Bank of Russia Deposit Operations

Conditions of Bank of Russia operations to take deposits from credit institutions in the national currency on standard conditions at fixed interest rates

Conditions of Bank of Russia auction-based 1-week deposit and lending operations

Laws and regulations

General description of procedure for conducting deposit operations

Types and conditions of deposit operations

Criteria set by the Bank of Russia for counterparty (potential counterparty) credit institutions to participate in deposit operations

Reasons for suspending Bank of Russia deposit operations with a credit institution

Bank of Russia deposit auction

Bank of Russia fixed-rate deposit operations

Use of the Moscow Exchange Electronic Trading System (MOEX ETS) and the Reuters Dealing System

  • The MOEX ETS
  • The Reuters Dealing System

Bank of Russia counterparties in deposit operations (statistical data)

Future development of Bank of Russia deposit operations

Sources of information on Bank of Russia deposit operations


Laws and regulations

Under Articles 4, 46 and 62.1 of the Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’ and Bank of Russia Regulation No. 404-P, dated 9 August 2013, ‘On Conducting Bank of Russia Deposit Operations with Credit Institutions’ (hereinafter, Regulation No. 404-P), the Bank of Russia conducts operations to take deposits from credit institutions (hereinafter, the deposit operations).

General description of procedure for conducting deposit operations

The Bank of Russia conducts deposit operations with Russian credit institutions in the Russian national currency. The Bank of Russia conducts the following deposit operations: deposit auctions and deposit operations at fixed interest rates.

At present, Bank of Russia system of liquidity-absorption instruments includes:

standard deposit operations at fixed interest rates, used as liquidity-absorption standing facilities, are conducted daily;

1-week deposit auctions, conducted according to the schedule of deposit auctions and Bank of Russia decision on a deposit auction, are used as a main liquidity-absorption instrument of the banking sector. When a respective Bank of Russia decision is made on Monday, a deposit auction is conducted on Tuesday according to the American auction type. Credit institutions may make both competitive and non-competitive bids. The largest possible share of non-competitive bids set by the Bank of Russia for a credit institution is 10%.

If necessary, the Bank of Russia may hold unscheduled 1- to 6-day deposit auction-based fine-tuning operations. The se auctions are conducted with out any preliminary schedules.

As stipulated by Regulation No. 404-P, beside American or Dutch variable-rate auctions, the Bank of Russia may hold fixed-rate deposit auctions.

The procedure for conducting deposit operations sets forth an interchange of credit institutions’ bids and the Bank of Russia’s counterbids (hereinafter, document interchange). Deposit operation conditions are registered in respective Bank of Russia counterbids. The procedure for conducting deposit operations requires the use of the following methods of document interchange between the Bank of Russia and credit institutions:

а) using software and hardware facilities of:

the Reuters Dealing System – credit institutions submit bids to authorised Bank of Russia establishment by including information on their conditions in the text of tender negotiations;

the MOEX ETS – credit institutions submit bids to respective Bank of Russia establishment in the form of electronic messages including bank and contact information according to the Rules of the Moscow Exchange;

b) direct document interchange:

in hard copy – credit institutions submit bids to respective Bank of Russia regional branches where they have primary accounts which are used to make settlements on deposit operations;

electronically – credit institutions submit bids to authorised Bank of Russia establishment in the format prescribed by the Unified Format Album for Electronic Banking Messages.

Direct electronic document interchange is executed from the date set by the Bank of Russia. Information on the beginningdate of a direct electronic document interchange set by the Bank of Russia will be published in the Bank of Russia Bulletin and on its website.

In order to participate in deposit operations a counterparty (potential counterparty) credit institution should conclude a General Deposit Agreement on the participation in Bank of Russia deposit operations (Bank of Russia Letter No. 3-T, dated 15 January 2014, ‘On the Form of General Deposit Agreement on Participation in Bank of Russia Deposit Operations’ (hereinafter, the GDA) by applying with a request to conclude a GDA to a Bank of Russia regional branch (hereinafter, BR RB) with such counterparty (potential counterparty) credit institution has a correspondent account.

