Banking sector's liquidity conditions: main indicators in the reserve maintenance periods (extended version)1
| The reserve maintenance period | Correspondent account balances (bln of RUR) | Required reserves to be averaged on correspondent accounts (bln of RUR) | Required reserves on special accounts (bln of RUR) | Structural liquidity deficit (+) / surplus (-) (bln of RUR) | Liquidity absorbed by open market operations (bln of RUR) | Liquidity provided by open market operations (bln of RUR) | Monetary policy standing facilities and Supplementary mechanism of liquidity provision (bln of RUR) | Special refinancing facilities and other standing facilities, net (bln of RUR) | Changes in the key rate (b.p.) | Indicators of RUONIA | Indicators of MIACR overnight | Other liquidity-based information (bln of RUR) | Change of banking sector liquidity and its factors2 (bln of RUR) | |||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Change in balances on correspondent accounts and special required reserves accounts with the Bank of Russia | affected by: | |||||||||||||||||||||||||||||||||||||||||
| Operations (standard instruments and special facilities) | Autonomous factors | including: | ||||||||||||||||||||||||||||||||||||||||
| Bank of Russia's operations in the domestic FX market | Change in cash in circulation | Change in general government accounts with the Bank of Russia and other items | of which: | |||||||||||||||||||||||||||||||||||||||
| first day | last day | number of calendar days | total | Bank of Russia's bond auctions | main one-week deposit auctions | fine-tuning deposit auctions | total | longer-term repo and loan auctions | main one-week repo auctions | fine-tuning repo auctions | total, net | deposits | repos PM and FX swaps3 | loans PM4 | repos SM | loans SM5 | RUONIA and key rate spread, average (b.p.) | RUONIA and key rate spread, volatility (b.p.) | RUONIA and key rate spread, bottom of the fluctuatuin range (b.p.) | RUONIA and key rate spread, top of the fluctuatuin range (b.p.) | RUONIA position (bln of RUR) | MIACR overnight and key rate spread, average (b.p.) | MIACR overnight position (bln of RUR) | Autonomous liquidity factors, net (supply(+) / demand (-)) | Surplus liquidity on correspondent accounts | Liquidity placed in bonds and deposits | Liquidity provision through loans, repos and FX swaps | change in amounts outstanding on Federal Tresury's operations with banks | operations with OFZ | operations of the Ministry of Finance of the Russian Federation on the domestic FX market | ||||||||||||
| 12.02.2025 | 11.03.2025 | 28 | 5,239.2 | 5,181.7 | 499.7 | -1,012.3 | 2,178.0 | 0.0 | 2,155.7 | 22.4 | 707.4 | 707.4 | 0.0 | 0.0 | 216.0 | 1,231.8 | 1.2 | 1,431.0 | 0.0 | 15.5 | 299.9 | 0 | 13 | 17 | -24 | 45 | 373.6 | 12 | 341.4 | 6,751.1 | 57.5 | 3,409.9 | 2,455.1 | -54.5 | -126.4 | 71.9 | 0.0 | 207.9 | -136.0 | 62.6 | -310.6 | -111.0 |
