Citizens of the Russian Federation".

Article 2. The recovered securities can be transferred to target debt obligations of the Russian Federation which nominal unit according to the Federal Law "About Procedure for Establishment of Debt Cost of Unit of Nominal of Target Debt Obligation of the Russian Federation" is the debt ruble (Dore).

Article 3. Transfer of the recovered securities in target debt obligations of the Russian Federation is made by drawing directly on the recovered securities of the special marks certifying the fact of their transfer in target debt obligations of the Russian Federation of the types established according to this Federal Law, nominals and the income (which are due on these target debt obligations of the Russian Federation).

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