Required reserves against foreign currency deposits.
Section 102
SEC. 102. Required reserves against foreign currency deposits.—The Monetary Board is similarly authorized to prescribe and modify the minimum reserve ratios applicable to deposits denominated in foreign currencies: Provided, however, That such ratios may not be set below ten per cent (10%) or above one hundred per cent (100%), with respect to deposit liabilities in each foreign currency. The Monetary Board shall determine the form and the currency, either national or foreign, in which such reserves shall be maintained: Provided, however, That any such requirements shall not preclude the banks from keeping a balanced position between their assets and liabilities in each of the foreign currencies in which they operate.