Dear Sirs/Madam,

Maintenance of Cash Reserve Requirements for
Deposits raised under FE Circular 25 of 1998

Please refer to BPRD Circular Letter No. 08 dated April 23, 2010 regarding five days working week; BSD Circular Letter No 15 dated July 13, 2001; BSD Circular Letter No.04 dated February 11, 2010 and instructions on the captioned subject issued from time to time.

2) It is clarified that for the purpose of calculating balance in Cash Reserve Account-CRA (US$) and Special Cash Reserve Account-SCRA (US$), the amount of FE-25 deposits at the close of business on every Friday (and if Friday is a holiday, on the previous working day) shall be taken into account. These instructions are applicable with immediate effect.

3) All other instructions on the subject matter shall however, remain unchanged.
Please acknowledge receipt.