International Investment Position of the Banking sector of Russia in 1995
International Investment  Position of  the Banking sector of Russia as of December 31, 1994  and December 31, 1995
(mln. USD)
 
  Position as of  31.12.94 Changes in Position Reflecting: Position as of   31.12.95
Transactions Valuation changes Other adjustments Total changes

Assets

22,244 6,417 -20 5 6,402 28,645
  Direct investment abroad
2,272 42 106 0 148 2,420
Equity capital and reinvested earnings
1,116 42 57 0 99 1,215
Other capital
1,156 0 49 0 49 1,205
  Portfolio investment
486 305 -26 0 279 764
Equity securities
7 42 -22 0 20 27
Debt securities
479 263 -4 0 259 737
long-term
479 263 -4 0 259 737
short-term
0 0 0 0 0 0
  Other investment
12,980 -4,316 -116 -294 -4,726 8,254
Currency and deposits
9,605 -4,695 -34 -13 -4,742 4,863
Cash foreign currency
688 73 6 0 78 766
Demand and term deposits
8,918 -4,768 -40 -13 -4,820 4,097
long-term
103 71 9 0 80 183
short-term
8,815 -4,839 -49 -13 -4,900 3,914
Loans
1,274 357 96 0 453 1,727
long-term
509 27 8 0 35 544
short-term
765 330 89 0 419 1,183
Arrears
30 4 -5 0 -1 29
Other assets
2,071 18 -174 -281 -437 1,635
long-term
298 63 13 0 76 374
short-term
1,773 -45 -186 -281 -513 1,261
  Reserve assets
6,506 10,386 17 299 10,702 17,207
Monetary gold
2,525 0 0 299 299 2,824
Special drawing rights
3 122 -8 1 115 117
Reserve position in the Fund
1 0 0 0 0 1
Foreign exchange
3,977 10,264 25 -1 10,288 14,265
Liabilities 3,181 2,877 -52 -131 2,694 5,875
  Direct investment in Russia
332 -5 18 0 13 345
Equity capital and reinvested earnings
332 -5 18 0 13 345
Other capital
, 0 0 0 0 0
  Portfolio investment
369 43 25 0 68 437
Equity securities
79 36 17 0 53 132
Debt securities
290 7 8 0 15 305
long-term
290 7 8 0 15 305
short-term
0 0 0 0 0 0
  Other investment
2,480 2,839 -95 -131 2,613 5,093
Currency and deposits
1,168 1,779 -99 0 1,680 2,847
Cash national currency
16 391 -4 0 387 403
Deposits
1,152 1,388 -95 0 1,293 2,444
long-term
9 34 -7 0 27 36
short-term
1,143 1,354 -88 0 1,266 2,408
Loans
444 661 25 0 686 1,130
IMF credit
0 0 0 0 0 0
Other long-term
97 203 0 0 203 300
Short-term
347 458 25 0 483 830
Arrears
0 0 0 0 0 0
Other liabilities
869 399 -21 -131 247 1,116
long-term
2 0 2 0 2 4
short-term
867 399 -23 -131 245 1,112
International Investment Position, net 19,062 3,540 32 136 3,708 22,770

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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