AMENDING EO 415 CREATING THE NATIONAL COMMISSION ON SAVINGS
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AMENDING EO 415 CREATING THE NATIONAL COMMISSION ON SAVINGS
Executive Order No. 467
June 28, 1976
Case Overview and Summary
Summary of Executive Order No. 467Amending Executive Order No. 415, Series 1973, Creating the National Commission on Savings
- Composition of the National Commission on Savings (Section 1):
• Governor, Central Bank of the Philippines, Chairman
• Secretary of Finance, Vice-Chairman
• Director General, National Economic and Development Authority, Member
• Secretary, Department of Education and Culture, Member
• Chairman, Board of Investments, Member
• Secretary, Department of Local Government and Community Development, Member
• Secretary, Department of Public Information, Member
- Changing the word "Committee" to "Commission" in Section 2, Paragraph 2 of Executive Order No. 415 (Section 2)
- Implementation of the Thrift Incentives for Progress through Industry and Discipline (TIPID) movement nationwide to instill the virtue of thrift and importance of savings in banks among students (Section 3, Paragraph 5)
- Members of the Commission shall receive an emolument not exceeding P1,000 for any single month, to be determined by the Monetary Board and disbursed from the financial assistance provided by the Central Bank (Section 3, Paragraph 6)
- The Order shall take effect immediately (Section 4)
Amends
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Executive Issuances
Executive Orders
National Commission on Savings
capital formation
savings campaign
financial intermediaries
non-inflationary means
Thrift Incentives for Progress through Industry and Discipline (TIPID) movement
emolument
Monetary Board
Central Bank of the Philippines
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AMENDING EO 415 CREATING THE NATIONAL COMMISSION ON SAVINGS
Executive Order No. 467
•June 28, 1976
EXECUTIVE ORDER NO. 467 June 28, 1976
AMENDING EXECUTIVE ORDER NO. 415, SERIES 1973, CREATING THE NATIONAL COMMISSION ON SAVINGS
WHEREAS, the National Commission on Savings was created to take charge of accelerating capital formation through non-inflationary mean, particularly through savings with banks and other financial intermediaries;
WHEREAS, the Commission, in the pursuit of this objective, is undertaking a nationwide savings campaign involving a wide sector of society; and
WHEREAS, the active participation of certain government agencies would enhance the pervasiveness of this campaign;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by law, do hereby amend Executive Order No. 415, s. 1973, as follows:
1. The first paragraph of said Executive Order is hereby amended to read as follows:
"1. The Commission shall be composed of the following:
(a) Governor, Central Bank of the Philippines, Chairman
(b) Secretary of Finance, Vice-Chairman
(c) Director General, National Economic and Development Authority, Member
(d) Secretary, Department of Education and Culture, Member
(e) Chairman, Board of Investments, Member...
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Amends
n/a
Amended by
n/a
Tags
Executive Issuances
Executive Orders
National Commission on Savings
capital formation
savings campaign
financial intermediaries
non-inflationary means
Thrift Incentives for Progress through Industry and Discipline (TIPID) movement
emolument
Monetary Board
Central Bank of the Philippines
EXECUTIVE ORDER NO. 467 June 28, 1976
AMENDING EXECUTIVE ORDER NO. 415, SERIES 1973, CREATING THE NATIONAL COMMISSION ON SAVINGS
WHEREAS, the National Commission on Savings was created to take charge of accelerating capital formation through non-inflationary mean, particularly through savings with banks and other financial intermediaries;
WHEREAS, the Commission, in the pursuit of this objective, is undertaking a nationwide savings campaign involving a wide sector of society; and
WHEREAS, the active participation of certain government agencies would enhance the pervasiveness of this campaign;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by law, do hereby amend Executive Order No. 415, s. 1973, as follows:
1. The first paragraph of said Executive Order is hereby amended to read as follows:
"1. The Commission shall be composed of the following:
(a) Governor, Central Bank of the Philippines, Chairman
(b) Secretary of Finance, Vice-Chairman
(c) Director General, National Economic and Development Authority, Member
(d) Secretary, Department of Education and Culture, Member
(e) Chairman, Board of Investments, Member...
Login to see full content