BSP Memoranda BSP Memoranda No. M-2008-036BSP Memoranda No. M-2008-036 2008-11-28T00:00:00.000+08:00

Extension of Quarterly Submission of the Financial Reporting Package (FRP)

MEMORANDUM NO. M-2008-036

To:  ALL RURAL/COOPERATIVE BANKS

Subject:  Extension of Quarterly Submission of the Financial Reporting Package (FRP)

Rural/Cooperative Banks shall continue to submit the FRP on a quarterly basis, within the following prescribed deadlines:

Reporting Period – (Quarter ending)   Revised FRP Submission Deadline

December 2008  16 February 2009

March 2009  15 May 2009

June 2009  15 August 2009

Further, until otherwise advised, rural/cooperative banks shall continue to submit GL-CSOC and CSIE and their supporting schedules in accordance with the presently prescribed mode and submission frequency.

Late and/or erroneous reporting of the FRP shall be subject to penalties provided under Subsection X162.2 of the Manual of Regulations for Banks for Category A-1 report.  Same penalties shall also apply for late and/or erroneous reporting of the GL-CSOC and CSIE until said reportorial requirement is discontinued.

For compliance.

NESTOR A. ESPENILLA, JR. Deputy Governor

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