Interest Rate on Foreign Currency Deposit of TBs, DBP and Associated Bank with the Central Bank in Compliance with the 15% Reserve Requirement for Foreign Currency Deposit Liabilities
CBP CIRCULAR NO. 1324 Series of 1992
INTEREST RATE ON FOREIGN CURRENCY DEPOSIT OF THRIFT BANKS, DEVELOPMENT BANK OF THE PHILIPPINES AND ASSOCIATED BANK WITH THE CENTRAL BANK IN COMPLIANCE WITH THE 15% RESERVE REQUIREMENT FOR FOREIGN CURRENCY DEPOSIT LIABILITIES
The applicable interest rate on foreign currency deposits of thrift banks, Development Bank of the Philippines and Associated Bank with the Central Bank in compliance with the 15% reserve requirement for foreign currency deposit liabilities, as provided under Circular-Letter dated 28 August 1990 as per M. B. Resolution No. 850 dated 20 August 1990, is hereby adjusted from 4% p. a. to 2-½% p. a. This Circular shall take effect on 31 January 1992.
JOSE L. CUISIA, JR. Governor
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