The Deposit auction of the Treasury on 26 October was attended by five banks. The weighted average interest rate and the cut-off rate was 11% per annum.
MOSCOW, 26 Jan. Demand of Russian banks in the Deposit auction of the Treasury of the Russian Federation on Monday amounted to 415 billion rubles, 2.8 times higher than the limit of 150 billion rubles, follows from the Treasury.
Funds are given for 10 days: date of Deposit — October 27, — November 6. In the auction was attended by five banks, the application of one of them were satisfied. The weighted average interest rate and the cut-off rate was 11% per annum.
The Treasury of the Russian Federation jointly with the Ministry of Finance and the Central Bank since 2008 regularly allocates funds from the Federal budget on Bank deposits, when the balance on the unified Federal budget exceeds the level required for payment presented monetary obligations.