My bookmarksSign up free

BP 67 Section 6

BP 67 Section 6

Section 6

SEC. 6. Section 43-c of the same Act is hereby further amended to read as follows: "(c) Interests paid on bank reserves which exceed fifty percent (50%) of bank deposits, in conformity with the provisions of Section 101, last paragraph, of this Act. "The amounts which are excluded from the computation of profits and losses in accordance with the provisions of the first paragraph of this section shall be entered in a suspense account which shall be called the 'Monetary Adjustment Account'. The Monetary Board shall in every case amortize such expenses over a period which shall not exceed ten years and at a rate which shall be based on the adequacy of the Bank's profit."

Read the full instrument →

Other provisions in BP 67

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationBP 67 Section 6 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

Continue your research