BCEAO

BANQUE CENTRALE DES ETATS DE L'AFRIQUE DE L'OUEST

INSTRUCTION N° 005/03/2011 ON THE REPORTING OF AUTONOMOUS FACTORS OF BANKING LIQUIDITY BY UMOA CREDIT INSTITUTIONS

The Governor of the Central Bank of West African States (BCEAO),

Having regard to the Treaty of the West African Monetary Union (UMOA) dated January 20, 2007, particularly Article 34 thereof,

Having regard to the Statutes of the Central Bank of West African States (BCEAO), annexed to the Treaty of the West African Monetary Union dated January 20, 2007, particularly Article 62 thereof,

Having regard to the Uniform Act on Banking Regulation, particularly Article 56 thereof,

Having regard to Decision No. 397/12/2010 of December 2, 2010 by the Monetary Policy Committee establishing rules, instruments and procedures for implementing the monetary and credit policy of the BCEAO, particularly Title I thereof,

DECIDES

Article 1: Purpose

This instruction aims to specify the procedures for reporting to the Central Bank of West African States (BCEAO) by credit institutions of the West African Monetary Union (UMOA), data relating to the autonomous factors of banking liquidity.

Article 2: Nature of Information to be Provided

Credit institutions shall report to the Central Bank on a weekly basis, using the form attached as an annex to this instruction, the actual values and forecast developments of their liquidity autonomous factors.

These relate to data concerning operations with the Public Treasury, operations on banknotes and coins with customers at their counters, operations with foreign entities via the Central Bank, and bills under collection at the BCEAO.

Avenue Abdoulaye FADIGA BP 3108 – Dakar - Senegal Tel. (221) 33 839 05 00 / Fax. (221) 33 823 93 35 www.bceao.int

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Article 3: Reporting Deadlines

The actual values and forecast developments of liquidity autonomous factors are transmitted to the Central Bank by the deadline set for submitting bids in the weekly auction. Forecasts cover the weekly period starting from the date of their submission to the Central Bank. Actual values of banking liquidity autonomous factors are reported for the preceding weekly period.

Article 4: Entry into Force

This instruction, including its annex which forms an integral part thereof, repeals and replaces all prior provisions dealing with the same subject matter.

It enters into force as of its signature date and shall be published wherever necessary.

Done in Dakar, on MARCH 18, 2011

Acting Governor

(Signature)

Jean-Baptiste COMPAORE

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ANNEX

(Form to be completed at the letterhead of the reporting credit institution)

FORECAST VARIATION OF AUTONOMOUS FACTORS OF BANKING LIQUIDITY

Registration Number: ........................... Period from .... to ................. 20..

MM 830- IBC (in millions of FCFA)

Variation of autonomous factors compared to the previous period	Actual movements during the previous period	Forecasted movements during the reviewed period
1 – Operations on banknotes and coins in FCFA
- Customer deposits (+)
- Customer withdrawals (-)
2 – Operations with foreign entities (UMOA and non-UMOA)
- Outward transfers (-) via the BCEAO
- Inward transfers (+) via the BCEAO
- Manual exchange (foreign currency against FCFA or vice versa) (+)
3 – Operations with the Treasury
- Acquisition of government bonds (-)
- Sale or amortization of government bonds (+)
- Advances to the Public Treasury (granting and repayment) (+)
- Deposits by the Public Treasury (creditor and debtor movements) (+)
4 – Collection of bills at the BCEAO (+)
Total

At ................., on ................. 20..

Authorized Signature