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required reserves is determined using required reserve ratios set as percentage of reservable liabilities of credit institutions. Required reserves should be deposited in required reserve

11. Shapiro A., Sudhoh M., Wilson D. (2017). Measuring News Sentiment. Federal Reserve Bank of San Francisco Working Paper Series 12. Thorsrud A. (2016). Words

No. 4297-U, dated 22 February 2017, ‘On the Procedure for Investing Insurance Reserve Funds and the List of Assets Eligible for Investment’ (hereinafter, the Ordinance

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

9100, +7 495 621 6465 (Fax) Website www.cbr.ru All rights reserved. The views and opinions expressed in this note are those of the

for Calculating the Invested Amounts of Pension Savings not Included in the Reserves of a Non-governmental Pension Fund to be Recorded in a Funded Pension

Opinion Survey on Bank Lending Practices (SLOOS) of the U.S. Federal Reserve System, and to Bank Lending Survey (BLS) of the European Central Bank.

December 2017 ...............................................................................................................................275 21. Russia’s international reserves ......................................................................................................................276 22. Return on Bank of Russia foreign currency reserves in 2017 .......................................................................276 23. Basic derived indicators

the mounting amount of required reserves banks must maintain at the Bank of Russia — as a result of increased required reserve ratios under credit institutions

cover in future periods, as reflected in the insurer’s unearned premiums’ reserves, and increased by adding cover for the current period that was prepaid