Measure 6 / 1999 Coll.
Measures of the Czech National Bank fixing the minimum amount of liquid assets
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6
MEASURES
Czech National Banks of 17 December 1998 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 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The Czech National Bank measure 177 / 1998 Coll., determining the minimum amount of liquid assets, is hereby repealed.
This measure shall take effect on 28 January 1999.
Governor:
Ing. Tošovský v. r.
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 | Measure 6 / 1999 Coll., fixing the minimum amount of liquid assets |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 15.01.1999 |
|---|---|
| Effective from | - |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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