INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of February 21, 2023 No. 6366-U

About mandatory reserve requirements

1. Based on parts one, third and fifth article 38 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. 18, the Art. 2669) 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 February 10, 2023 mandatory reserve requirements (standard rates of required reserves, coefficients of averaging of required reserves) for the credit institutions performing deposition of required reserves according to 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, on September 23, 2021 No. 65105, on March 14, 2022 No. 67723, since March 1, 2023 are established No. PSD-5) in the following size.

1.1. For banks with the universal license:

1.1.1. standard rates of required reserves:

according to obligations to legal entities - nonresidents (including obligations to nonresident banks), and also to obligations to individual entrepreneurs - nonresidents, arising based on the signed agreements of the bank (correspondent) account, contracts for attraction of money (further - obligations to legal entities - nonresidents), in currency of the Russian Federation - percent 4,00;

according to obligations to legal entities - nonresidents in foreign currency - percent 7,00;

according to the obligations to physical persons (residents and nonresidents) arising based on the signed bank deposit agreements (including certified by savings certificates), the bank account (further - obligations to physical persons), in currency of the Russian Federation - percent 4,00;

according to obligations to physical persons in foreign currency - percent 7,00;

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