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.
balances are the balances that a depository institution must hold to meet reserve requirements.