(NAR) VOL. IV NO. 2 / JANUARY - APRIL 1993
"Unless otherwise prescribed by the Monetary Board, authorized government depository banks other than the Central Bank, and authorized private banks including government-acquired banks with special depository privileges shall, inclusive of the required reserves against deposits and/or deposit substitutes, maintain a FIFTY PERCENT (50%) liquidity floor with respect to deposits of, borrowings from, and all other liabilities to, the Government and government entities in the form of government securities which represent direct obligations of the National Government and such other government securities as may be approved for the purpose by the Monetary Board, with remaining maturities of not more than one year and which are separated and distinct from those earmarked for other purposes required by law or rules and regulations."Adopted: 3 Mar. 1993