Extraordinary expenses of currency issue and monetary stabilization.
Section 43
SEC. 43. Extraordinary expenses of currency issue and monetary stabilization.—The Monetary Board may, whenever it deems it advisable, exclude from the computation of the annual profits and losses of any given fiscal year all or part of the following extraordinary expenses incurred during that year: (a) Extraordinary costs of printing notes or of minting coins; (b) Extraordinary expenditures arising from the 0sue and service of the evidences of indebtedness to which reference is made in section 98; and (c) Interest paid on bank reserves which exceed fifty per cent (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 five years and at a rate which shall be based on the adequacy of the Bank's surplus and of the resources of the Securities Stabilization Fund.