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Federal Reserve and the ECB in Q1 2019, the cember following the meeting of the US Federal situation in the global financial markets nor- Reserve

regulation of banks’ required reserves with the Bank of Russia 0.0 0.0 0.0 2. Change in free bank reserves (correspondent accounts) (demand

3 66 Required Reserves Ratios (percent) Required reserve ratio Required reserve ratio Required reserve ratio Required reserve ratio Required reserve ratio Required reserve ratio on

Required reserves Required reserves calculate a required period duration daily balances to be averaged recorded to reserves amount for a (days) Reporting period Required reserves

was positive in June. This was mostly due to the US Federal Reserve System’s meeting where it announced possible easing of monetary policy this

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central banks include: • US Federal Reserve System (Fed) – A target for an interest rate at which depository institutions lend reserve balances to other depository institutions