Procedure and rules of document interchange between the Bank of Russia and credit institutions, description of details in their bids (counterbids of the Bank of Russia) and the rules of completion thereof, the rules to include information on the conditions of credit institutions’ bids in the text of negotiations conducted using the Reuters Dealing System, codes of deposit operation conditions, which correspond either to standard conditions of fixed-rate deposits or to deposit auction term, – they are all specified in the Rules of Bank of Russia deposit operations with credit institutions approved by Bank of Russia Order No. OD-18, dated 15 January 2014, ‘On Organising Bank of Russia Deposit Operations with Credit Institutions’ (hereinafter, the Rules).

The Rules make an integral part of the GDA. From the effective date of the GDA a credit institution is deemed accepting the Rules as amended on an indicated date. The credit institution agrees with the procedure and conditions of deposit operations established by the Rules by accepting the Rules in general.

The credit institution independently selects a method (methods) of document interchange, and also a primary account corresponding to each selected method. This account is be used to effect settlements on deposit operations to be conducted by a selected method. The credit institution includes in the GDA information on the selected method (methods) and the primary account corresponding to each such method.

‘Correspondence Table of the Methods of Document Interchange between the Bank of Russia and Credit Institutions when Conducting Deposit Operations and Types of Primary Accounts of Credit Institutions’, as approved by Annex 15 to the Rules

Types and conditions of deposit operations

DO types Method of document interchange DO terms (T – date of approval of DO conditions) Interest rate Minimum amount (million rubles) Rules and regulations
direct R-D MOEX ETS direct R-D MOEX ETS
 interchange electronic document exchange interchange electronic document exchange
Standing facilities  
Fixed-rate DO + + + overnight (T+0) 7.25 10 100 1 Bank of Russia Regulation No. 404-P, date 9 August 2017;
Bank of Russia Ordinance № 4590-U, dated 27 October 2017
+ + + overnight: tom-next (Т+1), spot-next (Т+2) 7.25 10 100 1
+ + + oncall (T+0) 7.25 10 100 1
Deposit auctions + + + + one-week (T+1) set by the Bank of Russia according to auction results 10 10 10 1 Rules of deals between the Bank of Russia and credit institutions using the MOEX ETS when conducting Bank of Russia deposit and lending operations, approved by the Moscow Exchange on 25 October 2016 and agreed upon with the Bank of Russia on 31 October 2016
Fine-tuningoperations
Deposit auctions + + from 1 to 6 days (T+0) set by the Bank of Russia according to auction results 100 100 100

Criteria set by the Bank of Russia for counterparty (potential counterparty) credit institutions to participate in deposit operations

Counterparty credit institution in deposit operations should meet the following criteria set forth by Regulation No. 404-P:

it shall belong to classification group 1, 2 or 3 under Bank of Russia Ordinance No. 4336-U, dated 3 April 2017, ‘On the Assessment of Banks’ Economic Situation’ (with changes); a non-bank credit institution should belong to classification group 1 or 2 under Bank of Russia normative acts setting criteria to assess financial situation of non-bank credit institutions;

it shall comply with Bank of Russia reserve requirements (shall have no shortfall in the required reserves or unpaid fines imposed for non-compliance with the reserve requirements, and shall present the required reserve calculation);

it shall not have overdue pecuniary obligations to the Bank of Russia, including on Bank of Russia loans and interest payments on such loans.

Counterparty credit institution in deposit operations shall comply with criteria as of the beginning of the day of a deposit operation.

Potential counterparty credit institution in deposit operations shall belong above specified classification group as of the date of the Bank of Russia’s decision to conclude a GDA with the credit institution and as of the date of its conclusion.

Counterparty (potential counterparty)credit institution in deposit operations wishing to effect settlements on deposit operations via a banking account an authorised settlement organisation, shall empower the Bank of Russia with a right to issue collection orders to recover from the specified account the amount of a fine for the violation of GDA conditions.

