International Investment Position of the Banking sector of Russia in 1994
International Investment  Position of  the Banking sector of Russia as of December 31, 1993 and December 31, 1994
(mln. USD)
 
  Position as of  31.12.93 Changes in Position Reflecting: Position as of   31.12.94
Transactions Valuation changes Other adjustments Total changes

Assets

23,409 1,095 -1,618 -641 -1,164 22,244
  Direct investment abroad
2,277 -11 84 -78 -5 2,272
Equity capital and reinvested earnings
1,156 -11 49 -78 -40 1,116
Other capital
1,121 0 35 0 35 1,156
  Portfolio investment
590 -114 -7 17 -104 486
Equity securities
0 19 -12 0 7 7
Debt securities
590 -133 5 17 -111 479
long-term
590 -133 5 17 -111 479
short-term
0 0 0 0 0 0
  Other investment
11,648 3,116 -1,737 -46 1,333 12,980
Currency and deposits
9,098 896 -388 0 508 9,605
Cash foreign currency
528 218 -58 0 160 688
Demand and term deposits
8,570 678 -330 0 348 8,918
long-term
86 25 -8 0 17 103
short-term
8,484 653 -322 0 331 8,815
Loans
212 1,085 -24 0 1,062 1,274
long-term
46 466 -3 0 463 509
short-term
166 619 -21 0 599 765
Arrears
1 32 -3 0 29 30
Other assets
2,336 1,103 -1,322 -46 -265 2,071
long-term
116 170 12 0 182 298
short-term
2,220 933 -1,334 -46 -447 1,773
  Reserve assets
8,894 -1,896 41 -533 -2,388 6,506
Monetary gold
3,059 0 0 -533 -533 2,525
Special drawing rights
5 -2 -1 0 -3 3
Reserve position in the Fund
1 0 0 0 0 1
Foreign exchange
5,830 -1,894 42 0 -1,852 3,977
Liabilities 3,050 993 -881 20 132 3,181
  Direct investment in Russia
183 56 93 0 149 332
Equity capital and reinvested earnings
183 56 93 0 149 332
Other capital
0 0 0 0 0 ,
  Portfolio investment
380 -44 33 0 -11 369
Equity securities
90 45 -56 0 -11 79
Debt securities
290 -89 89 0 0 290
long-term
290 -89 89 0 0 290
short-term
0 0 0 0 0 0
  Other investment
2,487 981 -1,007 20 -6 2,480
Currency and deposits
1,241 474 -547 0 -73 1,168
Cash national currency
682 -325 -341 0 -666 16
Deposits
559 799 -206 0 593 1,152
long-term
7 8 -6 0 2 9
short-term
552 791 -200 0 591 1,143
Loans
50 426 -32 0 394 444
IMF credit
0 0 0 0 0 0
Other long-term
21 77 -1 0 76 97
Short-term
29 349 -31 0 318 347
Arrears
0 2 -2 0 0 0
Other liabilities
1,196 79 -426 20 -327 869
long-term
7 -4 -1 0 -5 2
short-term
1,189 83 -425 20 -322 867
International Investment Position, net 20,359 102 -737 -660 -1,296 19,062

Memo items. A positive sign denotes a net increase in assets or liabilities; a negative sign denotes a net decrease. This sign convention differs from that used in BOP statistics.
Notes:
1. The table covers data on the Bank of Russia and credit institutions including Vnesheconombank. Transactions in government foreign debt and government foreign assets performed by Vnesheconombank as an agent of the Government of Russian Federation are not included.
2. The item «Reserve assets» includes among other reserve assets foreign exchange reserves of the Minfin of Russia as a monetary authority.
3. Starting end June 2002 publication item "Currency and deposits" (short-term), Assets, includes item "adjustment to reserve assets", which was previously shown separately. This adjustment was introduced for the purpose of reconciliation of balance of payments and international investment position data that are prepared in accordance with the 5th Edition of IMF's Balance of Payments Manual, on the one hand, and international reserves data, which have national peculiarities, on the other. The methodology of preparation of official reserves has the following differences from the one contained in the Manual:
- up to the 3rd quarter, 1999 short-term foreign currency deposits in resident banks were included in the international reserves;
- started from the 3rd quarter, 1999 reserve assets are determined net of counterpart of foreign exchange funds placed on the resident banks' accounts with the Bank of Russia (excluding funds extended by the Bank of Russia for the servicing of official foreign debt).
4. Gold is valued at US$ 300 per troy ounce.
5. The item «Use of Fund credit» shows the indebtedness of the Bank of Russia to the IMF.
6. Column "Other changes" includes changes in reporting arrangements between the 4th quarter of 1997 and the 1st quarter of 1998, which take effect on stocks of foreign assets and liabilities of commercial banks on January 1, 1998. Those amendments accounted for less than 5%.

Updated July 7, 2005.


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