Amendment to Subsection X341.4.a (1) of the Manual of Regulations for Banks
CIRCULAR NO. 315 Series of 2002
The Monetary Board, in its Resolution No. 1893 dated 29 November 2001, decided to exclude from the loanable funds covered by agri-agra requirements the deposits of the Bureau of the Treasury representing revenue collections of the Bureau of Internal Revenue and the Bureau of Customs. Accordingly, Subsection X341.4.a (1) of the Manual of Regulations for Banks is hereby amended to read as follows:
"The total deposits (demand, savings, time and NOW accounts) excluding foreign currency deposits under Circular No. 1389 and deposits of the Bureau of the Treasury representing revenue collections of the Bureau of Internal Revenue and Bureau of Customs;"
ThisCircular shall take effect immediately.
FOR THE MONETARY BOARD:
RAFAEL B. BUENAVENTURA Governor
More in BSP Circulars
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- Guidelines on Investment Activities of BSP-Supervised Financial Institutions (BSFIs)(BSP Circular No. 1042)
- Temporary window for registration of private sector foreign loans/borrowings(BSP Circular No. 985)
- Amendments to Foreign Exchange Regulations(BSP Circular No. 815)
- Amendment of Subsection X169.11 of the Manual of Regulations for Banks(BSP Circular No. 567)
- Amendments to the Regulations on the Internal Audit Function of a Trust Corporation(BSP Circular No. 1141)
- Amendment of Certain Provisions of the Manual of Regulations for Banks and Non-Bank Financial Institutions(BSP Circular No. 825)
- Extension of the Effectivity of Circular No. 639 dated 15 January 2009 on the Guidelines of Internal Capital Adequacy Assessment Process (ICAAP) and Supervisory Review Process (SRP)(BSP Circular No. 677)
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