Reasons for suspending Bank of Russia deposit operations with a credit institution

The Bank of Russia shall suspend deposit operations with a credit institution under the GDA for the following reasons:

if a credit institution does not comply with at least one of the criteria under Clause 2.1 of Regulation No. 404-P as of the beginning of the day of a deposit operation – for the period till the Bank of Russia receives a documented proof of the credit institution’s compliance with all the criteria under Clause 2.1 of Regulation No. 404-P;

if a credit institution recurrently (twice and more during 30 consecutive calendar days) withdraws its fixed-term deposit placed with the Bank of Russia ahead of schedule– for the period up to 30 calendar days.

The Bank of Russia shall suspend deposit operations with a credit institution via a primary account upon establishing the facts of the change of banking details (account number and (or) BIC of the accountplace), or the closure of the specified primary account of a credit institutions and (or) correspondent account of an authorised settlement organisation opened with the Bank of Russia (hereinafter, an account of an authorised settlement organisation), specified in the GDA:

in case of banking details change or the closure of a primary account with the Bank of Russia – for the period of time till anauthorised Bank of Russia division or RB receives a documented proof of entering into force of the additional agreement to the GDA containing respective changes;

in case of banking details change or the closure of a primary account with an authorised settlement organisation, and (or) a correspondent account of an authorised settlement organisation – for the period of time till an authorised Bank of Russia division receives a documented proof of entering into force of the additional agreement to the GDA containing respective changes.

The Bank of Russia is entitled to suspend deposit operations conducted with a credit institution under the GDA for the following reasons:

if the Bank of Russia identifies the change of the full company name of the credit institution – for the period of time till the Bank of Russia receive a documented proof of entering into force of the additional agreement to the GDA containing respective changes;

ifthe credit institution fails on its obligation to ensure that its name (in Latin letters) in the Reuters Dealing System match its official short name – for the period of time till this requirement is satisfied;

if the credit institution fails on the obligation to send its bid to place a deposit with the Bank of Russia via the Reuters Dealing System by the established deadline, if as a result of a deposit auction the credit institution’s bid to participate in the Bank of Russia deposit auction via the Reuters Dealing System is accepted, – for the period of time up to 30 calendar days.

Bank of Russia’s suspension of deposit operations with the credit institutions shall not influence the process of the execution of obligations under deposit operations conducted before the day deposit operations are suspended for the above specified reasons.

The Bank of Russia shall inform the credit institution about the day of suspension (resumption) of Bank of Russia deposit operations therewith under the GDA in a free written form or by using additional Reuters Dealing System means if the credit institution sends its bids via the Reuters Dealing System.

Bank of Russia deposit auction

Deposit auctions are conducted according to the procedure set forth by Chapter 4 of the Rules.

The Bank of Russia shall inform credit institutions about deposit auction(s) conditions not later than the auction day:

by publishing information on the Bank of Russia website;

using the means of the MOEX ETS (for credit institutions participating in deposit operations conducted using the MOEX ETS).

The credit institution shall submit bids by one or several methods of document interchange stipulated by the GDA within the time limits specified by Annex 12 to the Rules.

The Bank of Russia is entitled to limit the number of deposit auction bids accepted from one credit institution.

Conditions of Bank of Russia auction-based 1-week deposit and lending operations

Interest rates set as a result of deposit auctions

Bank of Russia fixed-rate deposit operations

Fixed-rate deposit operations are conducted according to the procedure set forth by Chapter 5 of the Rules.

The Bank of Russia shall inform credit institutions about deposit operation conditions not later than the day of such fixed-rate deposit operation:

by publishing information on the Bank of Russia website;

using the means of the MOEX ETS (for credit institutions participating in deposit operations conducted using the MOEX ETS).

If the conditions of fixed-rate deposit operations are changed, the Bank of Russia shall update information before the beginning of the period of time during which credit institutions are to submit their bids.

The Bank of Russia is entitled to limit the number of bids on one standard condition accepted from one credit institution during one day.

The credit institution shall submit bids with in the time limits specified by Annex 12 to the Rules.

