The Department of Banking shall be charged with the following duties:
1.Matters pertaining to regulating the posting and notification by financial
institutions of interest rates on New Taiwan dollar denominated deposits and
loans.
2.Matters pertaining to receiving the required reserves on various deposits of
banks, other liabilities and trust funds as well as formulating and announcing
the relevant ratios.
3.Matters pertaining to handling bank deposits and special deposits.
4.Matters pertaining to providing rediscount, short-term accommodations,
refinancing of secured loans as well as medium and long-term accommodations to
banks.
5.Matters pertaining to formulating and implementing selective credit controls.
6.Matters pertaining to providing special finance to the Central Deposit
Insurance Corporation.
7.Matters pertaining to the clearing and/or settling of inter-bank negotiable
instruments as well as electronic fund transfers.
8.Matters pertaining to the trading of government bonds, bank debentures and
short-term bills.
9.Matters pertaining to issuance and trading of certificates of deposit, savings
bonds, and short-term bonds.
10.Matters pertaining to prescribing for banks the minimum ratio of their liquid
assets to their various liabilities.
11.Other matters pertaining to the banking business.
