Regulatory Alerts2008-08-01 | Circular 36/2008Added
Circular 36/2008 — Modifies Circular 30/2008
The Bank of Mexico terminates existing monetary regulation deposits totaling $278,981,126,756.00 MXN and requires credit institutions to constitute new deposits totaling $280,000,000,000.00 MXN. The termination and constitution occur through weekly payments on August 21 and 28, September 4, 11, 18, and 25, and October 2 and 9, 2008. Each institution's share is prorated based on reference liabilities as of May 31, 2008, with interest calculated and paid according to specific daily schedules.
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