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

Article 23

　The Bank shall receive and keep reserves against deposits and other 
liabilities of financial institutions which are regulated by the Banking 
Act, and may, at its discretion, adjust various deposit and other 
liability reserve ratios under the following maximum limits in accordance 
with the regulation governing adjustment and audit thereof, which shall 
be prescribed by the Bank:

　1. Checking deposits: 25%

　2. Demand deposits: 25%

　3. Savings deposits: 15%

　4. Time deposits: 15%

　5. Other liabilities: 25%

 Article 23 Paragraph 2

　The scope of aforesaid other liabilities shall be prescribed by the Bank.

　The Bank may, whenever necessary and from a specific date, impose on
the increment of the checking deposits, demand deposits and other
liabilities, a marginal reserve ratio which shall not be bound by the
maximum limits on paragraph 1 of this Article.

　The Bank may charge the financial institutions having insufficient reserves, 
on the portion of the shortfall, a penalty interest rate not higher than two 
times of that prescribed in Article 21 on unsecured temporary advances as 
stated in subparagraph 2, paragraph 1 of Article 19.