To prohibit Filhomes Savings and Loan Bank, Inc. from doing business in the Philippines and to place its assets and affairs under receivership and to designate the PDIC as receiver of the bank

Sentral ng tinas

MAYNILA, PILIPINAS

SUPERVISION AND EXAMINATION SECTOR

CIRCULAR LETTER

TO: ALL BANKS/N8QBs/NBFIs

decided as foliows: The Monetary Board, in its Resolution No. 83 dated 21 January 2005.

1. To prohibit Fithomes Savings and Loan Bank, Inc. from doing business in the Philippines and to place its assets and affairs under No. 7653 and Section 53 of R.A. No. 8791; and receivership in accordance with Section 3o ot Republic Act (R.A.)

2: To designate the Philippine Deposit Insurance Corporation (PDIC) as receiver of the bank.

ALBeRtO V. ReyeS Deputy Gbyernor

21. January 2005