Palestine Monetary Authority

Palestinian Monetary Authority

Circular No. (67/2007)
To all banks operating in Palestine
Date: Thursday, April 12, 2007

Subject: Pre-1967 Accounts

1. All banks holding pre-1967 customer account balances must process them within the bank's general ledger and segregate them from other dormant accounts by recording them in a special account (unclaimed balances).

2. Disclose those balances in the bank's financial statements on a continuous basis via the Call Report and subject the deposits to the mandatory reserve requirement.

3. Provide the Monetary Authority with a detailed statement of those accounts by currency, indicating customer names, account types, account numbers, and their balances.

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Banking Supervision Department
Palestinian Monetary Authority

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Ramallah - Al Bireh P.O. Box 452, Tel: 02 240 9920, Fax: 02 240 9922 Gaza: P.O. Box 4026, Tel: 08 282 5713, Fax: 08 284 4487 E-mail: info@pma.gov.ps Ramallah - Al Bireh P.O. Box 452, Tel: 02 240 9920, Fax: 02 240 9922 Gaza P.O. Box 4026, Tel: 08 282 5713, Fax: 08 284 4487 www.pma-palestine.org