Lifting of Reserve Requirement on Interbank Loans
Manila
OFFICE OF THE GOVERNOR
CRCULAR LETTER
TO: all BaNks
SUBJECT: LIFTING CE RESERVE RECUIREMENT ON INTERBANK LOANS
percent to zera Ferce nt erfective Dece mben 17. 1999, provided, however, that for prudential reasons, only :nterbank bctrow ngs evidenced by the interbank loan be eligible to the zero leve! of reserve reuuirenent. advice or repayment transfer tickets ard settled through the respective demand deposits of banks or ror-banks. with c"asi-oanking functions with the BSP should 1999, decided to lover the resarve agu remrent on interbank ioans from one The Moneta"y Eoard, in: its Resoiutior No. 1631 dated November 11
RAFAEL B. BUENAVENTURA Gcvernor
December y
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