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

Subject: 
The term “interbank deposits” provided in Article 2 of the “Regulations 
Governing the Audit and Adjustment of Deposit Reserves of Banks” is defined in the 
Explanations below.

Explanations:
1.This is in pursuant to the letter of the Bureau of Monetary Affairs, the Ministry 
　of Finance, dated September 10, 1991 (Ref. No. Tai-Zong-Ju-5-801691897), and in 
　response to a letter from Citibank Taipei Branch, dated October 4, 1991.
2.The term “interbank deposits” provided in Article 2 of the “Regulations 
　Governing the Audit and Adjustment of Deposit Reserves of Banks” means deposit 
　accounts opened at a deposit taking financial institution by other deposit taking 
　financial institutions, which include domestic banks, Taiwan branches of foreign 
　banks, business banks, credit cooperatives, credit departments of farmers' 
　associations, credit departments of fishermen's association,s and the Directorate 
　General of Postal Remittances and Savings Bank (excluding its life insurance 
　department).
3.Deposit accounts at a deposit taking financial institution opened by non-deposit 
　taking financial institutions (e.g. investment and trust companies, life 
　insurance companies, property insurance companies, bills finance companies and 
　securities finance companies), not authorized to take deposits, should therefore 
　not be listed as “interbank deposits”, but rather as “general deposits” (e.g. 
　checking deposits, demand deposits, time deposits and saving deposits).

(Note: Article 2 of the “Regulations Governing the Audit and Adjustment of Deposit 
Reserves of Banks” has been amended to be Article 3 of the “Regulations Governing 
the Audit and Adjustment of Deposit and Other Liability Reserves of Financial 
Institutions”.)