Regulatory Alerts2008-07-09 | Circular 30/2008Added
Circular 30/2008 — Monetary Regulation Deposits
The Bank of Mexico terminates existing monetary regulation deposits totaling $278,981,126,756.00 MXN and requires credit institutions to establish new deposits totaling $280,000,000,000.00 MXN, distributed weekly on August 21 and 28, and September 4 and 11, 2008. Each institution's share is prorated based on national currency and UDI resource capture as of May 31, 2008, with interest calculated using the weighted interbank funding rate. This circular repeals Circulars-Telefax 30/2002, 10/2003, 21/2004, and 22/2005, and enters into force on July 10, 2008.
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