Conditions of Bank of Russia operations to take deposits from credit institutions in the national currency on standard conditions at fixed interest rates

Interest rates on Bank of Russia deposit operation in the money market

Use of the Moscow Exchange Electronic Trading System (MOEX ETS) and the Reuters Dealing System

The MOEX ETS

Deposit operations via the MOEX ETS are conducted under Regulation No. 404-P and the Rules of deals between the Bank of Russia and credit institutions using the MOEX ETS when conducting Bank of Russia deposit and lending operations (approved by the Moscow Exchange Executive Board on 28 January 2014 and agreed upon with the Bank of Russia on 31 January 2014).

Deposit operations via the MOEX ETS are conducted on behalf of the Bank of Russia by its Moscow-based authorised division, the Bank of Russia General Economic Department (contact telephone numbers: +7 (495) 771-44-26, 771-74-61, 771-44-49).

A credit institution shall have a trade mode identifier in the MOEX ETS to be able to participate in Bank of Russia deposit operations via the MOEX ETS.

As a primary account for settlements on deposit operations, a credit institution may use a correspondent account (subaccount) opened with the Bank of Russia or a bank account opened with an authorisedsettlement organisation – the National Settlement Depository (NSD) or the Petersburg Settlement Centre (PSC).

If a credit institution wants to use a banking account opened with the authorised settlement organisation as the primary account, this credit institutions shall additionally:

conclude with the authorised settlement organisation a bank account agreement (additional agreement to such agreement) containing conditions stipulated by Clause 2.3 of Regulation No. 404-P;

together with GDA (additional agreements to the GDA) copies submit to the BR RB a copy (in one duplicate) of the bank account agreement (additional agreement to the agreement) between the credit institution and the authorised settlement organisation on such bank account opened with the authorised settlement organisation.

List of authorised settlement organisations

Depending on the place of the primary account used by the credit institution to settle deposit operations via the MOEX ETS an authorised Bank of Russia establishment is identified, which establishment shall open a deposit account to take deposits under respective deposit operations.

The Reuters Dealing System

Deposit operations via the Reuters Dealing System are conducted under Regulation No. 404-P and the Rules specifying, among other things, the procedure of including information on the conditions of credit institutions’ bids in the text of negotiations performed via the Reuters Dealing System.

Information on the conditions of deposit operations via the Reuters Dealing System (at fixed interest rates and interest rates set as a result of auctions) are published on the Bank of Russia website.

Deposit operations via the Reuters Dealing System are conducted on behalf of the Bank of Russia by its Moscow-based authorised division, the Bank of Russia General Economic Department (contact telephone numbers: +7 (495) 771-44-26, 771-74-61, 771-44-49).

A credit institution shall have a dealing code (dealing codes) in the Reuters Dealing System to be able to participate in Bank of Russia deposit operations via the Reuters Dealing System.

As a primary account for settlements on deposit operations, a credit institution may use a correspondent account (subaccount) opened with the Bank of Russia or a bank account opened with an authorised settlement organisation – the National Settlement Depository (NSD).

List of authorised settlement organisations

Depending on the place of the primary account used by the credit institution to settle deposit operations via the Reuters Dealing System an authorised Bank of Russia establishment is identified, which establishment shall open a deposit account to take deposits under respective deposit operations.

 

Bank of Russia counterparties in deposit operations (statistical data)

Number of credit institutions which have agreements with the Bank of Russia on deposit operations

