Reminder to all rural and cooperative banks re checks and demand drafts included in the Manila clearing
CIRCULAR LETTER Series of 2005
TO : All Rural and Cooperative Banks
Further to Circular Letter dated 19 March 2004, copy attached, please be reminded that only checks and demand drafts included in the Manila clearings are accepted by the Cash Department at Manila as deposit for legal reserves and payments of supervisory fees, penalties and other accounts and the same shall be made payable to "Bangko Sentral ng Pilipinas".
The following are included in the Manila clearing:
a. Greater Manila Area
b. Integrated Areas
Bulacan
Cavite
Rizal
Laguna
Angeles
Batangas
Cabanatuan
Lucena
Olongapo
Tarlac
c. Regional Clearing Centers
Dagupan
Cebu
Davao
ALBERTO V. REYES Deputy Governor
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