Regulatory Alerts2025-12-12
M-2025-040: Single Reserve Week from 19 December 2025 to 01 January 2026
The Office of the Deputy Governor issued Memorandum No. M-2025-040 to all banks and non-banks with quasi-banking functions. The directive consolidates the reserve weeks of 19-25 December 2025 and 26 December 2025-01 January 2026 into a single period for computing reserve compliance and determining offsetting privileges. This adjustment accounts for the Christmas and New Year holidays in accordance with relevant sections of the Manual of Regulations for Banks and Non-Bank Financial Institutions.
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