of July 29, 2004 No. 96-FZ
About payments of the Bank of Russia for household deposits in the banks declared bankrupt which are not participating in system of compulsory deposit insurance in banks of the Russian Federation
Accepted by the State Duma on July 10, 2004
Approved by the Federation Council on July 15, 2004
The purposes of this Federal Law are establishment of legal, financial and organizational basis for implementation of payments of the Bank of Russia for household deposits in the banks declared bankrupt which are not participating in system of compulsory deposit insurance in banks of the Russian Federation (further - deposit insurance system), and building confidence in bank system of the Russian Federation.
1. This Federal Law regulates conditions of implementation of payments of the Bank of Russia on household deposits in the banks declared bankrupt which are not participating in deposit insurance system, the amount of the specified payments, procedure for their implementation and transition to the Bank of Russia of the rights of requirements to the bank declared bankrupt in the amount of effected payments.
2. The relations arising in connection with implementation of payments by the Bank of Russia for household deposits in the banks which are not participating in deposit insurance system are regulated by this Federal Law and regulations of the Bank of Russia adopted according to it.
In this Federal Law the following basic concepts are used:
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