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RA 265 Section 103

Reserves against unused balances of overdraft lines.

Section 103

SEC. 103. Reserves against unused balances of overdraft lines.— In order to facilitate Central Bank control over the volume of bank credit, the Monetary Board may establish minimum reserve requirements for unused balances of overdraft lines. The power is of the Monetary Board to prescribe and modify reserve requirements against unused balances of over-draft lines shall be the same as its powers with respect to reserve requirements against demand deposits.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER IV.—INSTRUMENTS OF CENTRAL BANK ACTION →

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

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

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