FEDERAL LAW

of May 10, 1995 No. 73-FZ

About recovery and protection of savings of citizens of the Russian Federation

Accepted by the State Duma on February 24, 1995

Approved by the Federation Council on March 1, 1995

This Federal Law establishes obligations of the Russian Federation on recovery and ensuring safety of value of cash savings of citizens of the Russian Federation.

Article 1. The state guarantees recovery and ensuring safety of value of the cash savings created by citizens of the Russian Federation by the room of money:

on deposits to Savings bank of the Russian Federation (earlier State labor savings banks of the USSR operating in the territory of RSFSR; Russian republican bank of Sberbank of the USSR; Sberbank of RSFSR) during the period till June 20, 1991;

on deposits to the organizations of national insurance of the Russian Federation (before the organization of national insurance of the USSR, acting in the territory of RSFSR; the organizations of national insurance of RSFSR) by contractual (accumulative) types of personal insurance during the period till January 1, 1992;

in government securities (the USSR and RSFSR) which placement was made in the territory of RSFSR during the period till January 1, 1992;

(further for the purposes of this Federal Law - guaranteed savings of citizens.

Article 2. Guaranteed savings of citizens are the public internal debt of the Russian Federation.

Article 3. The public internal debt of the Russian Federation on guaranteed savings of citizens is guaranteed by state-owned property according to the Constitution of the Russian Federation and all assets which are at the disposal of the Government of the Russian Federation.

Article 4. The value of guaranteed savings of citizens purchasing power of made money at the time of their investment is recognized.

Purchasing power of money is calculated proceeding from the cost of the fixed set of the main consumer goods and services including the food allowance, goods and services providing normal physiological existence of the person.

For guaranteed savings of the citizens created till March 1, 1991, purchasing power of money is considered constant and is determined by purchasing power of currency of the USSR in 1990.

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