million rubles

Region 01.01.2010 01.01.2011 01.01.2012 01.01.2013 01.01.2014 01.02.2014 01.03.2014 01.04.2014 01.05.2014 01.06.2014 01.07.2014 01.08.2014 01.09.2014 01.10.2014 01.11.2014 01.12.2014 01.01.2015 01.02.2015 01.03.2015 01.04.2015 01.05.2015 01.06.2015 01.07.2015 01.08.2015 01.09.2015 01.10.2015
Russian Federation 418 451 470 493 500 512 378 435 460 470 476 481 485 499 507 510 513 514 523 527 539 543 547 540 537 537
CENTRAL FEDERAL DISTRICT 274 283 300 314 319 324 193 235 256 263 267 270 274 283 284 285 287 289 296 298 307 306 305 302 301 301
Belgorod Region 1 1 1 1 1 1 2 2 2 2 2 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3
Bryansk Region
Vladimir Region 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Voronezh Region 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Ivanovo Region 3 3 3 3 3 3 2 2 2 2 2 2 2 2 2 2 2 2 2 2 3 3 3 3 3 3
Kaluga Region 1 1 1 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2
Kostroma Region 2 2 2 2 2 3 3 3 3 3 3 3 3 4 4 4 4 4 4 4 4 4 4 4 4 4
Kursk Region
Lipetsk Region 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Orel Region
Ryazan Region 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 2 2 3 3 3 4 4 4 4 4 4
Smolensk Region
Tambov Region
Tver Region 2 1 1 1 1 4 4 4 4 4 4 4 4 3 3 3 3 3 3 3 3 3 3 3 3 3
Tula Region 2 2 2 3 3 3 2 2 2 2 2 3 3 3 3 3 3 3 3 3 3 3 3 2 2 2
Yaroslavl Region 2 1 1 1 2 2 2 2 3 3 4 4 4 4 4 4 3 3 3 3 3 3 3
Moscow and Moscow Region 259 271 289 302 306 305 175 214 235 242 246 246 250 258 258 259 261 262 269 272 279 278 277 275 274 274
NORTH-WESTERN FEDERAL DISTRICT 20 24 25 27 32 33 24 26 28 28 29 30 30 32 33 33 34 34 34 34 35 35 35 36 36 36
Republic of Karelia
Republic of Komi 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Arkhangelsk Region 1
Nenets Autonomous Area    
Arkhangelsk Region, excluding data for Nenets Autonomous Area    
Vologda Region 3 5 6 6 7 7 5 6 7 7 7 7 7 7 7 7 7 7 7 7 7 6 6 6 6 6
Kaliningrad Region 2 3 2 2 2 2 1 2 2 2 2 2 2 2 2 2 1 1 1 1 1 1 1 1 1 1
Leningrad Region 1 1 2 2 2 2 2 2 2 3 3 3 3 3 3 3 3 3 3 3 3 3
Murmansk Region 1 1 1 2 2 2 2 2 2 2 2 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3
Novgorod Region 1 1 1 1 1 1 1 1 1 1 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2
Pskov Region 1 1 1 1 1 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2
Saint Petersburg 11 13 15 15 18 18 11 11 11 11 11 11 11 12 13 13 15 15 15 15 16 17 17 18 18 18
SOUTHERN FEDERAL DISTRICT 22 24 25 26 26 27 30 32 34 34 34 34 34 35 36 36 36 36 36 36 36 36 37 34 34 35
Republic of Adigei (Adigeya) 2 2 2 2 2 2 3 3 3 3 3 3 3 3 4 4 4 4 4 4 4 4 4 4 4 4
Republic of Kalmykia 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Krasnodar Territory 4 6 8 9 9 9 9 11 13 13 13 13 13 13 13 13 13 13 13 13 13 13 14 12 12 13
Astrakhan Region 1 1 2 2 2 3 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4
Volgograd Region 2 3 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4
Rostov Region 12 12 9 9 9 9 9 9 9 9 9 9 9 10 10 10 10 10 10 10 10 10 10 10 10 10
NORTH CAUCASIAN FEDERAL DISTRICT 1 4 3 4 4 4 5 6 6 6 7 7 7 7 8 8 9 8 8 8 9 10 11 11 10 10
Kabardino-Balkar Republic 2 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Karachay-Cherkess Republic 1 1 1 1 1 2 2 2 2 2 2 2 2 2 2 2 2 2 2 3 3 3 3 3 3
Republic of Daghestan 1 2 2 2 2 2 2 2 3 3 3 2 2 2 2 2 2 2 2 2
Republic of Ingushetia
Republic of North Ossetia — Alania
Stavropol Territory 1 1 1 2 2 2 2 2 2 2 3 3 3 3 3 3 3 3 3 3 3 4 5 5 4 4
Chechen Republic
