Press releases

28 December 2005 TO: ALL CONFEDERATION AND FEDERATION PRESIDENTS ALL MEMBER BANKS FROM: GEN. WILLIAM K. HOTCHKISS III (Ret.) President RE: TRAINING CALENDAR FROM JANUARY- JUNE 2006

December 14, 2005 HON. NESTOR A. ESPENILLA, JR Deputy Governor Bangko Sentral ng Pilipinas A. Mabini St., Malate 1004 Manila

12 September 2005 Dear Fellow Rural Bankers: The Bangko Sentral ng Pilipinas is inviting participants for the acution sale of various units at Landco Corporate Centre, Bajada, Davao City. The auction sale will be done at the Bangko Sentral ng Pilipinas (BSP) in Manila on 28 September 2005 at 10:00 AM.

MEMORANDUM TO : ALL MEMBER BANKS FROM : GEN. WILLIAM K. HOTCHKISS III AFP (Ret.) SUBJECT : BSP ISSUANCES AND UPDATES DATE : September 14, 2005

MEMORANDUM To: All Federation Presidents From: Gen. William K. Hotchkiss AFP (Ret) Subject: House Bill No. 3819 Date: September 6, 2005

TO ALL FEDERATION/CONFEDERATION PRESIDENTS In response to the numerous queries we have received from members regarding compliance with the Revenue Memorandum Order No. 15-2005 (requiring all rural banks to submit a list of borrowers, co-makers, endorsers and/or guarantors who were extended loans the third day after the close of every month0 which we have received

Dear Fellow Rural Bankers; For your information and reference, attached is a copy of BIR Ruling No. 010-2005 to clarify the issue on the payment of capital gains tax and documentary stamp tax on foreclosures involving properties titled under homestead or free patent.

MEMORANDUM: T o : All Member Banks F r o m : Gen. William K. Hotchkiss III (Ret.) D a t e : 25 August 2005 Subject : Letter from PBSP Re SMEC & KfW Interest Rate

DRAFT January 9, 2005 HON. NESTOR ESPENILLA DEPUTY GOVERNOR BANGKO SENTRAL NG PILIPINAS MALATE, MANILA