[ BSP CIRCULAR NO. 1250, September 07, 1990 ]
PURCHASES BY LOCAL BANKS OF US $200 MILLION (SERIES OF 1990) TREASURY BILLS OF THE REPUBLIC OF THE PHILIPPINES
Pursuant to Monetary Board Resolution No. 907 dated August 31, 1990, purchases by local banks of US $200 Million (Series of 1990) Treasury Bills of the Republic of the Philippines shall not be sourced from the bank s regular accounts. Such purchases, however, may be sourced from the bank s respective Foreign Currency Deposit Units (FCDUs), without need for prior Central Bank approval.
Such purchases shall be reported under IOS Form 1 (Account A.16) and accompanying Schedule 8 and SES I/VI Form 2A.1 and 2 (Account No. 15.c) and accompanying Schedule 4 p.3 (for commercial banks) and under CBP 6.40.03 (for thrift banks).
This Circular shall take effect immediately.
Adopted: 7 Sept. 1990
(SGD.) JOSE L. CUISIA, JR.
Governor
Such purchases shall be reported under IOS Form 1 (Account A.16) and accompanying Schedule 8 and SES I/VI Form 2A.1 and 2 (Account No. 15.c) and accompanying Schedule 4 p.3 (for commercial banks) and under CBP 6.40.03 (for thrift banks).
This Circular shall take effect immediately.
Adopted: 7 Sept. 1990
Governor