| 15.01.2025 | 11.02.2025 | 28 | 5,232.9 | 5,151.4 | 499.6 | -975.0 | 2,692.1 | 0.0 | 2,654.8 | 37.3 | 1,298.6 | 1,298.6 | 0.0 | 0.0 | 198.4 | 1,255.9 | 3.0 | 1,407.9 | 0.1 | 43.3 | 301.6 | 0 | -30 | 29 | -74 | 18 | 304.4 | -32 | 310.2 | 6,707.4 | 81.5 | 3,948.0 | 3,054.5 | 2,213.3 | 1,646.1 | 567.3 | 0.0 | 370.4 | 196.9 | -2,817.3 | 546.1 | -94.4 |
| 11.12.2024 | 14.01.2025 | 35 | 5,291.5 | 5,136.3 | 500.3 | 46.9 | 2,441.6 | 0.0 | 2,384.2 | 57.4 | 1,264.4 | 1,264.4 | 0.0 | 0.0 | 1,080.9 | 1,757.9 | 61.0 | 2,612.3 | 0.0 | 165.5 | 298.4 | 0 | 16 | 66 | -53 | 108 | 423.5 | 18 | 384.0 | 5,744.9 | 155.2 | 4,199.5 | 4,401.6 | 59.5 | -971.3 | 1,030.7 | 0.0 | -167.2 | 1,197.9 | -875.8 | -927.4 | -136.2 |
| 13.11.2024 | 10.12.2024 | 28 | 5,135.4 | 5,019.5 | 504.0 | 250.8 | 2,679.6 | 0.0 | 2,604.0 | 75.6 | 25.8 | 25.8 | 0.0 | 0.0 | 2,752.0 | 1,826.5 | 5.4 | 4,469.3 | 0.0 | 103.7 | 268.5 | 0 | -25 | 21 | -56 | 22 | 369.3 | -25 | 371.0 | 5,388.7 | 116.0 | 4,506.1 | 4,872.8 | -791.1 | -482.2 | -308.9 | 0.0 | -115.6 | -193.3 | 593.1 | -748.8 | -117.6 |
| 09.10.2024 | 12.11.2024 | 35 | 5,051.7 | 4,925.4 | 504.0 | 101.3 | 3,911.5 | 0.0 | 3,899.4 | 12.1 | 0.0 | 0.0 | 0.0 | 0.0 | 3,971.3 | 1,474.2 | 341.2 | 4,947.9 | 0.0 | 156.4 | 167.7 | 200 | -42 | 19 | -73 | 9 | 484.3 | -41 | 556.9 | 5,454.4 | 126.3 | 5,385.7 | 5,613.2 | 435.1 | 482.0 | -46.9 | 0.0 | 95.4 | -142.3 | -482.4 | 480.3 | -128.8 |
| 11.09.2024 | 08.10.2024 | 28 | 4,923.8 | 4,806.6 | 504.0 | -246.0 | 3,313.1 | 0.0 | 3,242.2 | 70.9 | 0.0 | 0.0 | 0.0 | 0.0 | 3,173.4 | 1,358.3 | 44.1 | 4,398.6 | 0.0 | 89.0 | 10.9 | 100 | -41 | 38 | -75 | 47 | 457.4 | -33 | 564.6 | 5,673.9 | 117.2 | 4,671.4 | 4,542.6 | -1,003.3 | -808.3 | -195.0 | 0.0 | -30.6 | -164.4 | 943.6 | -39.6 | -8.5 |
| 14.08.2024 | 10.09.2024 | 28 | 4,989.1 | 4,746.3 | 504.0 | -568.9 | 2,768.1 | 0.0 | 2,734.8 | 33.2 | 0.0 | 0.0 | 0.0 | 0.0 | 2,409.4 | 1,689.5 | 283.5 | 3,760.9 | 0.3 | 54.2 | 32.5 | 0 | 7 | 41 | -44 | 98 | 304.4 | -10 | 446.6 | 6,062.1 | 242.8 | 4,457.5 | 4,131.4 | 631.7 | 770.1 | -138.3 | 0.0 | 18.4 | -156.7 | 1,265.8 | -22.5 | -131.7 |
| 10.07.2024 | 13.08.2024 | 35 | 5,134.3 | 4,769.3 | 504.0 | -618.5 | 3,096.8 | 0.0 | 3,060.0 | 36.8 | 22.7 | 22.7 | 0.0 | 0.0 | 2,622.4 | 1,492.1 | 309.5 | 3,780.1 | 0.0 | 24.9 | 198.2 | 200 | -35 | 47 | -86 | 47 | 291.2 | -30 | 413.9 | 6,256.8 | 364.9 | 4,588.9 | 4,335.4 | -844.4 | -723.9 | -120.4 | 0.0 | -56.1 | -64.3 | -969.8 | 440.9 | -92.5 |
| 05.06.2024 | 09.07.2024 | 35 | 4,954.5 | 4,742.1 | 504.1 | -957.3 | 2,231.1 | 0.0 | 2,108.9 | 122.2 | 158.7 | 158.7 | 0.0 | 0.0 | 1,128.6 | 1,100.0 | 121.2 | 2,099.9 | 0.0 | 7.5 | 198.9 | 0 | -28 | 28 | -75 | 14 | 350.7 | -21 | 614.5 | 6,416.0 | 212.4 | 3,331.2 | 2,586.2 | -231.0 | 130.3 | -361.2 | 0.0 | -65.8 | -295.4 | -704.8 | 62.0 | -163.5 |
