PSO CIRCULAR NO. 92-34-A

: PSO Circular No. 92-34-A dated June 25, 1992, in connection with Circular No. 92-34 dated June 22, 1992.
: Postmasters in places where there are no branches/field offices of the Land Bank of the Philippines may purchase or exchange their cash with cashier's or manager's checks.
: From the nearest branches of the Philippine National Bank or other commercial banks, excluding savings banks or rural banks.
: The checks should be payable in favor of the postmaster concerned.
: By signing over his printed name, followed by the names of the post office and the city/town of location of the post office.
: The checks shall be deposited with the Land Bank in accordance with Circular No. 92-34.
: Fees are paid out of the postmaster's collections.
: The receipts shall be held as cash items until redeemed by the Regional Office concerned.
: The postmaster shall submit a voucher to the Regional Office for reimbursement of said fees.
: The Regional Office treats it as a budgetary expense and issues a check to reimburse the fees.
: Copies are furnished to all postmasters, city/provincial auditors, and others concerned.