ARCHIVE. Last updated: 27.03.2020. Up-to-date information is available on the Bank of Russia website (current version).

The banking sector structural liquidity deficit/surplus

(at the beginning of the day)
billions of rubles
Date Structural liquidity deficit (+)/ surplus (-) including
the CBR standard monetary policy instruments regular non-standard CBR monetary policy instruments*
the CBR claims on the banking sector including the CBR liabilities to the banking sector including
auction-based operations standing facilities deposits the CBR bonds
REPOs and buy/sell FX swaps secured loans REPOs and buy/sell FX swaps secured loans auction-based standing facility
1 2 3 4 5 6 7 8 9 10 11 12
27/03/2020 -2,964.2 231.6 0 0 21.5 210.1 -3,389.8 -1,673.5 -173.3 -1,543 194
26/03/2020 -3,104.8 79.7 0 0 22.3 57.5 -3,380.7 -1,673.5 -164.5 -1,542.7 196.2
25/03/2020 -4,031.3 124.9 0 0 26.1 98.7 -4,350.4 -2,743.2 -117.3 -1,489.9 194.2
24/03/2020 -3,779.8 211.3 0 0 66.2 145.1 -4,185.3 -2,499.6 -196 -1,489.7 194.2
23/03/2020 -3,729.2 147.4 0 0 69.6 77.8 -4,070.8 -2,444.2 -137.2 -1,489.4 194.3
20/03/2020 -3,535.2 260.8 250.2 0 5.4 5.1 -3,990.3 -2,339.6 -162 -1,488.7 194.4
* The net of the CBR claims on the banking sector and the CBR liabilities to the banking sector: the CBR specialized monetary policy instruments, contractual committed liquidity facility and sell/buy FX.

Structural liquidity deficit/surplus is calculated as a difference between the CBR aggregated claims on the banking sector and the CBR aggregated liabilities to the banking sector (columns 3+8+12). The banking sector structural liquidity deficit is the state of the banking sector which implies the existence of bank’s permanent need of raising funds with the CBR operations; in case of structural liquidity surplus - permanent need of allocating funds through the CBR operations.

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