INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of January 11, 2021 No. 5694-U

About procedure for reflection on the accounts of financial accounting by credit institutions of transactions linked with accomplishment of mandatory reserve requirements

This Instruction based on article 57 of the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" (The Russian Federation Code, 2002, No. 28, Art. 2790; 2018, No. 53, the Art. 8440), article 25 of the Federal law "About Banks and Banking Activity" (in edition of the Federal Law of February 3, 1996 No. 17-FZ) (Sheets of the Congress of People's Deputies of RSFSR and the Supreme Council of RSFSR, 1990, No. 27, Art. 357; Russian Federation Code, 1996, No. 6, Art. 492; 2014, No. 30, the Art. 4219), parts 6 of article 21 of the Federal Law of December 6, 2011 No. 402-FZ "About financial accounting" (The Russian Federation Code, 2011, No. 50, Art. 7344; 2019, No. 30, the Art. 4149) establishes procedure for reflection on the accounts of financial accounting by credit institutions of transactions linked with accomplishment of mandatory reserve requirements.

Chapter 1. General provisions

1.1. The basic concepts used in this Instruction are applied in the values determined by the Provision of the Bank of Russia of January 11, 2021 No. 753-P "About required reserves of credit institutions", the registered Ministry of Justice of the Russian Federation on May 28, 2021 No. 63663.

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