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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 364 - CREATING
THE NATIONAL COMMISSION ON SAVINGS
WHEREAS, Philippines 2000, the
Filipino people’s vision of newly industrialized country’s status by
the year 2000, recognizes that economic progress and development can be
hastened by increasing capital formation by saving with banks and other
financial intermediaries;
WHEREAS, in the drive towards Philippines 2000, all sectors of society
should be made aware of the vital role of savings in economic
development;
WHEREAS, to generate financial resources, capital formation should be
accelerated by encouraging the public to save in banks and other
financial intermediaries;
WHEREAS, it is vital to instill in the minds of the public the
importance of saving for sustained economic development, and as such, a
continuing nationwide information, educational and communication
campaign shall be instituted that will involve all sectors of society
and all levels of government;
WHEREAS, Proclamation No. 380, dated 15 May 1994 was issued “Declaring
the Period from June 30 to July 6, 1994 and Every Year Thereafter as
Savings Consciousness Week.”
NOW, THEREFOR, I, FIDEL V. RAMOS, President of the Philippines, by
virtue of the powers vested in me by law, do hereby create a National
Commission on Savings which shall take charge of accelerating capital
formation through non-inflationary means, particularly through saving
in banks and other financial intermediaries.
1.
a.
b.
c.
d.
e.
f.
g.
h.
i.
The Commission shall be assisted
by a Working Committee and its Secretariat, as follows:
Chairperson
Co-Chairperson
Vice-Chairperson
Members
The Commission shall also evolve and recommend policies to the President of the Philippines directed towards providing the incentives which may bring about increased savings in banks and other financial intermediaries.
3.
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8.
DONE in the City of Manila, this 23rd day of August in the year of Our Lord, Nineteen Hundred and Ninety-Six.
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