Ref. No：1991.4.11 (80) Tai-Yang-Ye-Tze No. 348
108.01.04
Your letter stated that, for the purpose of participating in the “financial information system”, certain business banks, whose headquarters are located outside of Taipei City, and Credit Cooperatives, which require funding for interbank settlement, leave overnight balances in your Interbank Settlement Funds accounts with the Department of Business of the Bank of Taiwan (checking deposit account number: 109216), or with the Department of Business of the Taiwan Cooperative Bank (checking deposit account number: 116241). The CBC agrees with your request that these funds can be used as the required reserves of the respective financial institutions, effective from the last ten-days of April 1991. The amount of the funds that may be included as the reserves of each respective financial institution (see the list attached to your letter) shall be limited to four percent of the required reserves during the ten-days of the month. Please forward the same to all relevant institutions.
This is to respond to the letter of your center, dated March 27, 1991 (Ref. No. (80)-Gin-Xun-Ye-215).