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Reserves Ratios BULLETIN (percent) STATISTICAL Required reserve ratio Required reserve ratio Required reserve ratio BANK OF RUSSIA Required reserve ratio Required reserve ratio Required reserve

and bonds of Russian constituents and municipalities. Lifting the ban on investing reserve options and guarantees in derivatives was also proposed. In order to mitigate

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495 771-91-00, +7 495 621-64-65 (fax) Website www.cbr.ru All rights reserved. This report represents the authors’ personal opinion and does not necessarily reflect

Bank of Russia Ordinance No. 4871-U, dated 20.07.2018, ‘On Mandatory Reserve Requirements’ (becomes effective from 1 August 2018; officially published on the Bank

US from $2 billion to $3 billion. Federal Reserve’s Policy The tightening of the Federal Reserve’s policy will result directly in the increased

of foreign currency in liabilities regularly and, if necessary, might alter required reserve ratios on FX liabilities. Starting from June, the Financial Market Risk Review

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