BSP Circular Letters BSP Circular Letter No. CL05042001BSP Circular Letter No. CL05042001 2001-05-04T00:00:00.000+08:00
Adoption of the one-week lag system for purposes of computing the 50 percent liquidity floor requirement on all government funds held by authorized banks
CIRCULAR LETTER Series of 2001
To: All Banks Authorized to Accept Government Funds
The Monetary Board under its MB Resolution No. 493 dated March 29, 2001 has approved the adoption of the one-week lag system for purposes of computing the 50 percent liquidity floor requirement on all government funds held by authorized banks.
This circular shall take effect on May 4, 2001.
For compliance.
ALBERTO V. REYES Deputy Governor
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