Czech National Bank measure No. 106 / 1997 Coll.
Measures of the Czech National Bank fixing the minimum amount of liquid assets
Valid
Measures
Text versions:
07.05.1997
106
MEASURES
Czech National Banks
of 10 April 1997
fixing the minimum amount of liquid assets
The Czech National Bank provides, pursuant to Section 15 of Act No. 21 / 1992 Coll., on Banks, as amended:
(1) The minimum liquidity of the building savings banks (1) and the Czech-Moravian guarantee and development banks, a. s., is 4% of the liabilities to all persons except banks.
(2) The minimum amount of liquid assets of other banks and branches of foreign banks is 9,5% of the liabilities to all persons except banks.
The liabilities referred to in Article 1 are liabilities in Czech crowns and liabilities denominated in foreign currency.
The liquidity provided under § 1 must be deposited in an account with the Czech National Bank as mandatory minimum reserves.
Mandatory minimum reserves shall not be remunerated.
The Czech National Bank's measure of 26 June 1996 determining the minimum amount of liquid assets, published in No. 57 / 1996 Coll.
This measure shall take effect on 8 May 1997.
Governor:
v. Ing. Kysilka CSc.
Vice-Governor
1) Act No. 96 / 1993 Coll., on Construction Savings and State Support of Construction Savings and on Addition of the Act of the Czech National Council No. 586 / 1992 Coll., on Income Tax, as amended by the Act of the Czech National Council No. 35 / 1993 Coll., as amended by Act No. 83 / 1995 Coll.
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Regulation Information
| Citation | Measures of the Czech National Bank No. 106 / 1997 Coll., fixing the minimum amount of liquid assets |
|---|---|
| Regulation Type | Measures |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 07.05.1997 |
|---|---|
| Effective from | - |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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