Amendments to Books I to IV of the Manual of Regulations for Banks and Other Financial Intermediaries
CBP CIRCULAR NO. 1345 Series of 1992
The Monetary Board, in its Resolution No. 609 dated July 3, 1992, approved the following amendments to Books I to IV of the Manual of Regulations for Banks and Other Financial Intermediaries:
SECTION 1. The 2nd, 3rd and 4th paragraphs as well as the transitory provisions on legal reserve requirements on funds deposited for projects under the special financing programs of the Government and/or international financial institutions, under Sections 1291, 2291, 3291 and 4291Q of the Manual of Regulations (Books I to IV) are hereby repealed.
SECTION 2. Item b of subsections 1239.4, 2239.4, 3239.4 and 4291Q.3 providing for transactions exempted from the liquidity floor requirements, of the Manual of Regulations (Books I to IV) is hereby amended to read as follows:
"b. Funds deposited for projects under the special financing program of the Government and/or international financial institutions."
This Circular shall take effect immediately.
JOSE L. CUISIA, JR. Governor
More in BSP Circulars
- Inclusion of activities which a bank may outsource(BSP Circular No. 383)
- Ceilings on credit accommodations to directors, officers, stockholders and their related interests(BSP Circular No. 21)
- SApproval of the guidelines on rediscounting facility which shall supersede the existing provisions of Sec. X268 and X269 and the corresponding subsections of the MORB(BSP Circular No. 515)
- Amendments to the Financial Reporting Package(BSP Circular No. 658)
- Guidelines on the Settlement of Instant Retail Payments(BSP Circular No. 1000)
- Amendments to the Liquidty Coverage Ratio Framework and Minimum Prudential Liquidity Requirements for Stand-Alone Thrift Banks, Rural Banks, Cooperative Banks and Quasi-Banks(BSP Circular No. 996)
- Amendment of the Risk-Based Capital Adequacy Framework for Banks/Quasi-Banks on the Definition of Qualifying Capital Instruments(BSP Circular No. 716)
- Compliance with Ceiling on Unsecured Loans to DOSRI(BSP Circular No. 502)
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