2013-09-09 | BSD/DIR/GEN/LAB/06/039

Re: Review of the Cash Reserve Requirement (CRR) for Deposit Money Banks

On September 5, 2013, a letter was addressed to all banks regarding the review of the Cash Reserve Requirement (CRR) for Deposit Money Banks (DMBs). The guidelines state that DMBs must report government deposits as additional memorandum items in their Monthly Bank Return/Daily Bank Return (MBR 300/DBR 300) on e-FASS. Public sector deposits should include all federal and state government agencies, local governments, and their companies, excluding institutions such as AMCON, BOI, NEXIM, FMBN, BOA, and Bank of Infrastructure.

Nigeria

Central Bank of Nigeria

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