315 INTERBANK LOANS
a. Both lending and borrowing banks shall immediately pass the corresponding entries in their books.
b. IBCL transactions shall be recorded by the lending bank as Interbank Call Loans Receivable and by the borrowing bank as Bills Payable Interbank – Call Loans.
c. Banks shall reconcile their demand deposit accounts with the Bangko Sentral against monthly statements of account to be furnished by the Bangko Sentral Financial Accounting Department, Comptrollership Sub-Sector.