Regulations Governing the Audit and Adjustment of Deposit and Other Liability Reserves of Financial Institutions Article 9

The calculation period used as the basis for calculating the amount of required reserves to be set aside by financial institutions shall be from the first day of each month through the month's end, provided that for financial institutions starting up operations midmonth, calculations for the startup period shall begin on the date that operations begin.The daily average balance of required reserves (hereafter referred to as "Required Reserve Balance") for each period shall be the sum of the products of the daily balances of the various types of deposits and various other liabilities for which reserves are required multiplied by the legally required reserve ratios, divided by the number of days of the period.For the purpose of calculation, the balances for the previous business day shall be taken as the balances on a non-business day for the various types of deposits and other various liabilities.Financial institutions that settle accounts on a daily basis may, exempt from the restriction of the preceding Paragraph, apply for a daily listing of account balances with the Bank.