BSP Circular Letters BSP Circular Letter No. CL03302001ABSP Circular Letter No. CL03302001A 2001-03-30T00:00:00.000+08:00
Adoption of a one-day lag for Cash-in-Vault (CIV) for the purpose of computation of eligible reserves against deposit and deposit substitutes
CIRCULAR LETTER Series of 2001
To : All Banks/NBQBs
The Monetary Board, in its Resolution No. 474 dated March 22, 2001, approved the adoption of a one-day lag for Cash-in-Vault (CIV) for the purpose of computation of eligible reserves against deposit and deposit substitutes under Circular Letter dated January 8, 2001, as amended by Circular Letters dated February 1and March 1, 2001, effective March 30, 2001, subject to a periodic review every 180 days.
Please be guided accordingly.
RAFAEL B. BUENAVENTURA Governor
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