The Monetary Board, in its Resolution No. 703 dated 8 May 2014, approved the 1-percentage-point increase in the reserve requirements of universal/commercial banks (UBs/KBs), thrift banks (TBs) and non-bank financial institutions with quasi-banking functions (NBQBs).
The required reserves for rural banks (RBs) and cooperative banks (Coop Banks), as well as for Long-term Negotiable Certificate of Time Deposits (LTNCTDs) across bank categories shall remain at current levels.
For further details, you may download a copy of this Circular by clicking on this link: BSP Circular No. 832