Section 1
SECTION 1. The first sentence of section one thousand six hundred and twenty-two of the Administrative Code, as amended, is hereby further amended to read as follows: "SEC. 1622. How constituted.-There is hereby constituted in the Insular Treasury a separate and trust fund designated as the 'Exchange Standard Fund,' which shall at all times be maintained in a sum not less than fifteen per centum of the money of the Government of the Philippines in circulation and available for circulation, including both coin and treasury certificates, but in determining the amount of treasury certificates for which the reserve provided herein is required, there shall be deducted the total sum of such treasury certificates are covered by one hundred per centum dollar deposits in the United States constituting the Treasury Certificate Fund."