Reminder to all rural and cooperative banks re checks and demand drafts included in the Manila clearing

JPilibina.

SUPERVISION AND EXAMINATION SECTOR OFFiCe OF tHe dePutY gOVernor

CIRCULAR LETTER

Series or 2005

TO ALL RURAL AND COOPERATIVE BANKS

Further to Circular Letter dated 19 March 2004, copy attached, please be reminded that only checks and cemand drafts inciuded in the Manila clearing are accepted by the BSP Cash Department at Manila as deposit for Iegai reserves and payments of supervisory fees, penaities and other accounts and the same shall be rnade payable to "Bangko Sentral ng Pilipinas".

The following are included in the Manila clearing:

a. Greater Manila Area

b. Integrated Areas 4. Laguna 9. Otongapo 2 3. Rizai 5. Angeles 6. 8. 1 7 10.Tariac Lucena Bulacan Cavite Batangas Cabanatuan

c. Regional Ciearing Centers 2. Cebu 3. Davao 1. Dagupan

ALBERTO V. REYES Deputy Governor

Februa 2005

P ANANALAPING MATATAG, BANSANG P ANATAG

A. Mabini St., Malate 1004 Manila, Philippines Trunkline (632) 524-70-11 URL:www.bsp.gov.ph e-mail: [email protected]

CERCLLARLETTER Seriss af z004..

TO:ARr Coertir and eroiaaxe-Orsod Bak

Ue: tranaferrod to the MHQ:Secondaty Frocexsing Site h ivakati.efreotive Maroh 2z by te Phaninrti Clearir Houae Corporaiom (PCHCl tue nterregionar. clearing 20 Dperadons orenty eoduotad at the PCHC Mai Pro Pmuairn raenn Cxite No. Iso dated a MamatGrGopy attached) issied Szi Cacr at BsP, Mania wi

deposu aceoix as legal resorvea and (n) for payrnet.of.supervisory feea, penaities oi mais for (i) daposit to zhe aal, cooperative arid mierofiwr Ottor aocoubs. banks included in the regiotal clearing centers and currenty recaived by the Esp Omsh Departnext at Mawila frorn Supervisiou and Examination Denartment Y or troupir the The transter will diresty affeet the clearing of out-of-town checks dawn against oriextmd bankst dcnad

detaand dposit with BSP for payment3 of supervisory fess, peraities and other acsounts. dirooted. to () doposit their icgai reserve requirenents direety to the ncaest Bsr Regiorwl Ofucs and/or (i) issua.a written authoity to SED IV to charge/debit their In .visw thsreof, all rural cooparaive ard nicrofnance-- orientsd banks ats.hsreby

For seict corplanas.

ALBERTC Depity Goveruor REYES

19 March1 2004

HIAGNIPOK SA BANGHO