Moscow: Due to changes in the laws of the Russian Federation providing for the possibility to set different mandatory reserve requirements (
required reserve ratios,
required reserve averaging ratio) for different types of credit institutions (banks holding a general licence, banks holding a basic licence, non-bank credit institutions), the Bank of Russia Board of Directors decided to set the following mandatory reserve requirements for banks holding a basic licence effective from 1 December 2017.
Prior to 2008, banks did not receive interest on
required reserve balances maintained at the Fed, and the associated opportunity cost was viewed as a stealth tax levied on member banks.
5 percent and the
required reserve rate by 25 basis points to 8 percent.
The People's Bank of China announced Saturday a second 50bp cut in three months to the
required reserve ratio (RRR) for Chinese banks, which will come into force Friday.
ANKARA, Aug 5, 2011 (TUR) -- Turkey's Central Bank has reduced the
required reserve ratios for foreign-exchange deposits by 0.
times and increased the
required reserve ratio of the country's lenders eight
China still has provision to raise banks'
required reserve ratios, Wu Xiaoling, a member of the country's legislative body, reportedly said.
The move increases the
required reserve ratio for the country's biggest banks to a record 20.
5 percent, and increased the
required reserve ratio by 200 basis points to ensure an overall tightening of monetary policy.
25% and reduce the
required reserve ratio by 2 percentage points to 6 percent as of April 1, 2010.
5 million - exceeding the minimum state
required reserve level and meeting the district policy for an ending balance of 5 percent of the general fund.
Required reserve balances are the balances that a depository institution must hold to meet reserve requirements.
