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PD 1827 Section 19

Section 19

SEC. 19. Section 105 of the same Act is hereby amended to read as follows: "SEC. 105. Computation on reserves.—The reserve position of each bank or non-bank financial intermediary with quasi-banking functions shall be calculated daily on the basis of the amount, at the close of business for the day, of the institutions reserves and the amount of its liability accounts against which reserves are required to be maintained. "For the purpose of computing the reserve position of each bank or non-bank financial intermediary with quasi-banking functions, its principal office in the Philippines and all its branches and agencies located therein shall be considered as a single unit."

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Other provisions in PD 1827

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

CitationPD 1827 Section 19 (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).

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