Monitoring of the Federal Legislation dated 16.06.2006

Decision of the Government of the Russian Federation No. 373 of June 13, 2006 on the Procedure to Fix the Normatives of Gas Consumption for Population in the Absence of Recording Instruments

Provides the minimum permissible norms of gas consumption for the population in the absence of recording instruments by the subjects of the Russian Federation. The given norms shall include the norms of gas consumption for preparation of meals and water heating using gas installations (in cubic meters per person), as well as the average annual norms of gas consumption for the heating of dwelling space using gas installations in the absence of gas counters (in cubic meters per square meter).

Order of the Federal Service of Enforcement in the Sphere of Public Health and Social Development No. 1382-Pr/06 of June 9, 2006 on the Amendments to the Order No. 1014-Pr/06 of April 28, 2006

From July 1, 2006, fixes the limiting release producer prices for the names of medicines used in additional free medical aid to individual categories of citizens entitled for the social aid in the form a set of social services.

To provide uninterrupted supplies of medicines for the mentioned category of citizens, the list is extended to include part of foreign-made medicines to replace those Russian-made and foreign-made excluded from the list.

Order of the Central Bank of Russia No. OD-284 of June 9, 2006 on the Adjustment Coefficients of the Bank of Russia

To correct the market value of securities accepted as a backing for the credits of the Bank of Russia, specifies adjustment coefficients for individual issues of the bonds of the Administration of the Yamalo-Nenets Autonomous District, the bonds of the Moscow Province internal loans, the bonds of the OAO Russian Railways, Moscow International Bank, bank Russky Standart, Gazprombank and the Russian Agricultural Bank.

Letter of the Central Bank of Russia No. 82-T of June 9, 2006 on the Information Provided by Authorised Banks to Natural Persons on the Rates of Foreign Currencies Used in Operations with Foreign Currencies in Cash and Checks

The Bank of Russia recommends to include information on the volumes of purchased or sold foreign currencies using the mentioned rates to provide objective information to natural persons on the terms of operations with foreign currencies in cash and checks carried out by the exchange office of the authorised bank (branch of the authorised bank) using various rates of foreign currencies for various volumes of purchased or sold foreign currencies in addition to information on the mentioned rates placed outside the room of the exchange office (which must correspond to the information placed on the stand in the room of the exchange office).

Letter of the Central Bank of Russia No. 81-T of June 7, 2006 on the Normative Act of the US Financial Crimes Enforcement Network (FinCEN) Specifying the Requirements to the Opening and Keeping by Financial Institutions of the USA of Correspondent Accounts, Accounts of Foreign Citizens and Accounts of Influential Political Figures

Cites the text of the normative act of the US FinCEN specifying the requirements to the opening and keeping by financial institutions of the USA of correspondent accounts, accounts of foreign citizens and accounts of influential political figures. The given document may appear useful when establishing and maintaining correspondent relations with the banks of the USA for the purposes of internal control in the sphere of combating legalisation (laundering) of incomes obtained in a criminal way and financing of terrorism.

Letter of the Central Bank of Russia No. 80-T of June 7, 2006 on the Registration of Resources of the Housing Subsidy Provided to Citizens in the Framework of Implementation of Subprogram "Fulfilling State Obligations to Provide Dwelling Space to the Categories of Citizens Specified in the Legislation" of the Federal Targeted Program "Housing" for the Years 2002-2010

Credit organisations participating in the implementation of the mentioned subprogram shall keep records of resources of housing subsidies provided to citizens from the federal budget in the framework of implementation of the mentioned subprogram on the personal account opened to each holder of the state housing certificate on the Balance Account 40817 "Natural Persons". Accepted state housing certificates and copies of state housing certificates are registered by credit organisations on the Off-Balance Account 91202 "Various Values and Documents".

Letter of the Central Bank of Russia No. 79-T of June 6, 2006 on the Measures to Implement Article 215.1 of the Budget Code of the Russian Federation

Since cash execution of the budgets of the subjects of the Russian Federation and local budgets was transferred to the bodies of the Federal Treasury, financial bodies executing the mentioned budgets shall close the accounts opened earlier in the institutions of the Bank of Russia or credit organisations, except for the accounts opened to financial bodies to hand out cash to budget recipients. In this case, it is necessary to arrange the work to amend the earlier concluded bank account contracts with financial bodies taking into account that the mentioned accounts of financial bodies may be used to hand out cash only.