Exclusion of thrift banks from the increases in liquidity reserves against peso deposits and deposit substitutes
CIRCULAR NO. 267 Series of 2000
The Monetary Board, in its Resolution No. 1820 dated 20 October 2000, decided to exclude thrift banks from the increase in liquidity reserves against peso demand, savings, time deposit and deposit substitute liabilities which took effect on 13 and 20 October 2000. Section A of Circular Nos. 260 and 262 are hereby amended to read as follows:
Amendment to Circular No. 260
A. LIQUIDITY RESERVES AGAINST DEPOSIT/DEPOSIT SUBSTITUTES
Category of Banks
Liquidity Ratios
UBs/KBs and NBQs
From 3% to 5%
TBs
To remain at 2%
RBs/Coop Banks
To remain at 0%
(1) Demand Deposit
To remain at 0%
(2) Savings/Time Deposits
To remain at 0%
The required liquidity reserves may be maintained in the form of short-term market-yielding government securities purchased directly from the Bangko Sentral ng Pilipinas (BSP)-Treasury Department, pursuant to Circular No. 10 dated 29 December 1993.
Amendment to Circular No. 262
A. LIQUIDITY RESERVES AGAINST DEPOSIT/DEPOSIT SUBSTITUTES
Category of Banks
Liquidity Ratio
UBs/KBs and NBQs
From 5% to 7%
TBs
To remain at 2%
RBs/Coop Banks:
To remain at 0%
(1) Demand Deposit
To remain at 0%
(2) Savings/Time Deposits
To remain at 0%
The required liquidity reserves may be maintained in the form of short-term market-yielding government securities purchased directly from the Bangko Sentral ng Pilipinas (BSP)-Treasury Department, pursuant to Circular No. 10 dated 29 December 1993.
FOR THE MONETARY BOARD:
RAFAEL B. BUENAVENTURA Governor
More in BSP Circulars
- Amendments to the Alternative Compliance with the Reserve Requirements of Banks and Non-Bank Financial Institutions with Quasi-Banking Functions (NBQBS)(BSP Circular No. 1155)
- Extension of the Period for Registration/Notification of Operators of Payment Systems(BSP Circular No. 1068)
- FCDU/EFCDU Trust, Other Fiduciary or Investment Management Accounts(BSP Circular No. 666)
- Amendments to Regulations on Outsourcing and IT Risk Management(BSP Circular No. 1137(corrected copy))
- Temporary Relief in the Inclusion of Effective Interest Rates in the Pawn Ticket as required under Circular No. 754 dated 17 April 2012(BSP Circular No. 787)
- Risk weight of credit exposures guaranteed by the LGU Guarantee Corporation (LGUGC); and Treastment of guarantees under the risk-based capital adequacy framework of stand-alone thrift banks, rural banks and cooperative banks(BSP Circular No. 717)
- Implementing Guidelines for the Setting of Variable Grace Period for Long-Gestating Agriculture and Fisheries Project(BSP Circular No. 217)
- Computation of the legal reserves on deposits and deposit substitutes of banks(BSP Circular No. 1367)
Want an analysis of this document?
Ask ASG Legal AI to summarize it, compare it with other rulings, or explain how it applies to your situation — it researches from this same library.