| 08.05.2024 | 04.06.2024 | 28 | 4,751.6 | 4,677.0 | 504.2 | -1,080.2 | 1,917.6 | 0.0 | 1,873.7 | 43.9 | 254.8 | 254.8 | 0.0 | 0.0 | 360.1 | 913.9 | 8.4 | 1,261.9 | 0.0 | 3.6 | 297.1 | 0 | -7 | 12 | -20 | 21 | 472.7 | -1 | 714.8 | 6,336.0 | 74.6 | 2,831.5 | 1,825.9 | -640.7 | -825.8 | 185.1 | 0.0 | 145.4 | 39.7 | 205.5 | 17.9 | -106.2 |
| 10.04.2024 | 07.05.2024 | 28 | 4,670.0 | 4,581.9 | 504.3 | -1,056.0 | 2,574.6 | 0.0 | 2,551.0 | 23.6 | 367.8 | 367.8 | 0.0 | 0.0 | 968.3 | 870.7 | 22.3 | 1,717.1 | 0.0 | 99.7 | 270.5 | 0 | -24 | 17 | -41 | 18 | 448.5 | -22 | 520.9 | 6,230.3 | 88.0 | 3,445.3 | 2,477.3 | 2,534.0 | 2,513.5 | 20.5 | 0.0 | -149.9 | 170.4 | 681.3 | 287.7 | -10.2 |
| 13.03.2024 | 09.04.2024 | 28 | 4,658.6 | 4,571.8 | 449.3 | -1,123.3 | 2,480.3 | 0.0 | 1,984.9 | 495.4 | 478.8 | 478.8 | 0.0 | 0.0 | 672.1 | 1,101.2 | 21.4 | 1,620.1 | 0.0 | 131.7 | 293.0 | 0 | -37 | 20 | -75 | -1 | 504.1 | -41 | 450.7 | 6,231.2 | 86.8 | 3,581.5 | 2,545.1 | -1,968.3 | -1,708.4 | -259.9 | 0.0 | 83.2 | -343.1 | 968.2 | -96.0 | -128.8 |
1 Averages of daily positions, if applicable and not specified otherwise. Up to and including maintenance period from December 11, 2024 to January 14, 2025 indicators of RUONIA and MIACR overnight average values were calculated based on days, when the corresponding rates were calculated. Since maintenance period starting from January 15, 2025 the average values are calculated based on calendar days. If RUONIA or MIACR overnight is not calculated on a given day, the RUONIA or MIACR overnight value for the last preceding day is used.
2 The sum of daily flows.
3 Up to and including averaging period from September 13, 2023 to October 10, 2023 – repos and buy/sell FX swaps. Since averaging period from October 11, 2023 to November 14, 2023 – repos PM and buy/sell FX swaps.
4 Up to and including averaging period from September 13, 2023 to October 10, 2023: overnight loans, one-day Lombard loans and one-day loans secured by non-marketable assets. Since averaging period from October 11, 2023 to November 14, 2023 – loans PM and loans, which were provided before October 16, 2023 at key rate plus 100 bps.
5 Up to and including averaging period from September 13, 2023 to October 10, 2023: longer-term Lombard loans and longer-term loans secured by non-marketable assets. Since averaging period from October 11, 2023 to November 14, 2023 – loans SM and loans, which were provided before October 16, 2023 at key rate plus 175 bps.
Discrepancies are possible due to rounding.
PM – the Primary mechanism of liquidity provision, SM – the Supplementary mechanism of liquidity provision.