PHILIPPINE BANKING TODAY Republic Act No.

7653, or the New Central Bank Act of 1993, governs Philippine banking today.provides for the establishment of an independent monetary authority to be known as the Bangko Sentral ng Pilipinas (BSP), with with the maintenance of price stability explicitly stated as its primary objective, and giving it much needed fiscal and administrative autonomy, which the old Central Bank did not have. The BSP has supervision over the operations of banks and and exercises such regulatory powers over the operations of finance companies and non-bank financial institutions performing quasibanking functions. As of February 2009, there are 21,494 BSP supervised/regulated banks, broken down into: Banks 7,743 (universal and commercial banks, 4,284; thrift banks, 1,318; and rural and cooperative banks, 2,141); Non-Banks Offshore Banks 7. It also extends discounts, as well as loans and advances to banking institution undergoing serious financial pressures, thus influencing the volume of credit consistent with objective of price stability.

E-MONEY ARE DIVIEDE INTO THREE GROUPS 1. Access devices these include automated teller machine and home banking by telephone or computer. 2. Card-based products these are also called stored value (SVC) products. 3. Prepaid software products or network money involve funds that are stored in electronic home and are transferred over communication network among participant in the network.

PERSPECTIVE ON BANK OR BANKING What is bank? Bank is an institution which deals primarily in the receipt of deposits and the loaning out of times. Bank shal refer to entities engaged in the lending of funds obtained in the forms of deposits.

TYPE OF BANKS a. Privately owned it is organized and capitalized by private citizens for their profits. b. Publicly owned bank is organized by the state and sometimes has a minimum of private ownership.

FOREIGN AND DOMESTIC BANK I. Domestic it is incorporated under the laws of the Philippines, follows majority of the stocks are owned by Filipinos in confirmity with the Philippine corporation code. II.Foreign when the bank is incorporated under the law of another country, although the bank might be doing business in the Philippines.

BANGKO SENTRAL NG PILIPINAS (BSP) - the central monetary authority. - has policy making body which provides the direction in the fields money, credit and banking (Monetary Board). - various monetary tools: open-market operations, legal reserve requirement and moral suasion. - major objectives: monetary stability and economic growth. BRIEF HISTORY OF BSP Miguel Cuaderno 1st governor of BSP and developed the concept ofa central bank in 1933. 1946 formal preparation for the organization of a CB started upon the instruction of Pres. Manuel Roxas. Joint Philippine-American Finance Commission created to study the PhilippineCurrency and banking system, the formation of a central bank, and the regulation of money and credit supply. CB of Guatemala chose by Cuaderno as a model for our CB in view of he similar social and economics condition. CB council formed in August 1947 to review the report of the Commission and to prepare the necessary legislation for its implementation. Bill of CB RA 265 central bank act submitted to congress by President Roxas 1949 opening of CB

Original objectives of CB 1.maintenance of monetary stability in the Philippines. 2.preservation of the international value of the peso and its convertibility into other freely convertible currencies. 3.promotion of a raising level of production, employment, and real income in the Philippines. Amended objectives IMF-CBP Banking Survey Commission established in 1971 t formulate strategies on how to ensure the soundness and health growth of the banking system. PD no.72, promulgated in 1972, amended certain sections of RA 265 (central bank act). -amended objectives of the CB. 1.to maintain internal and external monetary stability in the Phils., and the convertibility of the peso into other freely convertible currencies. 2.to foster monetary, credit and exchange conditions conducive to a balanced sustainable growth of the economy.

JHON MAY CAMPOS ROSQUETA San Antonio, Roxas Isabela Contact Number: 09264070074 Email Address: damaganjack99@yahoo.com

JOB OBJECTIVE: I am desirous to apply for my vacant position that commensurate my educational qualifications in your prestigious company.

PERSONAL DATA: Nickname Date of Birth Place of Birth Gender Civil Status Height Weight Religion Language Spoken : : : : : : : : : JM May 07, 1993 Banauag, Diffun, Quirino Male Single 56 ft. 51 kls. Roman Catholic English, Filipino, Ilocano

EDUCATIONAL BACKGROUND: Isabela State University Cauayan Campus Bachelor of Science in Business Administration Major in Financial Management April 2014

WORK EXPERIENCE: Teller Land Bank Cauayan Branch May 14, 2014 November 2014 Book Keeper Land Bank Santiago Branch June 2015 July 2015

SKILLS: Knowledge in Internet and MS Application (Word Excel, Power Point and Adobe Page Maker. Management skills.

Oral and written communication skills.

REFERENCES: Mr. Rodito Ramirez General Manager Coca-cola Corporation Santiago City, Isabela Ms. Chary Chua Supervisor Land Bank Santiago City Branch

______________________ Applicant

ASSIGNMENT in
FINANCE 30

Submitted by: BSBA 2F Rosqueta, Jhon May C. Bajacan, Christine Mae C. Alda, Marjorie C. Ignacio, Micah D. Gumaru, Catlyn Ulep, Marivic Cacanando, Marieta Espinola, Lea Marie R.

Submitted to: Mrs. Girlie Dacanay