Laws and Regulations Database of the Central Bank of the Republic of China(Taiwan)

To facilitate the auditing of the required reserves of banks and the compilation of relevant monetary statistics, your bank is hereby required to fill out items relating to “Re-deposits from the Directorate General of Postal Remittances and Savings Bank”, as detailed in Enplanation 1 below, when submitting information on the required reserves to the CBC.

1.When your bank receives time deposits from the Directorate General of Postal Remittances and Savings Banks and the time deposits are postal savings re-deposits, such funds shall be reported as “Re-deposits from the Directorate General of Postal Remittances and Savings Banks” and the Directorate General of Postal Remittances and Savings Banks shall provide the required reserves for such re-deposits. The life insurance reserves re-deposits shall be reported as time deposits in accordance with CBC Letter dated March 19, 1986 (Ref. No. (75) Tai-Yang-Ye-481) and the receiving bank shall set aside the required reserves.

2.The Directorate General of Postal Remittances and Savings Bank, when making redeposits at your bank, shall distinguish between postal savings and life insurance reserves by using different account names.