Abstract. The analysis of the electro-physical processes in the discharge circuit of the lasers based on the self-terminating transitions of metal atoms (LSTM) and the electrodes placed in the cold buffer zones of the gas discharge tube (GDT) is occurred. That design of the GDT can provide the efficient lasing at the reduction of the current flowing through the switch to zero after the charging of the capacitive components of the circuit from the storage capacitor. Under the circumstances the pumping of the active medium is determined by the energy input from the peaking capacitor and, consequently, the efficiency of the pumping can be increased by an order of magnitude, if (using a managed switch) the energy input into the active medium from the storage capacitor is "cut-off" after charging the capacitive components of the circuit. It was shown that the efficiency values of ~ 9-11 % and of ~ 5-6 % for the copper and gold vapor, lasers could be achieved.