Bill Type
Long Title
AN ACT MANDATING THE EXAMINATION OF THE BOOKS OF ACCOUNTS OF EVERY BANKING INSTITUTION, ONCE IN EVERY SIX (6) MONTHS, AMENDING FOR THE PURPOSE THE NEW CENTRAL BANK ACT
Date filed
July 17, 1998
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB01080 |
| FULL TITLE : AN ACT MANDATING THE EXAMINATION OF THE BOOKS OF ACCOUNTS OF EVERY BANKING INSTITUTION, ONCE IN EVERY SIX (6) MONTHS, AMENDING FOR THE PURPOSE THE NEW CENTRAL BANK ACT |
| ABSTRACT : Directs the supervising and examining department head, personally or by deputy, to EXAMINE the books of every banking institution once every SIX (6) months, and at such other times as the Monetary Board, by an affirmative vote of five (5) members, may deem expedient or necessary, for the national interest or to safeguard the depositors' interest, and to make a report to the Board. |
| PRINCIPAL AUTHOR/S : TUAZON, RODOLFO T. |
| DATE FILED : 1998-07-17 |
| SIGNIFICANCE: NATIONAL |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE |
| MOTHER BILL: HB09427 |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON BANKS AND FINANCIAL INTERMEDIARIES ON 1998-07-30 |
Abstract
Directs the supervising and examining department head, personally or by deputy, to EXAMINE the books of every banking institution once every SIX (6) months, and at such other times as the Monetary Board, by an affirmative vote of five (5) members, may deem expedient or necessary, for the national interest or to safeguard the depositors' interest, and to make a report to the Board.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.