BSP Circular No. 1379 (1993)

(NAR) VOL. IV NO. 2 / JANUARY - APRIL 1993

[ BSP CIRCULAR NO. 1379 s. 1993, January 29, 1993 ]

RESERVE POSITION OF NON-BANKS WITH QUASI- BANKING AUTHORITY

The Monetary Board, in its Resolution No. 23 dated January 15, 1993, authorized non-banks with quasi-banking authority to compute their reserve position on the basis of a week that starts on Friday and ends on Thursday of the next week. This Circular shall take effect immediately. Adopted: 29 Jan. 1993

(Sgd.) JOSE L. CUISIA, JR. Governor