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

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.

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”.）