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Banks' correspondent accounts with CBR decline 4.8%

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MOSCOW, December 21 (RIA Novosti) - Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 477.4 billion rubles ($18.2 billion at the current exchange rates) at the beginning of the business day, down 4.8% (23.9 billion rubles/$910 million) from Wednesday, the CBR said Thursday.

Credit institutions' balances on deposit accounts with the Bank of Russia stood at 84.3 billion rubles ($3.2 billion), down 3.1% (2.7 billion rubles/$103 million) from Wednesday.

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