Central Bank of Sri Lanka Operating Instructions No. 35/01/005/0007/14 on Reserve Requirements

@ @Go) @to @cot*
§exSeath u*Shu 6ur61i1
CENTRAL BANK OF SRI LANKA
340‘.5 a®cnose zzoott Gln-010urr$E56tr Domestic Operations ects36n082sh5g) $16pagre6666rrth Department OPERATING INSTRUCTIONS No: 35/01/005/0007/14 22 February 2019 To : All Licensed Commercial Banks RESERVE REQUIREMENTS Your attention is invited to the notification made by the Monetary Board of the Central Bank of Sri Lanka under Sections 10(c), 93, 94, 96 and 97 of the Monetary Law Act (Chapter 422 of Ceylon Legislative Enactments) as amended by Regulation "D" published in the Gazette Extraordinary of the Democratic Socialist Republic of Sri Lanka No. 2111/50 of 22 February 2019 on the above subject. All Licensed Commercial Banks are hereby informed that in accordance with the said notification, they should maintain reserves against deposit liabilities denominated in Sri Lankan Rupees at an amount equal to five per centum (5.00%) of the total of such deposit liabilities.
Schedule A of Operating Instructions No. 35/01/005/007/13 of 14 November 2018 is
replaced by attached 'Schedule A'.
The above amendment will take effect from 01 March 2019. All other instructions contained in our Operating Instructions No. 35/01/005/007/06 and 35/01/005/007/07 of 22 April, 2013 as amended from time to time will continue to apply. Director/Domestic Operations 7 Dm attic, 2 Czn zs2e541G 61-11.0 7, Gaminb 2 Level 7, Tower 2 nom 30, tim3Eitsii ®30m aw. 30, iyour‘lu$ UNI6)1$60 No. 30, Janadhipathi Mawata nt.e.a. 590, ezo3g@ 01, @ com3e .611.1 590, Otbrrutby 01, a61A161066 P.O. Box 590, Colombo 01, Sri Lanka ) +94 112 477036 A +94 112 346287 Mddod@cbs1.1k ewwvv.cbsl.gov.lk 1 Ilitart0 TT TT TITTIOTTITTI TTITT TIT IT IT ITT

SCHEDULE A
FORM OF REPORT
REPORT OF DAILY AVERAGE DEPOSIT LIABILITIES
Name of the Bank :
For the period from ( ) to (
Date Date
To : Director,
Domestic Operations Department,
Central Bank of Sri Lanka,
Colombo 01
The average amounts of deposit liabilities reported below are based on the deposit balances shown by the books of the Banks at the close of business of each day of the period specified above. (i) Demand Deposits (ix) Time and Savings Deposits (iii) Margins against Letters of Credit/DA Terms (iv) All other Deposit Liabilities' 1 In the case of Certificate of Deposits the amount declared should be the paid up value. 2

REQUIRED RESERVES
For the period commencing
Item In Sri Lankan
Rupees

1. 100% of Average daily total Margins against
   Letters of Credit specified under
   (i). Circular No. 35/01/005/0010/20 dated 19th September 2018 on 'Margin Requirements against Letters of Credit for importation of Motor Vehicles' or (ii) Circular No. 35/01/005/0010/21 dated 29 September 2018 on 'Margin Requirements against Letters of Credit for importation of Motor Vehicles and Non-Essential Consumer Goods' and Imports on Document against Acceptance (DA) Terms specified in Circular No. 02 of 2018 dated 11 October 2018 as the case may be 5% of Average daily total Rupee Deposit Liabilities excluding (1) above Average of Sri Lanka Currency Notes and Coins held over and above 2% of average deposit liabilities covered in 1. and 2, but not exceeding 4% Total reserves required to be maintained over the reserve maintenance period (1+2-3) We/I hereby certify that the above statement is correct and in accordance with the book of this bank and that the figures shown above are in accordance with the regulations prescribed by the Monetary Board of the Central Bank of Sri Lanka for the purpose. Date • Official Signature Note — Deposits and placements made by any institution other than licensed commercial banks, shall be accounted for maintenance of required reserves at prescribed ratios. All amounts should be shown to the nearest rupee. 3