Required Reserve Ratios Set for Credit Institutions since 1991
Required Reserve Ratios Set for Credit Institutions
(since 1991)
(in percentages)

Period

Reserve ratio on borrowed funds

June 1, 1991 – January 31, 1992

2

 

Period

 Demand accounts and accounts with terms
under 1 year 		Liabilities with terms longer than 1 year
February 1 – February 29, 1992

10

5

March 1 – March 31, 1992

15

10

April 1, 1992 – January 31, 1995

20

15

 

Period

 Demand accounts and fixed-term liabilities with terms of 30 days and less Fixed-term liabilities falling due from 31 days to 90 days Fixed-term liabilities falling due from 91 days and more Foreign currency accounts Individuals' ruble accounts regardless of term (Sberbank
of Russia)
February 1 – April 30, 1995 22 15 10 2  
May 1, 1995 –April 30, 1996 20 14 10 1.5  
May 1 – June 10, 1996 18 14 10 1.25  
June 11 – July 31, 1996 20 16 12 2.5  
August 1 – October 30, 1996 18 14 10 2.5  
November 1, 1996 – April 30, 1997 16 13 10 5 101
May 1 – November 11, 1997 14 11 8 6 9.5
November 12, 1997 – November 30, 1998 14 11 8 9 9.5
December 1, 1997 – January 31, 1998 14 11 8 9 8
February 1 – August 23, 1998 11 8
August 24 – August 31, 1998 10 7

1 From December 1, 1996.

 

Period For Savings bank (Sberbank of Russia) on attracted funds of corporate clients in rubles and on attracted funds of corporate clients and private individuals in foreign currency On attracted funds in rubles and foreign currency for credit institutions whose share of investment in government securities (GKO-OFZ) in performing assets is 40% or more On attracted funds in rubles and foreign currency for credit institutions whose share of investment in government securities (GKO-OFZ) in performing assets is 20-40%

Sep. 1 – Nov. 30, 1998

 5 5 7,5

 

  Required reserve ratio on legal entities' attracted funds Required reserve ratio on individuals' attracted funds
December 1, 1998 – March 18, 1999 5*
March 19, 1999 – June 9, 1999 7 5

* Single ratio on attracted ruble – and foreign exchange funds.

 

Period

 Required reserve ratio on attracted funds of corporate clients in rubles and on attracted funds of corporate clients and private individuals in foreign currency Required reserve ratio on individuals' funds attracted to deposits in rubles
June 10, 1999 – December 31, 1999

8.5

 5.5
January 1, 2000 – March 31, 2004

10

 7
April 1, 2004 – June 14, 2004

9

 7
June 15, 2004 – July 7, 2004

7

 7

 

Required reserve ratio on credit institutions' liabilities to non-resident banks in rubles and foreign currency Required reserve ratio on liabilities to individuals in rubles Required reserve ratio on credit institutions' other liabilities in rubles and foreign currency
July 8, 2004 – July 31, 2004 — 3.5 3.5
August 1, 2004 – September 30, 2006 2 3.5 3.5
October 1, 2006 – June 30, 2007 3.5 3.5 3.5
July 1, 2007 – October 10, 2007 4.5 4.0 4.5
October 11, 2007 – January 14, 2008 3.5 3.0 3.5
January 15, 2008 – February 29, 2008 4.5 4.0 4.5
March 1, 2008 –  June 30, 2008 5.5 4.5 5
July 1, 2008 – August 31, 2008 7.0 5.0 5.5
September 1, 2008 – September 17, 2008 8.5 5.5 6.0
September 18, 2008 – October 14, 2008 4.5 1.5 2.0
October 15, 2008 – April 30, 2009 0.5 0.5 0.5
May 1, 2009 – May 31, 2009 1.0 1.0 1.0
June 1, 2009 – June 30, 2009 1.5 1.5 1.5
July 1, 2009 – July 31, 2009 2.0 2.0 2.0
August 1, 2009 – October 31, 2009 2.5 2.5 2.5

 

Required reserve ratio on credit institutions' liabilities to non-resident legal entities in rubles Required reserve ratio on credit institutions' liabilities to non-resident legal entities in foreign currency Required reserve ratio on credit institutions' liabilities to individuals in rubles Required reserve ratio on credit institutions' liabilities to individuals in foreign currency Required reserve ratio on credit institutions' other liabilities in rubles Required reserve ratio on credit institutions' other liabilities in foreign currency
November 1, 2009 – January 31, 2011 2.5
February 1, 2011 – February 28, 2011 3.5 3.0 3.0
March 1, 2011 – March 31, 2011 4.5 3.5 3.5
April 1, 2011 – February 28, 2013 5.5 4.0 4.0
March 1, 2013 – 4.25 4.25 4.25

Updated February 12, 2013.

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