Guidelines on Govt Deposits in Banks by BSP

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BSP CIRCULAR NO. 110: Guidelines on Govt Deposits in Banks by BSP

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Title Source: Supreme Court: Guidelines on Govt Deposits in Banks by BSP

Law: Bsp Circular No. 110

Decision Date: Jun 14, 1996

BSP Circular No. 110 establishes guidelines for banks regarding the acceptance of deposits from the government and its entities, mandating that such funds primarily be held by the Bangko Sentral, with private banks requiring prior approval from the Monetary Board to accept government deposits.

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