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Banks' correspondent accounts with CBR decline 10.4%

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MOSCOW, January 16 (RIA Novosti) - Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 425.1 billion rubles ($16 billion at the current exchange rates) at the beginning of the business day, down 10.4% (49 billion rubles/$1.84 billion) from Monday, the CBR said Tuesday.

Credit institutions' balances on deposit accounts with the Bank of Russia stood at 329.5 billion rubles ($12.4 billion), down 2.9% (9.8 billion rubles/$369 million) from Monday.

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