BSP CIRCULAR NO. 267, November 08, 2000
LIQUIDITY RESERVES OF THRIFT BANKS
to exclude thrift banks from the increase in liquidity reserves against
peso demand, savings, time deposit and deposit substitute liabilities
which took effect on 13 and 20 October 2000. Section A of Circular Nos.
260 and 262 are hereby amended to read as follows:
Amendment to Circular No. 260
A. LIQUIDITY RESERVES AGAINST DEPOSIT/DEPOSIT SUBSTITUTES
|
Category of Banks |
Liquidity Ratios |
|
UBs/KBs and NBQBs |
From 3% to 5% |
|
TBs |
To remain at 2% |
|
RBs/Coop Banks: |
To remain at 0% |
|
(1) Demand Deposit |
To remain at 0% |
|
(2) Savings/Time Deposits |
To remain at 0% |
The required liquidity reserves may be maintained in the form of
short-term market-yielding government securities purchased directly from
the Bangko Sentral ng Pilipinas (BSP)-Treasury Department, pursuant to
Circular No. 10 dated 29 December 1993.Amendment to Circular No. 262
A. LIQUIDITY RESERVES AGAINST DEPOSIT/DEPOSIT SUBSTITUTES
|
Category of Banks |
Liquidity Ratios |
|
UBs/KBs and NBQBs |
From 5% to 7% |
|
TBs |
To remain at 2% |
|
TBs |
To remain at 0% |
|
RBs/Coop Banks: |
To remain at 0% |
|
(1) Demand Deposit |
To remain at 0% |
|
(2) Savings/Time Deposits |
To remain at 0% |
The required liquidity reserves may be maintained in the form of
short-term market-yielding government securities purchased directly from
the Bangko Sentral ng Pilipinas (BSP)-Treasury Department, pursuant to
Circular No. 10 dated 29 December 1993.
Adopted: 8 Nov. 2000
(SGD.) RAFAEL B. BUENAVENTURA
Governor