RegAlert1997-12-23 | Resolución 180/97Added · Updated
Resolution 180/97 - Legal Reserve Regulation for Financial System Institutions
Resolution 180/97 approves the Legal Reserve Regulation for Financial System Institutions, repealing previous resolutions and modifying Article 2 of Resolution 069/94 to limit cash custody to 5% of the legal reserve. The regulation establishes reserve requirements for demand, savings, and time deposits, mandating that 5% to 10% of reserves be held in cash and the remainder in authorized securities managed by the RAL Funds. It sets a phased implementation schedule for reserve ratios starting March 23, 1998, and defines the operational rules for the Liquid Asset Requirement Fund (RAL), including eligible securities and custodian qualifications.
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RESOLUCION DE DIRECTORIO Nº 180/97
ASUNTO: ECONOMIC POLICY ADVISORY - LEGAL RESERVE REGULATION FOR FINANCIAL SYSTEM INSTITUTIONS.
VISTOS:
Law No. 1670 of the Central Bank of Bolivia (BCB) of October 31, 1995.
Law No. 1488 on Banks and Financial Entities of April 14, 1993.
Supreme Decree No. 23261 of September 15, 1992.
Report from the Economic Policy Advisory No. 89/97 of November 21, 1997.
Report from the Legal Advisory ALEG No. 249/97 of November 21, 1997.
CONSIDERING:
That Article 7 of Law 1670 of October 31, 1995, grants the Central Bank of Bolivia (BCB) full authority to establish the legal reserve mandatory for banks and financial intermediation entities. To this effect, it confers competence to the Institution's Board of Directors to fix, by absolute majority of votes, its composition, amount, calculation method, characteristics, and remuneration.
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Lineage: Amended
Show all related documents (16)
- Amended by
- Resolution 080/2000 Modifying the Legal Reserve Regulation2000Resolution 006/2000 Approving Modifications to the Legal Reserve Regulation for Financial System Institutions2000Board Resolution No. 077/991999Resolution 028/98 Postponing the Effective Date of the Legal Reserve Regulation for Financial System Institutions1998
- Basis for
- Board Resolution No. 076/991999Resolution 037/99 - Liquidity Credit to Banco Boliviano Americano S.A.1999Resolution 022/99 - Liquidity Credit to Banco Boliviano Americano S.A.1999Resolution 092/98 Authorizing Early Redemption of Time Deposits for Capitalization or Subordinated Debt1998Board Resolution No. 048/98 - Mandatory Liquidity Fund for Open Savings and Credit Cooperatives Pending Licensing by SBEF1998
- Referred to by
- Resolution 076/2002 Approving the Regulation on Portfolio Purchase and Sale of a Call Option to Financial Intermediation System Entities2002Resolution 071/20012001Board Resolution No. 005/2001 Approving the Regulation of Liquidity Credits for Financial Intermediation System Entities2001Resolution 017/99 - Financial System - Liquidity Credit to Banco Boliviano Americano S.A.1999Resolution 059/98 Approving the Regulation of Liquidity Credits for Financial Intermediation System Entities1998Resolution 047/98 on Transfer and Delegation of Fiscal Current Accounts1998
Timeline
Amended 4 times · last 2000-11-07
- 2000-11-07
BCBResolution 080/2000 Modifying the Legal Reserve Regulationamends
- 2000-02-01
- 1999-09-14
- 1998-03-17
Source: Banco Central de Bolivia — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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