INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of May 31, 2022 No. 6147-U

About modification of the Provision of the Bank of Russia of January 29, 2018 No. 630-P "About procedure for conducting cash transactions and storage precautions, transportations and collections of banknotes and coin of the Bank of Russia in credit institutions in the territory of the Russian Federation"

Based on Items 2 and 5 of Article 4, articles 32 and 34 of the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" <1>, Item 5 parts one of article 5 of the Federal Law of December 2, 1990 No. 395-I "About banks and banking activity" (in edition of the Federal Law of February 3, 1996 No. 17-FZ) <2> and according to the solution of the Board of directors of the Bank of Russia (the minutes of the Board of directors of the Bank of Russia of May 20, 2022 No. PSD-35):

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<1> Russian Federation Code, 2002, No. 28, Art. 2790; 2013, No. 30, Art. 4084.

<2> Sheets of the Congress of People's Deputies of RSFSR and Supreme Council of RSFSR, 1990, No. 27, Art. 357; Russian Federation Code, 1996, No. 6, Art. 492.

1. Bring in the Provision of the Bank of Russia of January 29, 2018 No. 630-P "About procedure for conducting cash transactions and storage precautions, transportations and collections of banknotes and coin of the Bank of Russia in credit institutions in the territory of the Russian Federation" <3> the following changes:

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<3> It is registered by the Ministry of Justice of the Russian Federation on June 18, 2018, registration No. 51359, with the changes made by Instructions of the Bank of Russia of May 7, 2020 No. 5454-U (it is registered by the Ministry of Justice of the Russian Federation on June 10, 2020, registration No. 58625), of August 19, 2021 No. 5897-U (it is registered by the Ministry of Justice of the Russian Federation on September 22, 2021, registration No. 65094).

1.1. In Item 1.1:

the fifth to state the paragraph in the following edition:

"exchange of the banknotes and coin of the Bank of Russia having the damages specified in paragraphs five - the fifteenth Item 2.9 of this provision and in Items 2 and 3 of the Instruction of the Bank of Russia of December 26, 2006 No. 1778-U "About signs of solvency and rules of exchange of banknotes and coins of the Bank of Russia", registered by the Ministry of Justice of the Russian Federation on January 16, 2007, registration No. 8748, with the changes made by Instructions of the Bank of Russia of June 5, 2009 No. 2249-U (it is registered by the Ministry of Justice of the Russian Federation on July 15, 2009, registration No. 14343), of August 22, 2014 No. 3369-U (it is registered by the Ministry of Justice of the Russian Federation on September 3, 2014, registration No. 33956) (further - the Instruction of the Bank of Russia No. 1778-U), on banknotes, suitable for the address, and coin of the Bank of Russia according to item 4 of the Instruction of the Bank of Russia No. 1778-U. The specified cash transaction is obligatory for credit institutions, VSP performing cash transactions;";

in the paragraph the thirteenth to exclude the words "acquired (including received in use) after July 1, 2015".

1.2. State Item 1.2 in the following edition:

"1.2. The credit institution the administrative document shall determine the sum of the minimum remaining balance of storage of cash. The amount of the minimum remaining balance of storage of cash is installed separately for credit institution, each its VSP.

The credit institution no later than three working days after day of establishment of the amount of the minimum remaining balance of storage of cash shall send the letter on the amounts of the minimum remaining balance of storage of cash:

in territorial office of the Bank of Russia in which subordinated territory the credit institution is located;

in territorial office of the Bank of Russia in the place of opening (location) of VSP if VSP is located outside the territory subordinated to territorial office of the Bank of Russia in which the credit institution which opened VSP is located.

The letter on the amounts of the minimum remaining balance of storage of cash is sent by credit institution in electronic form by means of its personal account according to the order of interaction of the Bank of Russia with credit institutions determined based on parts one and the fourth article 73.1 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; 2017, No. 27, the Art. 3950) (further respectively - the Federal Law No. 86-FZ, order of interaction).

To VSP which is not performing storage of cash the sum of the minimum remaining balance of storage of cash is not determined.

In case of establishment of the amount of the minimum remaining balance of storage of cash the credit institution shall consider features of the organization of cash work, amounts of average daily turnovers of the cash passing through cash desks of credit institution and its VSP including on transactions using automatic devices. The amount of the minimum remaining balance of storage of cash shall provide timely cash disbursement of money to clients at the beginning of the working day. The amount of the actual remaining balance of cash for the end of the working day shall not be less amount of the minimum remaining balance of storage of cash.

The newly created credit institution shall determine the sum of the minimum remaining balance of storage of cash based on predicted data about cash turnover which will pass through cash desk of credit institution.

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