International Investment Position of the Banking sector of Russia in 1999
International Investment Position of the Banking sector of Russia as of December 31, 1998 and December 31, 1999
(mln. USD)
 
 

Position as of  31.12.98

Changes in Position Reflecting:

Position as of   31.12.99

Transactions

Valuation changes

Other adjustments

Total changes

Assets

25,556 5,185 -793 -1,555 2,837 28,393
  Direct investment abroad
2,703 37 -1,007 -656 -1,627 1,077
Equity capital and reinvested earnings
1,491 -65 -98 -656 -819 672
Other capital
1,212 101 -909 0 -808 404
  Portfolio investment
1,308 -254 -162 -31 -447 861
Equity securities
18 -5 -1 -5 -12 6
Debt securities
1,290 -249 -160 -26 -435 855
long-term
748 139 -131 -43 -35 713
short-term
542 -388 -30 17 -400 142
  Other investment
9,322 3,625 550 503 4,678 14,000
Currency and deposits
5,840 3,995 538 786 5,320 11,159
Cash foreign currency
562 110 -7 -3 100 662
Demand and term deposits
5,278 3,885 545 790 5,220 10,497
long-term
430 -90 -1 0 -91 339
short-term
4,848 3,975 546 790 5,311 10,159
Loans
2,890 -409 -53 -249 -711 2,179
long-term
1,482 -84 -13 -232 -329 1,153
short-term
1,408 -325 -40 -18 -382 1,026
Arrears
43 41 -1 175 215 258
Other assets
549 -2 65 -209 -146 403
long-term
43 7 0 11 17 59
short-term
507 -8 65 -220 -163 344
  Reserve assets
12,223 1,777 -173 -1,371 233 12,456
Monetary gold
4,422 0 0 -423 -423 3,998
Special drawing rights
0 -6 6 0 1 1
Reserve position in the Fund
1 0 0 0 0 1
Foreign exchange
7,800 1,783 -179 -948 655 8,455
Liabilities 14,577 -1,797 -266 -706 -2,769 11,808
  Direct investment in Russia
373 465 -251 144 358 731
Equity capital and reinvested earnings
373 440 -247 -3 191 564
Other capital
0 25 -5 147 167 167
  Portfolio investment
495 -77 -25 -47 -149 346
Equity securities
36 20 -19 4 4 40
Debt securities
459 -97 -6 -50 -153 306
long-term
146 -22 -3 0 -25 121
short-term
313 -75 -4 -50 -129 185
  Other investment
13,709 -2,185 10 -803 -2,977 10,732
Currency and deposits
3,751 114 -106 -182 -174 3,577
Cash national currency
36 3 -8 0 -5 31
Deposits
3,715 111 -98 -182 -169 3,546
long-term
912 -334 -14 189 -159 753
short-term
2,803 445 -84 -371 -10 2,793
Loans
8,984 -2,435 -159 -291 -2,884 6,100
IMF credit
3,987 -917 -110 0 -1,027 2,960
Other long-term
1,776 265 -27 -230 8 1,784
Short-term
3,221 -1,783 -22 -61 -1,866 1,355
Arrears
695 337 -2 -223 112 806
Other liabilities
279 -200 276 -106 -30 249
long-term
4 89 -1 0 88 93
short-term
275 -290 277 -106 -118 157
International Investment Position, net 10,979 6,982 -526 -850 5,606 16,585

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 adjustments" includes assets and liabilities of credit institutions, whose licenses to carry out banking activities were cancelled within the reporting period.

Updated July 7, 2005.


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