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068,3 2 634,3 Bank of Russia 2.2. Bank required reserves of credit institutions transferred to 503,1 573,7 595,2 603,

policy operations • Operation schedule and required reserve averaging periods • Other оperations • Conditions and procedures of domestic market operations • International reserves management • Glossary • Statistics • Analytics Banking

As of the end of September 2019, insurance reserves exceeded 2 trillion rubles (+15.7% YoY). Reserves under life insurance agreements accounted for almost 52

policy operations • Operation schedule and required reserve averaging periods • Other оperations • Conditions and procedures of domestic market operations • International reserves management • Glossary • Statistics • Analytics Banking

Russia Regulation No. 507-P, Dated 1 December 2015, ‘On Credit Institutions’ Required Reserves’ (becomes effective on the first day of the month following the month

pension reserves is calculated as the weighted average (by volume of pension savings/pension reserves) of yields under each fund holding pension savings/pension reserves

were up by 2.2% to 1.4 trillion rubles, and pension reserves — by 1.8% to 2.8 trillion rubles. As before, growth of

surplus were absorbed by international TALKING TRENDS No. 7 / OCTOBER 2019 34 reserves growth of 15.9 billion dollars, mainly through purchasing foreign currency on

of required reserves to be deposited in required reserve accounts and on the amounts of required reserves to be maintained through required reserve averaging by

their foreign assets and other sectors increased their external liabilities. • The international reserves (reserve assets) rose by $15.9 billion (in 2018 Q3, +$5.0