FOR : ALL MEMBER-BANKS FROM : SUZANNE I. FELIX, Executive Director DATE : March 23, 2010 SUBJECT : BSP CIRCULARS ISSUED FOR THE PERIOD January 6 to March 15, 2010 ---------------------------------------------------------------------------------------------------------------------------------- Hereunder is a list of BSP circulars/memoranda issued for the period January 6 to March 15, 2010: Circulars: Number Date Subject 684 03.15.2010 Amendments to the provisions of Subsections X268.3 and X269.4 of the MORB covering the guidelines on the BSP Rediscounting Facility 683 02.23.2010 Marketing, Sale and Servicing of Microinsurance Products 682 02.15.2010 Rules and Regulations for Cooperative Banks 681 02.08.2010 Revised Clearing and Settlement Processes 680 02.03.2010 Rules and Regulations for the Provision of Micro-Agri Loans 679 02.01.2010 Amendments to the provisions of Subsections X269.6 of the MORB covering the guidelines on the BSP Rediscounting Facility 678 01.06.2010 Rules and Regulations for the Approval and Provision of Housing Microfinance Memoranda: Number Date Subject M-2010-005 03.15.2010 Guidelines on the 2% Creditable Withholding Tax on Interest Payments on Rediscounted Loans to the BSP M-2010-004 03.04.2010 MB Resolution No. 277 dated 04 March 2010 - Rural Bank of Ivisan (Capiz), Inc. Placement Under Receivership M-2010-003 03.04.2010 MB Resolution No. 276 dated 04 March 2010 - Placement of the EuroCredit Community Bank, Inc. under Receivership M-2010-002 02.11.2010 MB Resolution No. 165 dated 11 February 2010 - Placement of the Rural Bank of Laoac (Pangasinan) Inc., under Receivership M-2010-001 01.14.2010 MB Resolution No. 28 dated 14 January 2010 - Placement of the Apex Rural Bank (Bulacan), Inc. Under Receivership For complete details of the BSP Circulars/Memoranda, please refer to the Bangko Sentral ng Pilipinas’ website (http://www.bsp.gov.ph).