INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of June 1, 2015 No. 3654-U

About modification of the Provision of the Bank of Russia of August 7, 2009 No. 342-P "About required reserves of credit institutions"

1. 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 June 1, 2015 No. 17) to bring in the Provision of the Bank of Russia of August 7, 2009 No. 342-P "About required reserves of credit institutions", registered by the Ministry of Justice of the Russian Federation on September 15, 2009 No. 14775, on December 11, 2009 No. 15557, on September 30, 2011 No. 21956, on February 12, 2013 No. 27003, on December 17, 2013 No. 30616, on October 16, 2014 No. 34358 ("the Bulletin of the Bank of Russia" of September 21, 2009 No. 55, of December 18, 2009 No. 73, of October 12, 2011 No. 56, of February 20, 2013 No. 10, of December 24, 2013 No. 77, of October 23, 2014 No. 99), the following changes.

1.1. In preamble of the word "establishes procedure for deposition by credit institutions of required reserves in the Bank of Russia" shall be replaced with words "establishes procedure for accomplishment by credit institutions of mandatory reserve requirements, including procedure for deposition of required reserves in the Bank of Russia".

1.2. State Item 1.1 in the following edition:

"1.1. Mandatory reserve requirements - the standard rates of required reserves, coefficient of averaging of required reserves (further - averaging coefficient) established by the Board of directors of the Bank of Russia and published in "the Bulletin of the Bank of Russia".

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