OREANDA-NEWS. November 07, 2011.Russia’s Finance Ministry hereby informs about the results of investing funds of the Reserve Fund and the National Wealth Fund as of November 1, 2011

The Reserve Fund

The aggregate amount of the Reserve Fund was 790.02 billion rubles, which is equivalent to 26.42 billion US dollars. The amounts of balances in separate accounts to record funds of the Reserve Fund were:
11.08 billion US dollars
9.04 billion euros;
1.58 billion pounds sterlings.

The aggregate calculated income from placing funds of the Reserve Fund recalculated in dollars in the Bank of Russia’s foreign currency accounts for a period from January 15, 2011, to October 31, 2011, was 0.40 billion US dollars, which is equivalent to 11.94 billion rubles. The exchange rate difference from recalculating balances of funds in the said accounts from January 1 to October 31, 2011 was a positive value of 15.12 billion rubles.

The National Wealth Fund

In October of 2011 in accordance with Federal Law dated October 13, 2008 № 173-FZ “On Additional Measures for Supporting the Financial System of the Russian Federation” and Resolution of the Russian Government dated January 19, 2008 № 18 monetary resources of the National Wealth Fund in the amount of 14.00 billion rubles were placed on Vnesheconombank’s deposit in order to extend credits to OJSC Housing Mortgage Lending Agency.

The aggregate amount of the National Wealth Fund was 2 .726.42 billion rubles which is equivalent to 91.19 billion US dollars including:

1) In separate accounts to record funds of the National Wealth Fund with the Bank of Russia:
27.99 billion US dollars;
24.41 billion euros;
4.43 billion pounds sterlings;

2) 455.02 billion rubles and 6.25 billion US dollars are deposited with Vnesheconombank.

In October of 2011, incomes from placing the Fund’s monetary resources on Vnesheconombank’s deposits in the amount of 7.19 billion rubles which is equivalent to 0.22 billion US dollars were transferred to the federal budget. The aggregate income from placing the Fund’s monetary resources on Vnesheconombank’s deposits from January to October of 2011 was 29.68 billion rubles which is equivalent to 1.00 billion dollars.

The aggregate calculated income from placing funds of the National Wealth Fund recalculated in dollars in the Bank of Russia’s foreign currency accounts for a period from January 15 to October 31, 2011, was 1.05 billion US dollars, which is equivalent to 31.46 billion rubles. The exchange rate difference from recalculating balances of funds in the said accounts from January 1 to October 31, 2011 was a positive value of 37.93 billion rubles and the exchange rate difference from recalculating funds placed on Vnesheconombank’s deposits in US dollars was a negative value of (-)3.62 billion rubles.

Indicators of the aggregate amount of the Reserve Fund and the National Wealth Fund as well as of calculated incomes from placing funds of the Reserve Fund and the National Wealth Fund were calculated on the basis of official exchange rates of foreign currencies set by the Bank of Russia as of the date prior to the reporting date and of cross rates calculated on the basis of the said exchange rates.

Detailed statistics on transactions with funds of the Reserve Fund and the National Wealth Fund is posted on the Internet site of the Russian Finance Ministry in the following sections: “The Reserve Fund” and “The National Wealth Fund” in appropriate subsections in Russian and English, the statistics is updated on a regular basis.