For credit institutions subject to the deposit requirement

The Riksbank gets in touch

At the beginning of the year, the Riksbank contacts the credit institutions covered by the deposit requirement to give instructions. Read more about which credit institutions are covered here "List of credit institutions".

Reporting of data to the Riksbank

The Riksbank requests information from credit institutions that is needed to calculate their so-called deposit base. The deposit base forms the basis for the amount of interest-free deposits each credit institution is to hold with the Riksbank.
Credit institutions can either consent to the Riksbank collecting the data from Statistics Sweden (SCB) or compile and submit it themselves on a special form.

Preliminary decision regarding deposit requirements

Once the data has been received, the Riksbank sends out a preliminary decision to each individual credit institution on how their deposit base has been calculated and how large their deposit requirement will thus be, based on the data they have reported.

After that, credit institutions have the opportunity to comment on the calculation.

Decision on deposit requirement

In the next step, the Riksbank decides on the deposit requirement and sends these out to the credit institutions. Each credit institution is then informed of the amount it is to hold as interest-free deposits in its account at the Riksbank.

Institutions that have not previously been subject to the deposit requirement, or that have previously had a zero requirement, shall deposit the entire amount in their account at the Riksbank by the date specified in the decision. The interest-free deposit then remains in the institution's account at the Riksbank until the Riksbank makes a new decision.

If a credit institution receives a higher deposit requirement than in the previous year, it shall deposit the missing amount in its account at the Riksbank. If the deposit requirement is instead lower than in the previous year, the Riksbank will return the excess amount to the credit institutions.

Read more about how to make a deposit here "How to make the deposit".

How the Riksbank calculates the deposit requirement

The Riksbank calculates a deposit base for each credit institution, which is based on the institution's liabilities at the end of the year. The Riksbank then decides how large a proportion of this will consist of interest-free deposits.

The total deposit requirement for all credit institutions may not exceed the difference between the Riksbank's own funds and the statutory target level for it. The size of the difference will be known when the Riksdag adopts the Riksbank's income statement and balance sheet, which usually takes place in April or May.

Read more about how the deposit base is calculated here "How the deposit base is calculated".

Read more about how the deposit requirement is calculated here "How the deposit requirement is calculated".

Penalty fee for late deposits

If a credit institution does not fulfil the deposit requirement, the Riksbank can charge a penalty fee. The penalty fee is equivalent to interest on the amount below the deposit requirement. The interest rate is the policy rate plus two percentage points and the interest rate increases for each day that the amount is not deposited in full with the Riksbank. The penalty fee may be reduced in whole or in part if there are special reasons for doing so.