Revised Schedule 2C of the Report on Compliance with Mandatory Credit Allocation Required under R.A. 6977

MEMORANDUM Series of 2004

TO     :  All Banks

To distinguish the amount of small and medium loans under SBGFC instruments which have been rediscounted and should be deducted from total holdings of SBGFC instruments per Sec. 2.b) of Circular No. 147 dated October 24, 1997, Schedule 2C of the Report on Compliance with the Mandatory Credit Allocation Required under R. A. 6977, as amended by R. A. 8289 is hereby adjusted/revised, as attached.

The soft copy of the revised template will be transmitted by the Supervisory Reports and Studies Office to banks electronically linked with BSP, or may be copied in diskettes at SRSO, 16th Floor, Multi-Story Building, BSP Complex, Manila. The foregoing revisions shall be effective for reports as of March 31, 2004.

ALBERTO V. REYES Deputy Governor