2025-06-03
The Office of the Deputy Governor for Financial Supervision issued Memorandum M-2025-018 to establish a single reserve week from June 6 to June 19, 2025, due to the Eidul Adha and Independence Day holidays. The directive mandates that reserve positions computed on June 5 and June 11 be carried over to subsequent non-reserve days, effectively merging the two standard reserve weeks into one period. This consolidation specifically applies to the determination of abuse regarding the privilege of offsetting reserve deficiencies against excess reserves during the specified timeframe.