BSP Circulars BSP Circular No. 461BSP Circular No. 461 2004-11-17T00:00:00.000+08:00
Terms of time deposits
CIRCULAR NO. 461 Series of 2004
Pursuant to Monetary Board Resolution No. 1583 dated 28 October 2004, which authorized the removal of the minimum term of time deposits accepted/offered by banks, Section X231 of the Manual of Regulations for Banks is hereby amended to read as follows:
"X231 Term of Time Deposits. Time deposits shall be issued for a specific period of term."
This Circular shall take effect immediately.
FOR THE MONETARY BOARD:
AMANDO M. TETANGCO, JR. Officer-in-Charge
More in BSP Circulars
- Check clearing rules for Rural Banks who are members of the PCHC and Thrift Banks authorized to accept demand deposits(BSP Circular No. 175)
- BSP Regulations on Financial Consumer Protection; Guidelines and Procedures Governing the Consumer Assistance and Management System of BSP-Supervised Financial Institutions; and Amendments to the Manual of Regulations for Banks and Non-Bank Financial Inst(BSP Circular No. 1048)
- Guidelines governing the issuance of long-term negotiable certificates of time deposit (LTNCD) with a minimum maturity of five years(BSP Circular No. 304)
- Disclosure of additional information in the quarterly Consolidated Statement of Condition published side by side with the Statement of Condition for banks, and quarterly published Statement of Condition for NBQBs(BSP Circular No. 208)
- Adoption of Policy Framework on the Grant of Regulatory Relief to Banks/Quasi-Banks Affected by Calamities(BSP Circular No. 1017)
- Revised Policy and Guidelines on Short-Term Foreign Currency Loans(BSP Circular No. 1351)
- Anti-money laundering rules and regulations for banks(BSP Circular No. 259)
- Implementing Rules and Regulations of the Mandatory Agriculture, Fisheries and Rural Development Financing under Republic Act (R.A.) No. 11901 or “The Agriculture, Fisheries and Rural Development Financing Enhancement Act of 2022”(BSP Circular No. 1159)
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