Monetary Base (broad definition)
Monetary Base (broad definition)
(in billions of rubles)
 
  31.12.04 31.01.05 28.02.05 31.03.05 30.04.05 31.05.05 30.06.05 31.07.05 31.08.05 30.09.05 31.10.05 30.11.05 31.12.05
Monetary base (broad definition) 2,380.3 2,144.1 2,259.9 2,250.1 2,237.5 2,263.1 2,302.8 2,341.9 2,417.4 2,538.9 2,483.3 2,527.8 2,914.1
of which:
 -  currency issued (including cash in vaults of credit institutions)1
1,669.9 1,527.7 1,550.0 1,579.1 1,671.7 1,685.9 1,755.5 1,811.8 1,812.5 1,855.8 1,879.7 1,888.5 2,195.4
 -  correspondent account balances of credit institutions with Bank of Russia2
480.4 298.0 337.0 320.9 247.9 266.0 276.7 263.6 310.7 374.4 297.1 335.5 508.6
 -  required reserves3
121.7 125.9 129.6 133.4 134.4 135.1 137.2 142.1 144.7 150.0 154.6 159.8 161.4
 -  banks balances on Bank of Russia deposit facility
91.4 168.1 218.5 149.8 93.2 80.2 34.4 30.2 50.8 64.4 48.4 43.7 7.2
 -  Bank of Russia bonds (OBRs) held by banks
9.7 12.7 16.5 60.6 83.1 86.7 93.2 86.3 92.5 87.0 96.1 94.1 32.8
 -  Bank of Russia obligation to buy back securities4
2.5 2.5 2.5 2.1 2.1 2.1
 -  reserves reguirements on foreign exchange operations held with CBR5
4.7 9.3 5.9 4.2 5.1 7.2 5.7 7.9 6.3 7.4 7.2 6.2 8.8

1 Excluding cash in vaults of Bank of Russia.
2 Accounts in the currency of the Russian Federation, including balances on the organised securities market and in the correspondent account of ARCO (in the period of its functioning as a non-bank credit institution up to May 1, 2005).
3 Required reserves on ruble deposits and foreign currency deposits.
4 Bank of Russia liabilities vis-a-vis credit institutions in respect of operations effected in compliance with Bank of Russia Provision  176-P of January 11, 2002 "On the Procedure of Sales of Government Securities by the Bank of Russia with the Obligation to Repurchase Them".
5 Reserve requirements on foreign exchange operations deposited with the Bank of Russia pursuant to the Bank of Russia Direction No. 1465-U, dated at June 29, 2004, "On Reserve Requirements on Entering Funds to Special Bank Accounts and Writing down Funds from Special Bank Accounts".

Updated January 19, 2006.

 

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