VOLGA FEDERAL DISTRICT 42 50 51 56 54 58 63 71 71 74 74 74 74 74 74 77 75 75 76 77 79 80 81 81 80 80
Republic of Bashkortostan 2 3 2 4 4 6 4 4 4 4 4 4 4 4 4 4 4 4 4 5 5 5 5 5 5 5
Mari El Republic 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Republic of Mordovia 1 2 2 2 2 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3
Republic of Tatarstan (Tatarstan) 14 16 16 16 15 15 17 17 17 19 19 19 19 19 19 20 20 20 20 20 21 21 21 21 21 21
Udmurt Republic 2 2 1 1 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2
Chuvash Republic — Chuvashia 1 1 1 1 2 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 4 4 3 3
Perm Territory 3 3 3 3 3 3 3 3 3 3 3 3 4 4 4 4 4 4 4 4
Kirov Region 1 2 2 2 2 2 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3
Nizhny Novgorod Region 6 6 6 7 7 7 7 7 7 7 7 7 7 8 8 9 8 8 8 8 8 9 9 9 9 9
Orenburg Region 2 2 2 3 3 3 3 5 5 5 5 5 5 5 5 6 6 6 6 6 6 6 6 6 6 6
Penza Region 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Samara Region 14 15 15 14 13 12 13 14 14 14 14 14 14 13 13 13 12 12 12 12 12 12 12 12 12 12
Saratov Region 2 2 2 5 5 6 8 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9
Ulyanovsk Region 1 1 1 1 1 1
URALS FEDERAL DISTRICT 26 29 29 29 29 29 29 30 30 30 29 29 29 30 30 29 28 28 28 27 27 27 26 26 26 26
Kurgan Region 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Sverdlovsk Region 9 10 10 10 11 11 9 10 10 10 9 9 9 10 10 10 10 10 10 10 10 10 10 10 10 10
Tyumen Region 10 12 11 11 11 11 12 12 12 12 12 12 12 12 12 11 10 10 10 9 9 9 8 8 8 8
Khanty-Mansi Autonomous Area — Yugra         6 6 6 6 6 6 5 5 5 4 4 4 4 4 4 4
Yamal-Nenets Autonomous Area        
Tyumen Region, excluding data for Khanty-Mansi Autonomous Area — Yugra and Yamal-Nenets Autonomous Area         6 6 6 6 6 6 5 5 5 5 5 5 4 4 4 4
Chelyabinsk Region 7 7 8 8 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7 7
SIBERIAN FEDERAL DISTRICT 20 19 19 21 21 21 21 22 22 22 23 24 23 24 27 27 28 28 29 29 28 29 30 30 30 30
 Altai Republic 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Republic of Buryatia 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Republic of Tyva 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Republic of Khakassia 2 2 1 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2
Altai Territory 1 1 1 2 2 2 2 2 2 2 2 2 3 3 3 3
Krasnoyarsk Territory 5 4 4 4 4 4 3 3 3 3 3 3 3 3 4 4 4 4 4 4 4 4 4 4 4 4
Irkutsk Region 1 1 1 1 1 1 2 2 2 2 2 2 2 2 3 3 3 3 3 3 3 3 3 3 3 3
Kemerovo Region 1 1 1 2 3 3 4 4 4 4 4 4 4 4 4 4 5 5 6 6 6 6 6 6 6 6
Novosibirsk Region 8 6 7 7 6 6 5 5 5 5 5 5 5 5 5 5 5 5 5 5 4 5 5 5 5 5
Omsk Region 1 1 1 1 1 1 1 2 2 2 2 3 2 2 2 2 2 2 2 2 2 2 2 2 2 2
Tomsk Region 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2
Trans-Baikal Territory
FAR- EASTERN FEDERAL DISTRICT 14 18 18 16 15 16 13 13 13 13 13 13 14 14 15 15 16 16 16 18 18 19 19 18 17 16
Republic of Sakha (Yakutia) 3 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 3 3 2
Primorye Territory 6 7 7 6 6 6 3 3 3 3 3 3 4 4 5 5 6 6 6 6 6 6 6 6 5 5
Khabarovsk Territory 2 2 2 1 1 1 2 2 2 2 2
Amur Region 1 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2
Kamchatka Territory 1 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 3 3 3 3 3 3 3
Magadan Region
Sakhalin Region 1 1 1 1 1 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2
Jewish Autonomous Region
Chukotka Autonomous Area
CRIMEA FEDERAL DISTRICT 0 6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 2 3 3
Republic of Crimea 5 2 1 2 2
Sevastopol 1 1 1 1 1 1

