(NAR) VOL. 22 NO. 3, JULY - SEPTEMBER 2011
BANK/FINANCIAL INSTITUTION ACCOUNTS STATUTORY/LEGAL RESERVESLIQUIDITY RESERVES
From
ToUniversal/ Commercial Banks - Demand
- "NOW"
- Savings
- Time
- Deposit substitutes (DS) 9%10%
11%- DS evidenced by repo agreements"
- Long-term Negotiable Certificate of Time Deposits (LTNCTDs) 3% 4% 0%Thrift Banks - Demand
-"NOW"
- Savings
- Time
- Deposit substitutes (DS) 5% 6% 2%- DS evidenced by repo agreements" -LTNCTDs 3% 4% 0%
BANK/FINANCIAL INSTITUTION ACCOUNTS STATUTORY/LEGAL RESERVES LIQUIDITY RESERVES From ToRural Banks/ Cooperative Banks - Demand
-"NOW" 11% 5% 6% 0%- Savings
- Time 2 % 3%- LTNCTDs 3% 4%NBFIs with quasi-banking function - Deposit substitute 9% 10% 11%- DS evidenced by repo agreements 3% 4% 0%"Refer to deposit substitutes evidence by repo agreements covering government securities up to the amount equivalent to the adjusted Tier 1 capital of the bank/quasi-bank and which comply with the conditions provided under Subsection X253.1/4253Q of the Manual of regulations for Banks/Manual of Regulations for Non-Bank Financial Institutions