(NAR) VOL. 5 NO. 2/APRIL-JUNE 1994
The Monetary Board, in its Resolution No. 319 dated April 8, 1994 amended Item 10 of Subsections 1151.3 and 2151.3 of Books I and II, respectively, of the Manual of Regulations for Banks and Other Financial Intermediaries, to read as follows:
"10. The bank has complied with the ceilings on credit accommodations to directors, officers, stockholders and their related interests during the last THREE (3) months immediately preceding the date of application;"
This Circular shall take effect immediately.
Adopted: 19 Apr. 1994
(SGD.) GABRIEL C. SINGSON
Governor