RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF BELARUS

of December 31, 2013 No. 803

About modification of the Instruction about procedure for forming by banks of the fund of required reserves placed in National Bank of the Republic of Belarus

Based on the paragraph of the eleventh of Article 26, the Board of National Bank of the Republic of Belarus DECIDES: parts one of Article 32 and part one of article 39 of the Bank code of the Republic of Belarus

1. Bring in the Instruction about procedure for forming by banks of the fund of required reserves placed in National Bank of the Republic of Belarus approved by the resolution of Board of National Bank of the Republic of Belarus of December 28, 2012 No. 731 (The national legal Internet portal of the Republic of Belarus, 20.01. 2013, 8/26808), following changes:

1.1. to exclude the word of "(department)" from Item 3;

1.2. in paragraph three of Item 5 of the word "other regulatory legal acts of National Bank" shall be replaced with words "other bank law";

1.3. in Item 9:

in subitem 9.1:

to state the interlinear note to paragraph one in the following edition:

"______________________________

* Balance sheet accounts are specified according to appendix 1 to the resolution of Board of National Bank of the Republic of Belarus of August 29, 2013 to No. 506 "About establishment of the Chart of accounts of financial accounting in banks and the non-bank credit and financial organizations of the Republic of Belarus and approval of the Instruction about procedure for application of the Chart of accounts of financial accounting in banks and the non-bank credit and financial organizations of the Republic of Belarus" (The national legal Internet portal of the Republic of Belarus, 12.10. 2013, 8/27947).";

in paragraphs four and the fifth to replace the word "listed" with the word "provided";

word in paragraph six of "means from clients" shall be replaced with words "from clients of means";

in part seven of subitem 9.2 of the word "No. 6834" expenses to payment for transactions with securities – percent "shall be replaced with words" No. 6471 "Deferred expenses – interest expenses" regarding difference between nominal value and the actual price of placement (sale) of the securities issued by bank (the discount amount) in case of their placement (sale) at the price below nominal value";

1.4. state Item 14 in the following edition:

"14. If reserve requirements are calculated by bank incorrectly, the National Bank in writing reports about it to bank. If as a result of the wrong calculation the size of reserve requirements bank is underestimated, then the size of the fixed part of reserve requirements of the closest period of accomplishment of reserve requirements increases for bank by the amount of the revealed mistake. If as a result of the wrong calculation the size of reserve requirements bank is overestimated, then the size of the fixed part of reserve requirements of the closest period of accomplishment of reserve requirements for bank does not change.";

1.5. the second offer of Item 16 to state in the following edition: "The standard rate of the fixed part of reserve requirements (as a percentage) is established according to the resolution of Board of National Bank of the Republic of Belarus of October 27, 2011 No. 473 "About establishment of standard rates of the required reserves deposited in National Bank of the Republic of Belarus (reserve requirements)" (The national register of legal acts of the Republic of Belarus, 2011, No. 122, 8/24322).";

1.6. in part one of Item 17 of figure "098" to replace with figures "998";

1.7." (technical failure, etc.)" to exclude from part three of Item 18 of the word;

1.8. to state appendices 1 and 2 to this Instruction in the following edition:

Appendix 1

to the Instruction about procedure for forming by banks of the fund of required reserves placed in National Bank of the Republic of Belarus

Form

Data on remaining balance of the raised funds participating in calculation of reserve requirements

with 1 ________ 20 __ on 1 _______ 20 __.
(settlement period)

_____________________________________________

(full name of bank)

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