|MEMORANDUM NO. 2023-01|
In line with the PDIC’s mandate to review the maximum deposit insurance coverage (MDIC) under Section 5(k) of Republic Act No. 3591, as amended, and by virtue of its authority to require banks to submit documents/information which it may deem necessary under Regulatory Issuance No. 2021-01, or the Revised Rules and Regulations on Record-Keeping of Bank Deposits and Reportorial Requirements from Banks, all banks are hereby directed to submit the attached pro-forma Special Report on Bank Deposit Liabilities by Size of Accounts (Annex A) as of 31 December 2022 with the following specifications:
Failure or refusal to submit the Special Report within the period or in the form or manner prescribed will be subject to the applicable sanctions and penalties under Section 8 of Regulatory Issuance No. 2021-01.
Queries and other concerns may be referred to the Bank Statistics Department at telephone numbers (02) 8841-4374, (02) 8841-4375, and (02) 8841-4378.
For guidance and strict compliance.
(Sgd.) ROBERTO B. TAN
9 May 2023
Publication: Philippine Star, 17 May 2023