Till 01.01.2014 — according to Bank of Russia Regulation No. 203-P, dated 5 November 2002.
On 01.02.2014 — according to Bank of Russia Regulations No. 203-P, dated 5 November 2002, and No. 404-P, dated 9 August 2014.
On 01.03.2014 — according to Bank of Russia Regulation No. 404-P, dated 9 August 2014.

 

 

 

Amount of deposits of credit institutions with the Bank of Russia*

million rubles

Year/monthAmount
2004, total 7,056,494.9
2005, total 9,630,609.4
2006, total 9,701,976.0
2007, total 45,095,839.9
2008, total 17,729,941.7
2009, total 17,639,406.5
2010, total 35,275,901.5
2011, total 70,122,720.6
2012, total 25,995,966.3
2013, total 20,555,452.4
2014, total 27,037,797.5
   
2015
January 6,144,802.9
February 5,733,153.2
March 3,304,073.8
April 4,450,926.1
May 3,557,989.8
June 5,321,075.2
July 6,821,617.0
September 4,941,062.9
October 5,286,884.9
2015, total 45,561,585.8


* Till January 2014 – according to Bank of Russia Regulation No. 203-P, dated 5 November 2002.
From February 2014 – according to Bank of Russia Regulation No. 404-P, dated 9 August 2014
.

Future development of Bank of Russia deposit operations

In the framework of deposit operation development the Bank of Russia intends:

  • to build up a direct electronic document interchange;
  • to remove limitations on the number of primary accounts of a credit institution on the basis of ‘one method – one account’ principle;
  • technical implementation of a fixed-term deposit early withdrawal option.

Sources of information on Bank of Russia deposit operations

Information on Bank of Russia deposit operations is included in the following Bank of Russia publications:

  1. Bank of Russia Bulletin.
  2. Bank of Russia Statistical Bulletin:
    • Table 1.17. Monetary Base (Broad Definition);
    • Table 2.6. Fixed-term Rates on the Bank of Russia Deposit Operations;
    • Table 2.11. Weighted Average Interest Rates on the Bank of Russia Deposit Operations;
    • Table 2.12. Main Characteristics of the Bank of Russia Deposit Operations;
    • Table 2.13. Results of the Bank of Russia Deposit Auctions (including Fine-tuning Deposit Auctions);
    • Table 6.2.9. Number of Credit Institutions which Have Concluded with the Bank of Russia Deposit Agreements (DA) and General Loan Agreements (GLA); Number of Correspondent Accounts/Subaccounts (C/S) Credited by the Bank of Russia;
    • Chart 7.2. Money Market Interest Rates Dynamics in December ____ – December ____;
    • Chart 7.2. Money Market Interest Rates Dynamics in December ____ – December ____;
    • Diagram 7.3. Credit Institutions under Agreements with the Bank of Russia on Deposit Operations in Accordance with Bank of Russia Regulation No. 404-P, dated 9 August 2013, Grouped by Size of Registered Authorised Capital as of ____;
    • Diagram 7.7. Structure of Broad Monetary Base as of ___;
    • Section 8. Summary Methodology.
  3. Guidelines for the Single State Monetary Policy.
  4. Bank of Russia Annual Report.
  5. Monetary Policy Report.

Updated on 19 October 2015.

Please address all questions related to the procedure of Bank of Russia deposit operations to the Section of Methodology of Deposit Operations and Required Reserves, the Bank of Russia General Economic Department at telephone numbers: +7 (495) 771-42-17; +7 (495) 771-90-71; +7 (495) 771-45-95.

Suggestions regarding the improvement of the mechanism of Bank of Russia deposit operations may be forwarded to the Section of Methodology of Deposit Operations and Required Reserves, the Bank of Russia General Economic Department at vvv4@cbr.ru.

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