Circulars/Notifications - Banking Supervision Department  
 BSD Circular Letter No. 34
December 7, 2001  

All Banks/NBFIs 

Dear Sir,

CASH RESERVE REQUIREMENT FOR DEPOSITS RAISED UNDER FE CIRCULAR 25 OF 1998

 

Please refer to BSD Circular No.18 dated 31st March, 2001 and BSD Circular Letter No.15 dated 13th July, 2001 on the captioned subject. 

In this connection it has been observed that some banks are not properly following our instructions regarding reporting of FE-25 deposits in their Weekly Statement of Position and maintenance of reserves there against. 

All banks/NBFIs are, therefore, once again reminded to report figures of FE-25 deposits in their Weekly Statement of Position upto three decimal points after a million. For instance amounts of US$ 10,500,600/- and US$ 10,500,450/- would be reported as US$ 10.501 million and US$ 10.500 million respectively and the 5% Cash Reserve Account & 20% Special Cash Reserve Account should invariably be maintained in accordance with this reported amount. 

Please acknowledge receipt.



Yours faithfully,
Sd/-
(Shaukat Zaman)
Senior Joint Director
       
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