The Central Bank of the Philippines issued a supervisory memorandum to all banks and non-banks with quasi-banking functions setting how to compute reserve requirements for the reference weeks 6–12 June 2025 and 13–19 June 2025, reflecting two declared regular holidays and specifying related carry-over mechanics. Eidul Adha on 6 June 2025 and Independence Day on 12 June 2025 are treated as non-reserve days. The reserve position computed at the close of business on 5 June 2025 is carried over through 8 June 2025, while the reserve position computed at the close of business on 11 June 2025 is carried over to 12 June 2025. For purposes of determining “abuse” of the privilege of offsetting reserve deficiencies against excess reserves during the period, the reserve weeks 6–12 June 2025 and 13–19 June 2025 are treated as a single reserve week.
Central Bank of the Philippines 2025-06-03
Central Bank of the Philippines issues single reserve week and carry-over guidance for 6–19 June 2025
The Central Bank of the Philippines issued a memorandum detailing reserve requirement computations for banks and non-banks for 6–12 June 2025 and 13–19 June 2025, accounting for two holidays. Eidul Adha and Independence Day are non-reserve days, with specific carry-over mechanics outlined. The reserve weeks are treated as a single period for offsetting reserve deficiencies against excess reserves.