To further rationalize and simplify, as well as reduce the administrative burden for preparation of reports required of expanded commercial banks, commercial banks and specialized government banks

CIRCULAR NO. 29 Series of 1994

In line with the objective of the Bangko Sentral ng Pilipinas to further rationalize and simplify, as well as reduce the administrative burden for preparation of reports required of expanded commercial banks, commercial banks and specialized government banks, the Monetary Board in its Resolution No. 549 dated June 13, 1994, approved certain revisions in reports submission as follows:

Effective June 30, 1994:

1. Discontinue submission of the reports indicated in ANNEX A.

2. Change frequency in submission of the reports indicated in ANNEX B.

3. Inclusion of the accounts indicated in ANNEX C of "CODES FOR INVISIBLE ACQUISITIONS and "CODES FOR INVISIBLE DISPOSITIONS"

Effective January 1, 1995

1. Discontinue submission of the reports indicated in ANNEX D.

2. Adopt the attached format for the following reports which are covered by the diskette-format of reporting:

a. Daily Consolidated Foreign Exchange Assets and Liabilities — FED Form 1 (formerly IOS Form 1), within 2 banking days from transaction date. (ANNEX E)

b. Consolidated Foreign Exchange Assets and Liabilities in Original Currency — FED Form 1, Schedule 17, (formerly IOS Form 1, Schedule 18) within 15 banking days from end of reference month. (ANNEX F)

c. Consolidated Statement of Condition (DCB I/DCB II Form 2A.1/2A.2, formerly SES 1/VI — Form 2A.1/2A.2) — within 15 banking days after end of reference month. (ANNEX G)

d. Reports on Credits Granted and Outstanding by Banking Unit — 10 banking days after reference semester for banks within Metro Manila; 15 banking days for banks outside Metro Manila. (ANNEX H)

Banks shall continue to submit to the departments concerned under existing arrangement all other reports which are not mentioned above.

GABRIEL C. SINGSON Governor