AMENDMENTS TO PROVISIONS IN PART III (ASSESSMENTS OF THE PDIC RULES AND REGULATIONS, AS AMENDED)

SECTION 1.   Amendments –

(a)        Section 3.02 of the PDIC Rules and Regulations, as amended, is hereby amended to read as follows:

“Sec. 3.02.       Assessment Base. — The assessment base shall be the aggregate of any bank’s deposit liabilities in accordance with the
definition of the term “deposit” pursuant to Section 3 (f) of RA 3591,
as amended, and Section 1.01 (e) of these Rules and Regulations without
any deduction for indebtedness of depositors. Deposit liability
accounts, such as, but not limited to the following, shall also form
part of the assessment base computation, irrespective of the
designation/name assigned to such account:

1.         Peso “Demand”, “Special Savings”

2.         “NOW” Accounts

3.         Foreign Currency Demand, Savings and Time

4.         “Special” Foreign Currency

5.         “Barrio Savings Fund”

6.         “Barrio Guarantee Fund”

7.         “Barrio General Fund”

8.         Accrued Interest Payable on “Demand”/”NOW”/Savings/”Special Savings” and Time Deposits

9.         Such
other liability accounts of an insured bank which are hereto deemed,
solely for purposes of assessments, as deposit liabilities booked under
such accounts as, but not limited to, those indicated in page 2 of PDIC
Form No. 201-A-1 (Annex 1).

The
semi-annual assessment base for the semi-annual assessment ending June
30 shall be the average of the assessment base of the bank as of the
close of business on September 30 and December 31 and the semi-annual
assessment base for the semi-annual assessment ending December 31 shall
be the average base of the assessment base as of the close of business
on March 31 and June 30.

In
case a bank which is incorporated under the laws of the Philippines and
which maintains a branch outside the Philippines elects to include for
insurance its deposit obligations payable only at such branch, it shall
include such deposit obligations as part of the ‘deposits’ subject to
assessment.

Deposits maintained in foreign currencies in an insured bank shall form part of the total deposit obligations of said bank.  Foreign
currency denominated deposits shall be converted to pesos using the
rate reported in the Reference Exchange Rate Bulletin issued by the
Bangko Sentral ng Pilipinas on the banking day immediately following the base day/s or closing rate as of the base day/s.”

(b)        Sec. 3.08, ibid., is hereby amended to read as follows:

“Sec. 3.08.       Filing of Certified Statements.
— The Certified Statements required to be filed by insured banks in
accordance with Section 6(b) of R.A. 3591, as amended, shall be filed
with PDIC upon the forms, and in the manner prescribed by the Board of
Directors of PDIC.  The certified statement form shall be reproduced by the banks themselves and filed with PDIC as follows:

a.         PDIC
Form No. 202 — First Certified Statement. — This form shall be
accomplished by the newly opened, reopened or rehabilitated bank and
filed with PDIC upon the expiration of the first semi-annual period in
which it becomes an insured bank.  This form shows the deposit liabilities for only one base day, either June 30 or December 31, whichever date is applicable.  When any of said base days is a holiday or non-business day, the preceding business day shall be used.  The form also shows the computation of the assessment base and the amount of the assessment due to PDIC.  It
must be signed under oath by an authorized officer of the bank, two
copies, one of which is the original copy, forwarded to PDIC on or
before July 31 or January 31, as the case may be, and a copy or copies
retained in the bank’s files.”

b.         PDIC
Form No. 201. — Regular Certified Statement. — This form shall be
accomplished and filed with the PDIC on or before January 31 and July 31
of each year by every insured bank, except newly insured banks which
must submit their First Certified Statement on PDIC Form No. 202. PDIC
Form No. 201 shows the deposit liabilities for the two base days in each
semi-annual period.  The base days are March 31
and June 30 for the six (6) month period ending June 30, and September
30 and December 31 for the six (6) month period ending December 31.  When any of said base days is a non-business day or a holiday, the preceding business day shall be used.  The form shows the computation of the assessment base and the amount of the assessment due to the PDIC.  It
must be signed under oath by an authorized officer of the bank, the
original and a copy forwarded to PDIC, and a copy or copies retained in
the bank’s files.”

Simultaneous with the filing of the certified statements, banks also be required to submit the following documents necessary to support such filing and the assessment paid to the Corporation:

1.         PDIC Assessment Form No. 201-A-1-Consolidated Schedule of Deposits and Other Related Accounts (pages 1 and 2); Annex 1

2.         PDIC Assessment Form No. 201-A-1.1-Consolidated Schedule of Foreign Currency Deposits. Annex 2

3.         PDIC Assessment Form No. 10 — Breakdown of Accrued Taxes and Other Expenses (BATOE); Annex 3.

SECTION 2.   Repealing Clause.
— The provisions of PDIC Rules and Regulations, as amended, and all
other related rules and regulations which are inconsistent herewith are
hereby repealed or amended accordingly.

SECTION 3.   Effectivity. — These Regulations shall take effect fifteen (15) days after publication in a newspaper of general circulation.

For guidance and strict compliance.

Adopted: 06 May 2002

(SGD.) ROSALINDA U. CASIGURAN
Officer-in-Charge